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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
31534 Railroad Cyn Rd Canyon Lake, CA 92587-9436
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3799711
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
2,208 SF
Lot
0.11 ac (4,791 SF)
Zoning code
RR
APN
355-330-032
UPID
US09-3799711
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
$545k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$595k
Owner & transaction history
Steven D Holmstrom · 1 yrs held
Steven D Holmstrom
since 2025
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
RR · Canyon Lake, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$955,000
+58.9%
Retail stores
$730,000
+21.7%
Warehouse, storage
$650,000
+8.7%
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 Canyon Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canyon Lake 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
$565,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Current use
AUTO REPAIR, GARAGE
$955,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +22% · Conversion: Moderate
WAREHOUSE, STORAGE
$650,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$605,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $650k (Mar 19 2025)
Last sale anchor
$650k
Mar 19 2025
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
$269 / 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
$7,352
Tax year 2024
Assessed value
$710,865
Assessed 2024
Previous assessed
$710,865
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$76,553
Assessed improvement
$634,312
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1989
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
2,208 SF
Lot
0.11 ac (4,791 SF)
Zoning code
RR
APN
355-330-032
UPID
US09-3799711
Jurisdiction
RIVERSIDE
Zoning & alternative use
RR · Canyon Lake, CA
Zoning RR · permitted uses
RR · Canyon Lake, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canyon Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$955,000
RETAIL STORES
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$650,000
MEDICAL BUILDING
Est. value
$605,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL 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
1989
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Steven D Holmstrom
Individual
Mailing address
35953 DARCY PL, MURRIETA, CA 92562-4562
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Steven D Holmstrom
Steven Holmstrom
Deed
related
—
Nov 1, 2018
$650,000
Steven Holmstrom
Ballew Trust
Grant Deed
$585,000 · Ballew Family Trust (pt)
Apr 10, 2007
—
Ballew Family Trust
Ballew,harold W & Christine M
Quit Claim Deed
related
—
Jul 20, 2001
$375,000
Harold W Ballew
Sayers Trust
Grant Deed
$210,000 · Guaranty Bank
Sep 1, 1989
$400,000
Sayers Robert E
S I Financial
Trustees Deed
—
Sep 1, 1989
—
T&c Exchange Acc
Haupert Larry R
Trustees Deed
related
—
Mar 1, 1989
—
Ray Owen
Haupert Larry R
Quit Claim Deed
related
—
Nov 1, 1988
—
Larry R Haupert
—
Deed Of Trust
related
$217,000 · Community Bank NA
Sep 1, 1988
$50,000
Larry R Haupert
Canyon Village
Trustees Deed
$217,000 · Western Communities
Sep 1, 1988
$52,000
Larry R Haupert
Schuessler Willi
Trustees Deed
—
—
—
Robert E Sayers
—
Deed Of Trust
related
$217,000 · Bank Of Hemet
—
—
Harold W Ballew
—
Deed Of Trust
related
$251,036 · Guaranty Bank
—
—
Ballew Family Trust
—
Deed Of Trust
related
$150,000 · Keil Earl L Trust (pt)
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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