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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
18791 Collier Ave Lake Elsinore, CA 92530-2794
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US10-3220159
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
WOOD
Total area
2,944 SF
Lot
2.96 ac (128,937 SF)
Zoning code
M1
APN
377-190-013
UPID
US10-3220159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$900k
Owner & transaction history
Extra Space Properties 102 LLC · 11 yrs held
Extra Space Properties 102 LLC
since 2015
7 recorded transactions
Zoning & alternative use
M1 · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+54.6%
Auto repair, garage
$1.3M
+46.1%
Retail stores
$875,000
+0.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Elsinore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elsinore submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$870,000
Current use
OFFICE BUILDING
$1,345,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,270,000
Change: +46% · Conversion: Easy
RETAIL STORES
$875,000
Change: +1% · Conversion: Moderate
MEDICAL BUILDING
$805,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$306 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$57,773
Tax year 2024
Assessed value
$5,508,169
Assessed 2024
Previous assessed
$5,508,169
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$923,564
Assessed improvement
$4,584,605
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
2
Units
4
Total area
2,944 SF
Lot
2.96 ac (128,937 SF)
Zoning code
M1
APN
377-190-013
UPID
US10-3220159
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Lake Elsinore, CA
Zoning M1 · permitted uses
M1 · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Elsinore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$870,000
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$875,000
MEDICAL BUILDING
Est. value
$805,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
2.96 ac
Current owner
From public records · entity-resolved
Extra Space Properties 102 LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2015
—
Extra Space Properties 102 LLC
Extra Space Properties Eighty
Quit Claim Deed
—
Oct 24, 2011
$226,364
Extra Space Properties Eighty
Ag Of Bpg Lake Elsinore INC
Grant Deed
—
Nov 3, 2006
—
Faec Holdings Lake Elsinore Ll
Empire Self Storage-lake Elsin
Grant Deed
—
Sep 9, 2003
—
Empire Self Storage-lake Elsin
Empire Self Storage-lake Elsin
Quit Claim Deed
related
—
Jul 31, 2003
—
Empire Self Storage-lake Elsin
—
Trustees Deed
related
$9,500,000 · California National Bank
Jul 11, 2003
—
Empire Self Storage-lake
Empire Commercial Real Ests LP
Quit Claim Deed
related
—
May 14, 2003
$825,000
Previti Realty Fund LP
Rts Group
Grant Deed
related
—
Nov 20, 2002
$475,000
Rts Group
Dcr Investments INC
Grant Deed
—
Mar 28, 2001
$125,000
Dcr Investments INC
Hamlin,stacey L
Grant Deed
—
—
—
Dcr Investments INC
—
Deed Of Trust
related
$75,000 · Crichton Trust
—
—
Empire Self Storage-lake Elsin
—
Deed Of Trust
related
$12,000,000 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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