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Property profile & analytics
OFF-MARKET
Estimated value
$5,055,000
Individual retail properties
29700 Bradley Rd Menifee, CA 92586-6519
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3091371
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2006
Construction
WOOD
Total area
22,914 SF
Lot
2.24 ac (97,574 SF)
Zoning code
R1
APN
336-180-006
UPID
US09-3091371
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
$5.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.06M
Owner & transaction history
Fitness Express 24 7 INC · 3 yrs held
Fitness Express 24 7 INC
since 2022
Last sale
$4.9M
6 recorded transactions
Zoning & alternative use
R1 · Menifee, 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 Menifee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menifee 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
$5,115,000
ML approach
$5,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,150,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,220,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,425,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,360,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,120,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$3,395,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,035,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.06M
Range $4.55M – $5.56M · ±10% · vs last sale $4.90M (Dec 21 2022)
Last sale anchor
$4.90M
Dec 21 2022
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
$221 / 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
$57,171
Tax year 2024
Assessed value
$4,998,000
Assessed 2024
Previous assessed
$4,998,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,989,000
Assessed improvement
$3,009,000
Applied tax rate
26.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
22,914 SF
Lot
2.24 ac (97,574 SF)
Zoning code
R1
APN
336-180-006
UPID
US09-3091371
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Menifee, CA
Zoning R1 · permitted uses
R1 · Menifee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menifee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$8.2M
WAREHOUSE, STORAGE
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.4M
RESTAURANT
Est. value
$3.0M
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
2
Lot
2.24 ac
Current owner
From public records · entity-resolved
Fitness Express 24 7 INC
Entity
Mailing address
30870 BURNING TREE DR, CANYON LAKE, CA 92587-7503
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
Dec 21, 2022
—
Fitness Express 24 7 INC
Cba Holdings LLC
Lease
$1,759,000 · Ampac Trl State Cdc INC
Dec 21, 2022
$4,900,000
Cba Holdings LLC
John Lee Walker
Grant Deed
$2,450,000 · First Citizens Bank & Trust Co
Jul 26, 2005
—
Walker Trust
—
Trustees Deed
related
$2,610,000 · Community National Bank
Mar 4, 2002
$439,000
Walker Trust
Thomas M Pegg Estate
Grant Deed
$314,000 · Thomas M Pegg Estate
May 19, 1998
—
Currie
Currie,& Walker
Quit Claim Deed
related
—
—
—
Walker Living Trust
—
Deed Of Trust
related
$1,439,000 · Cdc Small Business Finance 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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