Entity Owned Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
TILT-UP CONCRETE
Total area
41,820 SF
Lot
1.97 ac (85,813 SF)
Zoning code
CICP
APN
335-440-024
UPID
US09-1209124
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Storage Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.53M
CAP Approach
CAP
$6.61M
Comparable Approach
Comparable
$14.14M
Blend (final)
Blend
$10.56M
Owner & transaction history
since 2021
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
CICP · Menifee, CA
Top alternative use upside
Retail stores
$13.8M
+12.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.56M
Value range
$9.50M – $11.61M
±10% around blend
Estimated value / SF
$252 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$9.50M
blend $10.56M
$11.61M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
41,820 SF
Lot area
1.97 ac
Year built
1988
Stories
1
APN
335-440-024
Zoning
CICP
Assessed value
$7,178,760
Annual tax
$81,275
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.61M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.16M
@ 6.5% CAP return
$6.61M
@ 7% CAP return
$6.13M
4
Sales comparison
Partial preview
Sales approach indication
$14.14M
Range $8.08M – $19.61M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.56M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 354 sales
$295
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $252/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+12%
vs current-use indication
Warehouse, Storage · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.60M
Move the market yield to see immediate price impact.
Value / SF
$206
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$542k
$10.84M
$7.74M
$6.02M
$602k
$12.04M
$8.60M
$6.69M
$662k
$13.24M
$9.46M
$7.36M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$81,275
Tax year 2024
Assessed value
$7,178,760
Assessed 2024
Previous assessed
$7,178,760
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,336,914
Assessed improvement
$5,841,846
Applied tax rate
26.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Total area
41,820 SF
Lot
1.97 ac (85,813 SF)
Zoning code
CICP
APN
335-440-024
UPID
US09-1209124
Jurisdiction
RIVERSIDE
Zoning & alternative use
CICP · Menifee, CAZoning CICP · permitted uses
CICP · Menifee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Lot
1.97 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CICP
Jurisdiction
Menifee, CA
Recorded code
CICP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CICP in Menifee, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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