Technical
Financial
Distress signals
Property profile

29263 Central Ave Lake Elsinore, CA 92532

OFF-MARKET
Retail space
Property ID
US09-3282823
7,845 SF 0.8 ac lot Built 2006
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

An established salon business historically operated under the same ownership for approximately 20 years. The operation is located within a shopping plaza at 29263 Central Avenue D, in a commercial setting alongside restaurants, retail shops, and other businesses. The site is near the I-15 Freeway, providing convenient access for local customers and commuters. The transaction historically covered the business only; the real estate was not included.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction WOOD
Total area 7,845 SF
Lot 0.8 ac (34,848 SF)
APN 377-040-032
UPID US09-3282823

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
  • Restaurant
  • Restaurant
  • Spa & Massage Center Skin Care Clinic
  • Tanning Salon

Location

29263 Central Ave Lake Elsinore, CA 92532-2250
Lake Elsinore metro Census 43005 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.56M
Blend (final) Blend
$3.87M

Owner & transaction history

since 2021
Last sale
$4.0M
3 recorded transactions
2021
$4.0M
2018
$44.3M
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $6.3M +109.8%
Restaurant $4.9M +63.3%
Office building $3.6M +20.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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