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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
29798 Haun Rd Ste 308 Menifee, CA 92586-6542
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-4452235
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
TILT-UP CONCRETE
Total area
2,017 SF
Lot
0.04 ac (1,751 SF)
APN
336-381-023
UPID
US09-4452235
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$545k
Owner & transaction history
David C Stanford · 4 yrs held
David C Stanford
since 2021
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$870,000
+58.0%
Retail stores
$665,000
+21.1%
Warehouse, storage
$595,000
+8.1%
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 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
$435,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$550,000
Current use
AUTO REPAIR, GARAGE
$870,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$595,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$550,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $750k (Dec 27 2021)
Last sale anchor
$750k
Dec 27 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
$270 / 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
$9,010
Tax year 2024
Assessed value
$780,300
Assessed 2024
Previous assessed
$780,300
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$104,040
Assessed improvement
$676,260
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Total area
2,017 SF
Lot
0.04 ac (1,751 SF)
APN
336-381-023
UPID
US09-4452235
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
MEDICAL BUILDING Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$870,000
RETAIL STORES
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$595,000
OFFICE BUILDING
Est. value
$550,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
David C Stanford
Individual
Mailing address
29798 HAUN RD, MENIFEE, CA 92586-6541
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$750,000
David C Stanford
William M Kelly
Grant Deed
$637,500 · First Citizens Bank & Trust Co
Jun 15, 2016
—
William M Kelly
William Kelly
Intrafamily Transfer
related
$325,000 · Pacific Premier Bank
Feb 22, 2007
$535,000
William Kelly
Hope Menifee LLC
Grant Deed
—
Dec 1, 2005
$3,216,500
Hope Menifee LLC
Menifee Hub Medical Condo Dev
Grant Deed
related
$3,600,000 · Cathay Bank
—
—
William Kelly
—
Deed Of Trust
related
$1,300,000 · Bank Of Southern California
—
—
Kelly,william M Trust
—
Loan Modification
related
$500,000 · Pacific Premier Bk
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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