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Property profile & analytics
OFF-MARKET
Estimated value
$6,660,000
Retail space
29273 Central Ave Lake Elsinore, CA 92532-2254
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2610817
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
WOOD
Total area
11,251 SF
Lot
1.02 ac (44,431 SF)
APN
377-040-041
UPID
US09-2610817
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
-
Marketplace Dental Group and Orthodontics Dental Office
-
Dr. Steven Lynn Dental Office
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Arceneaux Scott M DDS Dental Office
-
Lake Elsinore Market Place Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$6.66M
Owner & transaction history
Jbx Investments LLC · 4 yrs held
Jbx Investments LLC
since 2021
Last sale
$6.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.7M
+126.4%
Commercial (general)
$9.0M
+109.8%
Restaurant
$7.0M
+63.3%
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
Method
Estimation
Statistic approach
$6,580,000
ML approach
$6,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,280,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,685,000
Change: +126% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,975,000
Change: +110% · Conversion: Easy
RESTAURANT
$6,985,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$5,140,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,860,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$6.66M
Range $5.99M – $7.33M · ±10% · vs last sale $6.80M (Jul 22 2021)
Last sale anchor
$6.80M
Jul 22 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
$592 / 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
$73,154
Tax year 2024
Assessed value
$7,074,720
Assessed 2024
Previous assessed
$7,074,720
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$2,080,800
Assessed improvement
$4,993,920
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
11,251 SF
Lot
1.02 ac (44,431 SF)
APN
377-040-041
UPID
US09-2610817
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$9.0M
RESTAURANT
Est. value
$7.0M
OFFICE BUILDING
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Jbx Investments LLC
Entity
Mailing address
PO BOX 235374, ENCINITAS, CA 92023-5374
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$6,800,000
Jbx Investments LLC
Pacific Castle Lake Elsinore Partne
Grant Deed
$4,100,000 · San Diego County Cu
Nov 1, 2018
$44,262,500
Pacific Castle Lake Elsinore Partne
Lake Elsinore Marketplace LLC
Grant Deed
$26,500,000 · Ctbc Bank Corp USA
Sep 6, 2006
—
Lake Elsinore Marketplace LLC
Cambern & Central Invtrs LLC
Grant Deed
$30,000,000 · Axa Equitable Life 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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