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Property profile & analytics
OFF-MARKET
Warehouses
28497 Hwy 74 Lake Elsinore, CA 92532-2262
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2910962
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
TILT-UP CONCRETE
Total area
12,735 SF
Lot
5.73 ac (249,598 SF)
Zoning code
MSC
APN
347-100-023
UPID
US09-2910962
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
Current use
Occupant on record · Public records
-
Lowest Rate Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Prime Storage Lake Elsinore LLC · 3 yrs held
Prime Storage Lake Elsinore LLC
since 2023
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
MSC · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lake Elsinore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elsinore 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$168,191
Tax year 2024
Assessed value
$16,320,000
Assessed 2024
Previous assessed
$16,320,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,326,000
Assessed improvement
$14,994,000
Applied tax rate
65.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
7
Total area
12,735 SF
Lot
5.73 ac (249,598 SF)
Zoning code
MSC
APN
347-100-023
UPID
US09-2910962
Jurisdiction
RIVERSIDE
Zoning & alternative use
MSC · Lake Elsinore, CA
Zoning MSC · permitted uses
MSC · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Elsinore. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
7
Lot
5.73 ac
Current owner
From public records · entity-resolved
Prime Storage Lake Elsinore LLC
Entity
Mailing address
85 RAILROAD PL, SARATOGA SPRINGS, NY 12866-2124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Prime Storage Lake Elsinore LLC
—
Deed
related
$479,000,000 · Goldman Sachs Bank USA
Dec 13, 2023
—
Prime Storage Lake Elsinore LLC
—
Deed
related
$750,000,000 · Citibank NA
Apr 28, 2023
$15,000,000
Prime Storage Lake Elsinore LLC
Thomas O'donnell
Grant Deed
—
Apr 18, 2023
—
Thomas O'donnell
Thomas O'donnell
Intrafamily Transfer
related
—
Aug 29, 2019
—
Elsinore Storage LLC
—
Deed
related
$6,200,000 · Morgan Stanley Bank NA
Sep 21, 2018
—
Elsinore Storage LLC
—
Trustees Deed
related
$276,000 · El Cirio INC
Nov 15, 2016
—
Elsinore Valley Municipal Wate
Elsinone Stonage LLC
Quit Claim Deed
—
Oct 5, 2016
—
Elsinore Storage LLC
—
Deed
related
$5,000,000 · Live Oak Bkg
Jan 14, 2016
—
Elsinore Storage LLC
Krall,donald J
Quit Claim Deed
—
Oct 6, 2015
—
Ivan L Fortin JR
Corwin,allison M
Quit Claim Deed
related
—
Dec 19, 2014
—
Ivan L Fortin JR
Fortin,rose M
Quit Claim Deed
related
—
—
—
Elsinore Storage LLC
—
Deed Of Trust
related
$5,000,000 · Live Oak Bkg
—
—
Elsinore Storage LLC
—
Deed Of Trust
related
$200,000 · Joseph JR Cservak
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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