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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Office buildings
29400 Rancho California Rd Temecula, CA 92591-5204
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3424192
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
3,414 SF
Lot
0.65 ac (28,314 SF)
Zoning code
C1CP
APN
921-320-062
UPID
US09-3424192
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
-
Karen Brooks Real Estate Agency
-
Lucy Muir Realtor Real Estate Agency
-
CENTURY 21 Preferred Real Estate Agency
-
AKOS Temecula Restaurant Take-out & Catering
-
Rod Ferre, Producer Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
24th Street Holdings LLC · 3 yrs held
24th Street Holdings LLC
since 2023
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
C1CP · Temecula, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+343.8%
Retail stores
$3.0M
+284.9%
Neighborhood: shopping center
$2.9M
+273.1%
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 Temecula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Temecula 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
$2,935,000
ML approach
$2,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,495,000
Change: +344% · Conversion: Easy
RETAIL STORES
$3,030,000
Change: +285% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,940,000
Change: +273% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±10% · vs last sale $3.90M (Apr 21 2023)
Last sale anchor
$3.90M
Apr 21 2023
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
$877 / 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
$44,953
Tax year 2024
Assessed value
$3,978,000
Assessed 2024
Previous assessed
$3,978,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,193,400
Assessed improvement
$2,784,600
Applied tax rate
13.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
3,414 SF
Lot
0.65 ac (28,314 SF)
Zoning code
C1CP
APN
921-320-062
UPID
US09-3424192
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1CP · Temecula, CA
Zoning C1CP · permitted uses
C1CP · Temecula, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Temecula. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
24th Street Holdings LLC
Entity
Mailing address
212 COFFEE RD, BAKERSFIELD, CA 93309-1258
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
24th Street Holdings LLC Lc
—
Deed
related
$3,000,000 · Wells Fargo Bank NA
Apr 21, 2023
$3,900,000
24th Street Holdings LLC
Comi Temecula LLC
Grant Deed
—
Jun 16, 2021
—
Comi Temecula LLC
C21 Temecula LLC
Grant Deed
$1,475,000 · First Citizens Bank & Trust Co
Nov 21, 2017
—
C21 Temecula LLC
—
Deed
related
$1,123,000 · Pacific West Cdc
Nov 1, 2017
—
C21 Temecula LLC
—
Deed
related
$1,107,000 · Pacific W Certified Dev Corp
Oct 3, 2016
—
C21 Temecula LLC
—
Deed
related
$1,344,360 · Plaza Bk
Jul 25, 2016
—
C21 Temecula LLC
—
Deed
related
$1,091,200 · Mercantile Cap
Oct 13, 2015
$1,525,000
C21 Temecula LLC
Ronald L Barbanell Dds
Grant Deed
$1,126,074 · Plaza Bank
Feb 13, 2013
—
Ronald L Barbanell
R L Barbanell INC
Quit Claim Deed
related
—
Apr 19, 2012
$912,500
R L Barbanell INC
Goldberg Family Trust
Grant Deed
—
Apr 22, 2005
$1,100,000
Goldberg Family Trust
Heady Family Trust
Grant Deed
—
—
—
C21 Temecula LLC
—
Deed Of Trust
related
$1,091,200 · Mercantile Cap
—
—
Goldberg Family Trust
—
Deed Of Trust
related
$1,260,000 · Pacific Western Bank
—
—
C21 Temecula LLC
—
Loan Modification
related
$1,344,360 · Plaza Bk
—
—
C21 Temecula LLC
—
Loan Modification
related
$1,123,000 · Pacific West Cdc
—
—
C21 Temecula LLC
—
Deed Of Trust
related
$1,107,000 · Pacific W Certified Dev Corp
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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