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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Banks
24716 Madison Ave Murrieta, CA 92562-9726
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3189901
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2006
Construction
WOOD
Total area
4,126 SF
Lot
0.67 ac (29,185 SF)
APN
949-210-089
UPID
US10-3189901
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
-
California Coast Credit Union Murrieta Branch Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$2.80M
Owner & transaction history
Todd I Schiffman · 3 yrs held
Todd I Schiffman
since 2022
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+94.1%
Neighborhood: shopping center
$3.6M
+63.2%
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
$2,675,000
ML approach
$2,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,175,000
Current use
COMMERCIAL (GENERAL)
$4,225,000
Change: +94% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,550,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,780,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $2.82M (Dec 9 2022)
Last sale anchor
$2.82M
Dec 9 2022
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
$677 / 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
$32,096
Tax year 2024
Assessed value
$2,874,359
Assessed 2024
Previous assessed
$2,874,359
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$883,805
Assessed improvement
$1,990,554
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,126 SF
Lot
0.67 ac (29,185 SF)
APN
949-210-089
UPID
US10-3189901
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$1.8M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Todd I Schiffman
Individual
Free & Clear · 3 yrs held
Mailing address
9229 W SUNSET BLVD STE #501, WEST HOLLYWOOD, CA 90069-3405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
$2,818,000
Todd I Schiffman
William H Adams
Grant Deed
—
Jul 6, 2021
$4,400,000
William H Adams
Southern California Hit Ent INC
Grant Deed
$2,000,000 · Partners Bank Of California
Apr 24, 2020
—
Southern California Int Ent
—
Deed
related
$13,200,000 · Citizens Busn Bk
Sep 29, 2006
$5,688,000
Southern Ca Int Ent INC
Juniper Street Land Ptrs LLC
Grant Deed
$1,225,000 · Juniper Street Land Ptrs LLC
Apr 29, 2005
$2,085,000
Juniper Street Land Ptrs LLC
Arizona Tile Supply INC
Grant Deed
$2,650,000 · First State Bank California
—
—
Southern California Int Ent
—
Deed Of Trust
related
$13,200,000 · Citizens Busn Bk
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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