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Property profile & analytics
OFF-MARKET
Warehouses
29043 El Toro Rd Lake Elsinore, CA 92530
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0579031
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
TILT-UP CONCRETE
Total area
24,079 SF
Lot
1.29 ac (56,192 SF)
Zoning code
R1
APN
377-050-022
UPID
US09-0579031
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mhc 186 Riverside Drive Lake Elsino · 4 yrs held
Mhc 186 Riverside Drive Lake Elsino
since 2022
Last sale
$20.3M
6 recorded transactions
Zoning & alternative use
R1 · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
080 Setbacks. § 17.72.090 Lot coverage. § 17.72.100 Building height. § 17.72.110 Minimum dwelling unit size. § 17.72.120 Parking. § 17.72.130 Signs. § 17.72.140 Design review. § 17.72.150 Design standards. Chapter 17.76 R-1 SINGLE-FAMILY RESIDENTIAL DISTRICT § 17.76.010 Purpose. § 17.76.020 Permitted uses. § 17.76.030 Uses subject to a conditional use permit…
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,091.45 ac
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
$55,895
Tax year 2024
Assessed value
$5,377,826
Assessed 2024
Previous assessed
$5,377,826
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,921,618
Assessed improvement
$3,456,208
Applied tax rate
5.0000
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
2002
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
24,079 SF
Lot
1.29 ac (56,192 SF)
Zoning code
R1
APN
377-050-022
UPID
US09-0579031
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Lake Elsinore, CAZoning R1 · permitted uses
R1 · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
080 Setbacks. § 17.72.090 Lot coverage. § 17.72.100 Building height. § 17.72.110 Minimum dwelling unit size. § 17.72.120 Parking. § 17.72.130 Signs. § 17.72.140 Design review. § 17.72.150 Design standards. Chapter 17.76 R-1 SINGLE-FAMILY RESIDENTIAL DISTRICT § 17.76.010 Purpose. § 17.76.020 Permitted uses. § 17.76.030 Uses subject to a conditional use permit. § 17.76.040 Accessory uses and structures. § 17.76.050 Lots of record. § 17.76.06
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,091.45 ac
Building & site characteristics
From public records
Year built
2002
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Mhc 186 Riverside Drive Lake Elsino
Individual
Mailing address
2795 E COTTONWOOD PKWY STE #400, BRIGHTON, UT 84121-7033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
—
Mhc 186 Riverside Drive Lake Elsino
—
Deed
related
$425,000,000 · Goldman Sachs Bank USA
Jun 2, 2022
$20,300,000
Mhc 186 Riverside Drive Lake Elsino
Terrance K Barry
Grant Deed
$250,000,000 · Goldman Sachs Bank USA
Jul 8, 2021
—
Terrance K Barry
Lake Elsinore Self Storage LLC
Grant Deed
$2,450,000 · First Western Trust Bank
Mar 15, 2001
$160,000
Lake Elsinore Self Storage LLC
Red Top Gas INC
Grant Deed
—
—
—
Lake Elsinore Self Storage LLC
—
Deed Of Trust
related
$3,500,000 · Wells Fargo Bank
—
—
Lake Elsinore Self Storage LLC
—
Deed Of Trust
related
$2,700,000 · Miscellaneous Ins Co
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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