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Property profile & analytics
OFF-MARKET
Estimated value
$10,555,000
Warehouses
27437 Murrieta Rd, Menifee, CA 92585-9440
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1209124
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Staxup Storage Menifee LP · 4 yrs held
Staxup Storage Menifee LP
since 2021
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
CICP · Menifee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.8M
+12.0%
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
by Request
ML approach
$10,530,000
CAP Approach
CAP Return
Estimation
6%
$7,155,000
6.5%
$6,605,000
7%
$6,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,355,000
Current use
RETAIL STORES
$13,835,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$11,430,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$10.56M
Range $9.50M – $11.61M · ±10% · vs last sale $8.60M (Aug 19 2021)
Last sale anchor
$8.60M
Aug 19 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
$252 / 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
$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
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
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, CA
Zoning CICP · permitted uses
CICP · 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
WAREHOUSE, STORAGE Current
Est. value
$12.4M
RETAIL STORES
Est. value
$13.8M
MEDICAL BUILDING
Est. value
$11.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Staxup Storage Menifee LP
Entity
Mailing address
2055 3RD AVE STE #200, SAN DIEGO, CA 92101-2058
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
$8,600,000
Staxup Storage Menifee LP
Rkt Investments LLC
Grant Deed
$3,250,000 · Citibank NA
Sep 6, 2019
—
Rht Investments LLC
Las Brisas Investments LLC
Grant Deed
$3,250,000 · Keybank USA
Mar 19, 2019
$217,500
Jj Engineers INC
Cgw Investments LLC
Grant Deed
—
Nov 5, 2010
—
Rht Investments INC
U Store It LP
Grant Deed
$1,550,000 · Desert Commercial Bank
Dec 18, 2009
—
U Store It LP
Acquiport Amsdell III LLC
Grant Deed
—
Oct 13, 2000
—
Acquiport/amsdell III LLC
—
Deed Of Trust
related
$70,000,000 · Lehman Capital Corp
Jan 8, 1998
—
Acquiport/amsdell I LP
Valk,donald L
Trustees Deed
$75,000,000 · Lehman Capital Corp
—
—
Donald L Valk
—
Deed Of Trust
related
$820,000 · Pomona First Federal S & L
—
—
Rht Investments INC
—
Deed Of Trust
related
$1,113,000 · Enterprise Funding
—
—
Rht Investments INC
—
Deed Of Trust
related
$1,566,500 · Commerce 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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