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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Industrial properties
26549 Palomar Rd Menifee, CA 92585
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3029793
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
WOOD
Total area
1,344 SF
Lot
5.24 ac (228,254 SF)
Zoning code
RR
APN
331-210-013
UPID
US10-3029793
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
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Riverside Cnty Flood Control & Wate · 2 yrs held
Riverside Cnty Flood Control & Wate
since 2024
Last sale
$795,000
7 recorded transactions
Zoning & alternative use
RR · Menifee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+286.0%
Auto repair, garage
$580,000
+93.6%
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
$795,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,155,000
Change: +286% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: +94% · Conversion: Easy
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $795k (May 14 2024)
Last sale anchor
$795k
May 14 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
$592 / 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
$9,097
Tax year 2024
Assessed value
$827,118
Assessed 2024
Previous assessed
$827,118
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$780,300
Assessed improvement
$46,818
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,344 SF
Lot
5.24 ac (228,254 SF)
Zoning code
RR
APN
331-210-013
UPID
US10-3029793
Jurisdiction
RIVERSIDE
Zoning & alternative use
RR · Menifee, CA
Zoning RR · permitted uses
RR · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$580,000
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
1980
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5.24 ac
Current owner
From public records · entity-resolved
Riverside Cnty Flood Control & Wate
Individual
Free & Clear · 2 yrs held
Mailing address
1995 MARKET ST #9, RIVERSIDE, CA 92501-1719
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
—
Riverside Cnty Flood Control & Wate
Norman J Mathieu
Intrafamily Transfer
related
—
Jun 23, 2022
$795,000
Ssa Re I LLC
Normand J Mathieu
Grant Deed
—
Mar 8, 2017
—
Mathieu,normand J Living Trust
—
Deed
related
$200,000 · Jeane H Sawa
Jan 7, 2010
—
Mathieu N J 2010 Living Trust
Mathieu N J Living Trust
Quit Claim Deed
related
—
Jun 17, 2003
$380,500
Mathieu,tr
Patterson,tr
Grant Deed
$285,000 · Patterson Trust
Mar 28, 2001
—
Robert Etal Patterson
Patterson Robert G Etux
Quit Claim Deed
related
—
Jun 1, 1990
$2,117,500
Ralph R Neilson
First American F
Grant Deed
—
Jun 1, 1989
$90,000
Robert Patterson
Gonzales Helen T
Grant Deed
$90,000 · Gonzales Helen T
—
—
Robert Patterson
—
Deed Of Trust
related
—
—
—
Mathieu Normand J Living Trust
—
Deed Of Trust
related
$217,697 · Patterson Family Trust (pt)
—
—
Mathieu,normand J Living Trust
—
Deed Of Trust
related
$200,000 · Jeane H Sawa
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
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