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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Manufacturing properties
26035 Palomar Rd Menifee, CA 92585-9710
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-4913780
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Total area
36,110 SF
Lot
1.16 ac (50,529 SF)
Zoning code
M-SC
APN
331-190-031
UPID
US09-4913780
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
$1.99M
Blend (final)
Blend
$3.19M
Owner & transaction history
Jlni LLC · 4 yrs held
Jlni LLC
since 2022
7 recorded transactions
Zoning & alternative use
M-SC · Menifee, 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 Menifee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menifee 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10%
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
$88 / 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
$12,731
Tax year 2024
Assessed value
$1,172,385
Assessed 2024
Previous assessed
$1,172,385
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$206,194
Assessed improvement
$966,191
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
2
Total area
36,110 SF
Lot
1.16 ac (50,529 SF)
Zoning code
M-SC
APN
331-190-031
UPID
US09-4913780
Jurisdiction
RIVERSIDE
Zoning & alternative use
M-SC · Menifee, CA
Zoning M-SC · permitted uses
M-SC · Menifee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menifee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Jlni LLC
Entity
Mailing address
PO BOX 27240, SAN DIEGO, CA 92198-1240
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
—
Jlni LLC
Jimmie P Nelson
Grant Deed
—
Dec 17, 2014
$1,325,000
Nelson Family Trust
L & B Ents LLC
Grant Deed
—
Dec 11, 2003
—
L & B Enterprises LLC
Blais,sandra K
Grant Deed
$1,425,227 · Mission Oaks National Bank
Aug 6, 1999
—
Ira P Etal Eller
Eller,pete
Quit Claim Deed
related
—
Jan 5, 1994
$93,818
Pete Eller
Guirbino,michael
Trustees Deed
—
Oct 1, 1989
$213,500
Bruce Fowler
Gabrych Eugene
Grant Deed
related
—
Aug 1, 1989
$63,000
Gabrych Eugene
Hale Bruce
Grant Deed
related
—
Jun 1, 1988
$73,500
Bruce Hale
Giurbino Michael
Grant Deed
related
$43,500 · Giurbino Michael
—
—
L & B Ents LLC
—
Deed Of Trust
related
$652,000 · Cdc Small Business Finance Co
—
—
L & B Ents LLC
—
Deed Of Trust
related
$633,434 · Mission Oaks National Bank
—
—
L & B Ents LLC
—
Deed Of Trust
related
$791,793 · Mission Oaks National 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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