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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Retail space
201 Graham Ave Lake Elsinore, CA 92530-3739
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-3824911
Property summary
AI-generated overview
This stunning, two-story, 6,817 square foot free-standing retail building, located at 201 W. Graham Ave. in historic Old Town Lake Elsinore, California (92530), presents a unique investment opportunity. Built in 1887 and extensively renovated in 2019, this Moorish-style architectural gem boasts a rich history and exceptional character. The property sits on a 0.46-acre lot and includes 30 parking spaces. Originally constructed from redwood and built atop an artesian well, the building retains ten ceramic-lined mineral bathrooms, a testament to its unique past. The upper floor has been thoughtfully remodeled into a full apartment with its own bathroom. The building offers scenic views of Old Town Lake Elsinore and the lake itself. Its versatile design lends itself to a variety of commercial uses, including, but not limited to, a bed and breakfast, wedding venue, spa, or office building. The asking price is $1,199,000. The property's APN is 374-172-013. Seller financing may be available. This is a rare chance to own a piece of Lake Elsinore's history and capitalize on its significant potential.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1887
Construction
WOOD
Total area
6,073 SF
Lot
0.46 ac (20,037 SF)
Zoning code
C1
APN
374-172-013
UPID
US09-3824911
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
-
The Crescent Real Estate Agency
-
The Chimes Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$1.11M
Owner & transaction history
The Crescent House 1887 LLC
The Crescent House 1887 LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C1 · Lake Elsinore, CA
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
$955,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,810,000
Current use
WAREHOUSE, STORAGE
$1,795,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.20M (Dec 4 2025)
Last sale anchor
$1.20M
Dec 4 2025
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
$183 / 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
$11,066
Tax year 2024
Assessed value
$1,045,289
Assessed 2024
Previous assessed
$1,045,289
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$212,241
Assessed improvement
$833,048
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1887
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
6,073 SF
Lot
0.46 ac (20,037 SF)
Zoning code
C1
APN
374-172-013
UPID
US09-3824911
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Lake Elsinore, CA
Zoning C1 · permitted uses
C1 · 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
RETAIL STORES Current
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
1887
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
The Crescent House 1887 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
29035 YOSEMITE PL, CANYON LAKE, CA 92587-7800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
$1,200,000
The Crescent House 1887 LLC
Sparta Investment LLC
Grant Deed
—
Jun 2, 2021
$985,000
Sparta Investments LLC
Evgeny Kernes
Grant Deed
—
Jun 2, 2021
—
Vadim Goll
Joanna Goll
Intrafamily Transfer
related
—
Sep 11, 2020
$770,000
Evgeny Kernes
Worldwide Lenders INC (ce)|medley,jill S
Foreclosure
related
—
Feb 11, 2020
—
Escrow Cash Advance LLC
Jill S Medley
Quit Claim Deed
related
—
May 17, 2018
—
Jill S Medley
—
Deed
related
$770,000 · Val-chris Invs
Aug 11, 2017
—
Jill S Medley
Medley,robert W
Quit Claim Deed
related
$150,000 · Private Individual
Feb 10, 2016
$579,000
Robert W Medley
Lambert,edward L & Kathleen J
Grant Deed
$579,000 · Lambert Family Trust (pt)
Jun 29, 2007
—
Edward L Lambert
Gross,daniel J & Helen
Deed In Lieu Of Foreclosure
related
—
Dec 7, 2005
$1,500,000
Daniel J Gross
Lambert,edward L & Kathleen J
Grant Deed
$1,050,000 · Edward L & Kathleen J Lambert
May 17, 2002
$310,000
Edward L Lambert
Watts Trust
Grant Deed
—
Jul 26, 1996
—
Lory O Etal Watts
Watts,lory O Etux
Quit Claim Deed
related
—
—
—
Jill S Medley
—
Deed Of Trust
related
$150,000 · Lowe Trust (pt)
—
—
Jill S Medley
—
Deed Of Trust
related
$770,000 · Val-chris Invs
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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