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Property profile & analytics
OFF-MARKET
Estimated value
$4,425,000
Manufacturing properties
26105 Sherman Rd, Menifee, CA 92585-9249
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2414637
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Total area
15,000 SF
Lot
6.15 ac (267,894 SF)
Zoning code
HI
APN
331-110-018
UPID
US09-2414637
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
$4.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$4.43M
Owner & transaction history
Johnny Withers JR · 1 yrs held
Johnny Withers JR
since 2024
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
HI · Menifee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.5M
+93.6%
Retail stores
$5.0M
+48.4%
Warehouse, storage
$4.4M
+32.5%
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
$4,425,000
ML approach
$4,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,345,000
Current use
AUTO REPAIR, GARAGE
$6,475,000
Change: +94% · Conversion: Easy
RETAIL STORES
$4,965,000
Change: +48% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,430,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$4.43M
Range $3.98M – $4.87M · ±10% · vs last sale $4.43M (Sep 6 2024)
Last sale anchor
$4.43M
Sep 6 2024
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
$295 / 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
$51,634
Tax year 2024
Assessed value
$4,744,490
Assessed 2024
Previous assessed
$4,744,490
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,436,749
Assessed improvement
$3,307,741
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
2006
Heating
NONE
Stories
2
Total area
15,000 SF
Lot
6.15 ac (267,894 SF)
Zoning code
HI
APN
331-110-018
UPID
US09-2414637
Jurisdiction
RIVERSIDE
Zoning & alternative use
HI · Menifee, CA
Zoning HI · permitted uses
HI · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$6.5M
RETAIL STORES
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
Heating
NONE
Stories
2
Lot
6.15 ac
Current owner
From public records · entity-resolved
Johnny Withers JR
Individual
Mailing address
13255 EARLY CRIMSON ST, CORONA, CA 92880-3117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
Johnny Withers JR
Charlette Withers
Intrafamily Transfer
related
—
Mar 10, 2020
$4,425,000
George G Courtney III
Steven Daniel Pokrajac
Grant Deed
$3,097,500 · Manufacturers Bank
Feb 28, 2012
$758,000
Steven D Pokrajac
Citizens Busn Bk
Grant Deed
—
May 24, 2011
$1,104,000
Citizens Busn Bk
Jlm Corp
Trustees Deed
related
—
Apr 26, 2005
—
Romoland Commercial Invtrs
—
Trustees Deed
related
$653,000 · Citizens Business Bank
Apr 14, 2005
—
Romoland Commercial Invtrs
Pagel,carl
Grant Deed
—
May 3, 2004
$210,000
Dorning,tr
Pagel,carl & Rhonda
Grant Deed
$60,000 · Carl & Rhonda Pagel
Dec 6, 2002
$225,000
Carl Pagel
Lange,tr
Grant Deed
—
Aug 17, 1999
$117,500
Robert V Lang
Motte Trust
Grant Deed
—
—
—
Charlette Withers
—
Loan Modification
related
$445,113 · Bank Of America
—
—
Romoland Commercial Invtrs
—
Deed Of Trust
related
$72,767 · Citizens Business Bank
—
—
Romoland Commercial Invtrs
—
Deed Of Trust
related
$90,959 · Citizens Business Bank
—
—
Steven D Pokrajac
—
Deed Of Trust
related
$2,000,000 · Beljak B & T Family Trust (pt)
—
—
Romoland Commercial Invtrs
—
Deed Of Trust
related
$748,000 · Enterprise Funding
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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