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Property profile & analytics
OFF-MARKET
Turn key restaurants
24660 Madison Ave Murrieta, CA 92562-9723
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0079615
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Construction
WOOD
Total area
1,566 SF
Lot
1.08 ac (47,044 SF)
Zoning code
CPS
APN
949-600-002
UPID
US09-0079615
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
-
Southern California Escrow Bank Loan Service
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
Madison Murrieta Partners LLC · 16 yrs held
Madison Murrieta Partners LLC
since 2009
7 recorded transactions
Zoning & alternative use
CPS · Murrieta, 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 Murrieta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murrieta 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
$21,248
Tax year 2024
Assessed value
$1,853,283
Assessed 2024
Previous assessed
$1,853,283
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$869,011
Assessed improvement
$984,272
Applied tax rate
24.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
1,566 SF
Lot
1.08 ac (47,044 SF)
Zoning code
CPS
APN
949-600-002
UPID
US09-0079615
Jurisdiction
RIVERSIDE
Zoning & alternative use
CPS · Murrieta, CA
Zoning CPS · permitted uses
CPS · Murrieta, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murrieta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Madison Murrieta Partners LLC
Entity
Mailing address
8440 ALLISON POINTE BLVD STE #300, INDIANAPOLIS, IN 46250-4202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2009
$455,000
Madison Murrieta Partners LLC
Bles Ents INC
Grant Deed
—
Aug 16, 2006
$2,700,000
Bles Enterprises INC
Robin Jay Augustine
Grant Deed
$1,386,000 · Bank Of The West
Jun 14, 2001
—
Morse Ois J Etal
Morse Lois J
Quit Claim Deed
related
—
Mar 15, 2001
$650,000
Lois J Morse
Jand INC Pst
Grant Deed
—
—
—
Robin J Augustine
—
Deed Of Trust
related
$474,000 · Cdc Small Business Finance Co
—
—
Lola J Morse
—
Deed Of Trust
related
$900,000 · Borrego Springs Bank
—
—
Bles Ents INC
—
Deed Of Trust
related
$1,110,000 · Cdc Small Business Finance Co
—
—
Bles Ents INC
—
Deed Of Trust
related
$340,000 · Key Auto Sales 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.
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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