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Property profile & analytics
OFF-MARKET
Warehouses
29135 Riverside Dr Lake Elsinore, CA 92530-2626
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1665338
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Construction
TILT-UP CONCRETE
Total area
3,300 SF
Lot
3.58 ac (155,944 SF)
Zoning code
R1
APN
377-050-067
UPID
US09-1665338
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
-
Extra Space Storage Storage Facility
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 77 LLC · 6 yrs held
Mhc 77 LLC
since 2020
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
R1 · 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
$68,736
Tax year 2024
Assessed value
$6,529,709
Assessed 2024
Previous assessed
$6,529,709
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,608,302
Assessed improvement
$4,921,407
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
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
19
Total area
3,300 SF
Lot
3.58 ac (155,944 SF)
Zoning code
R1
APN
377-050-067
UPID
US09-1665338
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Lake Elsinore, CA
Zoning 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
Lake Elsinore. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
19
Lot
3.58 ac
Current owner
From public records · entity-resolved
Mhc 77 LLC
Entity
Mailing address
2795 E COTTONWOOD PKWY STE #400, SALT LAKE CITY, UT 84121-7033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
—
Mhc 77 Lake Elsinore Ca LLC
—
Deed
related
$615,000,000 · Citi Real Estate Funding INC
Jan 30, 2020
$6,090,000
Mhc 77 LLC
Self Storage At Lake Elsinore LLC
Grant Deed
$483,831,000 · Jpmorgan Chase Bank NA
Sep 22, 2017
—
Self Storage Of Lake Elsinore LLC
—
Deed
related
$1,100,000 · Bank Of Hope
Apr 14, 2016
$4,600,000
Self Storage Of Lake Elsinore LLC
Secured Dev I
Grant Deed
$2,660,000 · Bbcn Bk
May 7, 2015
—
Secured Dev I
Art Nelson INC
Quit Claim Deed
—
Aug 5, 2010
—
Dev I Secured
Secured Dev I
Quit Claim Deed
related
—
—
—
Dev I Secured
—
Deed Of Trust
related
$394,533 · Pacific Mercantile Bank
—
—
Secured Dev I
—
Loan Modification
related
$395,000 · Pacific Mercantile Bk
—
—
Self Storage Of Lake Elsinore LLC
—
Deed Of Trust
related
$1,100,000 · Bank Of Hope
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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