Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Strip malls
24710 Washington Ave Murrieta, CA 92562-8204
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-2988116
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
TILT-UP CONCRETE
Total area
13,750 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C/CP
APN
906-101-003
UPID
US09-2988116
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
-
I.E. Biomechanics Gym & Fitness Center
-
Calvary Chapel Hot Springs Church
-
Pro Sound Dj's Nightclub Music Venue
-
Calvary Sunrise Church
-
Skincare by Analisa Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Murrieta Plaza Hd LLC · 13 yrs held
Murrieta Plaza Hd LLC
since 2013
7 recorded transactions
Zoning & alternative use
C/CP · 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
$169 / 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
$14,551
Tax year 2024
Assessed value
$1,240,476
Assessed 2024
Previous assessed
$1,240,476
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$387,128
Assessed improvement
$853,348
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1991
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
13,750 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C/CP
APN
906-101-003
UPID
US09-2988116
Jurisdiction
RIVERSIDE
Zoning & alternative use
C/CP · Murrieta, CA
Zoning C/CP · permitted uses
C/CP · 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
1991
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Murrieta Plaza Hd LLC
Entity
Mailing address
PO BOX 675526, RANCHO SANTA FE, CA 92067-5526
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2013
—
Murrieta Plaza Hd LLC
Covello,charles A
Quit Claim Deed
related
—
Mar 21, 2011
—
Covello,charles A
Covello Family Trust
Quit Claim Deed
related
—
Apr 5, 2010
$50,000
Covello,family Trust
Cendejas,salvadore
Quit Claim Deed
related
—
Apr 5, 2010
—
Cendejas,salvadore
Cendejas,marina
Affidavit Of Death
related
—
Mar 22, 2007
—
Salvadore Cendejas
Covello Family Trust
Quit Claim Deed
related
—
Jun 30, 1993
$850,000
John T Cabral
Guardian Bank
Grant Deed
$680,000 · Guardian Bank
—
—
Charles A Covello
—
Deed Of Trust
related
$517,996 · Covello Family 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 24710 Washington Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
