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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Commercial land
18870 Camino Del Norte Lake Elsinore, CA 92532-2417
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3266196
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
6.13 ac (267,022 SF)
APN
377-110-045
UPID
US09-3266196
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
V22 Investments LLC · 2 yrs held
V22 Investments LLC
since 2024
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,470,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.47M (Apr 30 2024)
Last sale anchor
$2.47M
Apr 30 2024
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
—
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
$21,090
Tax year 2024
Assessed value
$2,017,335
Assessed 2024
Previous assessed
$2,017,335
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,017,335
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
6.13 ac (267,022 SF)
APN
377-110-045
UPID
US09-3266196
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
6.13 ac
Current owner
From public records · entity-resolved
V22 Investments LLC
Entity
Mailing address
60 NAVESINK AVE, RUMSON, NJ 07760-1919
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$2,470,000
V22 Investments LLC
Camino Del Norte LLC
Grant Deed
—
Oct 12, 2021
—
Camino Del Norte LLC
Carlene Jackson
Grant Deed
—
Sep 22, 2021
$1,939,000
Carlene Jackson
Peninsula Property Holdings LLC
Grant Deed
—
Sep 22, 2021
—
Carlene Jackson
Glenn Edward Jackson JR
Intrafamily Transfer
related
—
Jan 23, 2017
—
Elsinore Valley Municipal Wate
Peninsula Property Holdings Ll
Quit Claim Deed
—
Jun 3, 2016
$504,000
Peninsula Prop Holdings LLC
Beatty,eric P
Grant Deed
—
May 30, 1997
$110,000
James A Gonzales
Mathiue,normand J & Dean R
Grant Deed
related
$60,000 · Individual
Apr 9, 1996
—
Labeda Prop LLC
Mathieu,normand J Etal
Grant Deed
related
—
Mar 20, 1996
$200,000
Mathieu,normand J
Metalimphy Alloys Corp
Trustees Deed
$150,000 · Metalimpny Alloys Corp
Mar 20, 1996
—
Dean R Mathieu
Mathieu,karen S
Quit Claim Deed
related
—
—
—
James Gonzales
—
Deed Of Trust
related
$200,000 · Jason Gonzales
—
—
Eric P Beatty
—
Deed Of Trust
related
$85,000 · Edwards Management Co INC
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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