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Property profile & analytics
OFF-MARKET
Estimated value
$12,850,000
Strip malls
26800 Cherry Hls Blvd Menifee, CA 92586-2505
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3076858
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
WOOD
Total area
15,634 SF
Lot
8.87 ac (386,377 SF)
APN
337-320-016
UPID
US09-3076858
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
$9.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.85M
Owner & transaction history
Cherry Hills Menifee LLC · 5 yrs held
Cherry Hills Menifee LLC
since 2021
Last sale
$13.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.0M
+18.9%
Apartment house (5+ units)
$15.5M
+15.0%
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
$15,280,000
ML approach
$9,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,455,000
Current use
COMMERCIAL (GENERAL)
$16,005,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$15,475,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$12.85M
Range $11.57M – $14.14M · ±10% · vs last sale $13.15M (Feb 26 2021)
Last sale anchor
$13.15M
Feb 26 2021
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
$822 / 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
$156,251
Tax year 2024
Assessed value
$13,684,277
Assessed 2024
Previous assessed
$13,684,277
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$4,510,134
Assessed improvement
$9,174,143
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
15,634 SF
Lot
8.87 ac (386,377 SF)
APN
337-320-016
UPID
US09-3076858
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$16.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
8.87 ac
Current owner
From public records · entity-resolved
Cherry Hills Menifee LLC
Entity
Mailing address
9070 IRVINE CTR DR STE #200, IRVINE, CA 92618-4687
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$13,150,000
Cherry Hills Menifee LLC
Cherry Hills Plaza LLC
Grant Deed
$8,905,000 · Partners Bank Of California
Aug 26, 2015
—
Cherry Hills Plaza LLC
Cherry Hills Plaza LLC
Quit Claim Deed
related
—
Nov 27, 2013
—
Cherry Hills Plaza LLC
Sun City Shopping Center LLC
Quit Claim Deed
related
—
Oct 27, 2009
—
Sun City Shopping Center LLC
County Of Riverside
Grant Deed
—
—
—
Cherry Hills Plaza LLC
—
Deed Of Trust
related
$9,000,000 · Barclays Bk/plc
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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