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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Grocery and convenience stores
217 Main St Lake Elsinore, CA 92530-4011
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0586531
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1973
Construction
TILT-UP CONCRETE
Total area
16,896 SF
Lot
1.42 ac (61,855 SF)
Zoning code
C1
APN
374-164-005
UPID
US09-0586531
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
-
El Rancho Market Grocery & Convenience Store Food Market
-
Angie's fashion Department Store
-
Metro by T-Mobile Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.01M
Owner & transaction history
Ziad Haifa
Ziad Haifa
since 2026
7 recorded transactions
Zoning & alternative use
C1 · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
or conversion of residential structures to commercial/office uses. § 17.116.080 Landscape improvements. § 17.116.090 Parking. § 17.116.100 Signs. § 17.116.110 Design review. § 17.116.120 Design standards. Chapter 17.120 C-1 NEIGHBORHOOD COMMERCIAL DISTRICT § 17.120.010 Purpose. § 17.120.020 Permitted uses. § 17.120.030 Uses subject to a conditional use permi…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
101.12 ac
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±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
$119 / 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
$12,708
Tax year 2024
Assessed value
$1,144,394
Assessed 2024
Previous assessed
$1,144,394
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$412,391
Assessed improvement
$732,003
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1973
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,896 SF
Lot
1.42 ac (61,855 SF)
Zoning code
C1
APN
374-164-005
UPID
US09-0586531
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Lake Elsinore, CAZoning 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
Zoning description
or conversion of residential structures to commercial/office uses. § 17.116.080 Landscape improvements. § 17.116.090 Parking. § 17.116.100 Signs. § 17.116.110 Design review. § 17.116.120 Design standards. Chapter 17.120 C-1 NEIGHBORHOOD COMMERCIAL DISTRICT § 17.120.010 Purpose. § 17.120.020 Permitted uses. § 17.120.030 Uses subject to a conditional use permit. § 17.120.040 Site criteria. § 17.120.050 Setbacks. § 17.120.060 Building height.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
101.12 ac
Building & site characteristics
From public records
Year built
1973
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Ziad Haifa
Individual
Mailing address
5485 WOODSIDE PL, RANCHO CUCAMONGA, CA 91737-6840
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Ziad Haifa
Francisca Haifa
Deed
related
$2,000,000 · Bank Of Whittier NA
May 5, 2021
—
Irz Investments LLC
Lyad Haifa
Grant Deed
—
Feb 1, 2021
—
Iyad Haifa
Haifa Ata
Intrafamily Transfer
related
—
Apr 17, 2015
$750,000
Ata Haifa
Ibarra Ramon & Jose
Grant Deed
$690,600 · American Securities
Apr 17, 2015
—
Ata Haifa
Haifa Faizeh
Quit Claim Deed
related
—
Jul 15, 2002
$575,000
Ramon Ibarra
Elsinore Naval & Military Sch
Grant Deed
$287,500 · Wells Fargo Bank
Jul 9, 1997
$335,000
Elsinore Naval
Peterson,mark R & Kathleen M
Trustees Deed
—
Jul 31, 1995
$395,000
Peterson Trust
Elsinore Naval & Military Scho
Grant Deed
$370,000 · Seller
—
—
Ramon Ibarra
—
Deed Of Trust
related
$238,000 · Cdc Small Business Finance Co
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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