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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Medical Office Space
24679 Monroe Ave D102 Murrieta, CA 92562-9590
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2499435
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
TILT-UP CONCRETE
Total area
1,279 SF
Zoning code
RC
APN
949-591-008
UPID
US09-2499435
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
-
Jolene C Diez DDS Inc. Dental Office
-
BARRANCA INSURANCE SERVICES INC Insurance Agency
-
Becker Pediatrics Pediatrician Medical Clinic
-
Dr. Ronald P. Becker, MD Pediatrician Medical Clinic
-
Elite Nail & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$445k
Blend (final)
Blend
$620k
Owner & transaction history
Becker,ronald P Trust · 6 yrs held
Becker,ronald P Trust
since 2020
Last sale
$572,500
3 recorded transactions
Zoning & alternative use
RC · Murrieta, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RC zoning district is applied to areas appropriate for major regional centers containing several major anchor tenants, including, but not limited to, financial, hotel, motel, restaurant, smaller retail, theater and accessory uses, with landscaping, parking access, and signs designed and provided in common. Regional centers are generally 30 acres or large…
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
418.45 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$550,000
+7.7%
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
Method
Estimation
Statistic approach
$820,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$515,000
Current use
AUTO REPAIR, GARAGE
$550,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$440,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $573k (Jan 14 2020)
Last sale anchor
$573k
Jan 14 2020
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
$485 / 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
$4,897
Tax year 2024
Assessed value
$372,282
Assessed 2024
Previous assessed
$372,282
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$103,956
Assessed improvement
$268,326
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,279 SF
Zoning code
RC
APN
949-591-008
UPID
US09-2499435
Jurisdiction
RIVERSIDE
Zoning & alternative use
RC · Murrieta, CAZoning RC · permitted uses
RC · Murrieta, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RC zoning district is applied to areas appropriate for major regional centers containing several major anchor tenants, including, but not limited to, financial, hotel, motel, restaurant, smaller retail, theater and accessory uses, with landscaping, parking access, and signs designed and provided in common. Regional centers are generally 30 acres or larger in size
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
418.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$550,000
OFFICE BUILDING
Est. value
$440,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Becker,ronald P Trust
Trust
Free & Clear · 6 yrs held
Mailing address
36026 RAVELLO CT, MURRIETA, CA 92562-4657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
—
Becker,ronald P Trust
Becker Ronald P Trust
Quit Claim Deed
related
—
Aug 8, 2016
—
Becker,ronald P Trust
Becker Ronald P Trust
Quit Claim Deed
related
$289,000 · Cdc Small Busn Fin
Nov 4, 2015
$572,500
Ronald P Becker
Midori Financial LLC
Grant Deed
$279,035 · Altapacific Bank
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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