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Property profile & analytics
OFF-MARKET
Retail residential properties
23960 Norma Dr Canyon Lake, CA 92587-9500
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-2886535
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1940
Construction
WOOD
Total area
2,626 SF
Lot
0.12 ac (5,227 SF)
Zoning code
R1
APN
350-256-010
UPID
US10-2886535
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jason Gonzales
Jason Gonzales
since 2025
7 recorded transactions
Zoning & alternative use
R1 · Canyon Lake, 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 Canyon Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canyon Lake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$3,390
Tax year 2024
Assessed value
$288,426
Assessed 2024
Previous assessed
$288,426
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$48,067
Assessed improvement
$240,359
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
2,626 SF
Lot
0.12 ac (5,227 SF)
Zoning code
R1
APN
350-256-010
UPID
US10-2886535
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Canyon Lake, CA
Zoning R1 · permitted uses
R1 · Canyon Lake, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canyon Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Jason Gonzales
Individual
Mailing address
5057 JADE TER, CHINO HILLS, CA 91709-4908
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2025
$462,500
Jason Gonzales
Mathieu Schmitt
Grant Deed
—
Aug 6, 2025
—
Jason Gonzalez
Bethany Todd
Deed
related
$362,500 · Mathieu Schmitt
May 3, 2019
—
Gu,donna H Trust
Gu,donna H
Quit Claim Deed
related
—
Mar 18, 2014
$250,000
Schmitt,mathieu
Cami Can INC
Grant Deed
$175,000 · Quicken Lns
Mar 31, 2010
$55,000
Cami Can INC
Option One Mtg Loan 2006-3
Grant Deed
—
Apr 20, 2009
$284,108
Option One Mtg Loan 2006-3
Ahmsi Default Svcs INC
Trustees Deed
related
—
Jul 16, 1997
—
Jack Etal Cohen
Sumitomo Bk Ca Etal,
Quit Claim Deed
related
—
Apr 1, 1988
$21,500
Alex Valentine
Unknown
Grant Deed
—
—
—
Alex Valentine
—
Deed Of Trust
related
$80,000 · Westberg Investment Corp
—
—
Cami Can INC
—
Deed Of Trust
related
$75,000 · James & Xiaorong Ciuffo
—
—
Bruce Ross
—
Deed Of Trust
related
$131,250 · Argent Mortgage Co LLC
—
—
Bruce Ross
—
Deed Of Trust
related
$245,000 · Fieldstone Mortgage Co
—
—
Cami Can INC
—
Deed Of Trust
related
$50,000 · Chiechi Trust (pt)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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