Technical
Financial
Distress signals
Property profile

18975 Mermack Ave Lake Elsinore, CA 92532

OFF-MARKET
Manufacturing properties
Property ID
US10-2136688
24,000 SF 9.49 ac lot Built 1983
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1983
Total area 24,000 SF
Lot 9.49 ac (413,384 SF)
Zoning code M-SC
APN 347-140-068
UPID US10-2136688

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer

Location

18975 Mermack Ave Lake Elsinore, CA 92532-2257
Lake Elsinore metro Census 43005 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.58M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.76M
Blend (final) Blend
$10.40M

Owner & transaction history

since 2023
Last sale
$9.5M
7 recorded transactions
2023
$9.5M
2015
Price N/A
2015
$2,200
2008
$1.3M
2007
Price N/A
2005
Price N/A
2005
$1.9M

Zoning & alternative use

M-SC · Lake Elsinore, CA
Top alternative use upside
Office building $11.0M +149.5%
Auto repair, garage $10.4M +135.9%
Retail stores $9.1M +107.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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