Property profile

31796 Casino Dr M Lake Elsinore, CA 92530

FOR LEASE
Strip malls
Property ID
US09-3224684
11,299 SF 0.91 ac lot Built 1991
Entity Owned 29-yr Hold Absentee Owner Free & Clear
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For Lease
Contact for pricing 1,157 SF available
31796 Casino Dr,Unit M, Lake Elsinore, CA 92530
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Property summary

AI-generated overview

This exceptional 1,157-square-foot retail space is ideally situated at 31796 Casino Drive, Unit M, in Riverside County. The single-tenant property offers excellent visibility from Casino Drive and boasts strong demographics and traffic counts, making it an attractive opportunity for a variety of businesses. The asking rate is $1.18 per square foot. The property's convenient location provides easy access to Diamond Drive and Interstate 15, ensuring high traffic flow and accessibility for customers. This location offers significant advantages for businesses seeking high visibility and convenient access to major transportation arteries. The property is classified as both retail and land, presenting a unique opportunity for a business seeking a prominent location with potential for expansion or development. The single-suite layout provides a streamlined and efficient space, ideal for a variety of retail or office uses. The property's prominent location on Casino Drive ensures maximum exposure to potential customers, while its proximity to I-15 guarantees easy access for both employees and customers. This is a rare opportunity to secure a high-visibility retail space in a thriving area with excellent transportation links. The property's size and location make it suitable for a range of businesses seeking a strong presence in a high-traffic area. Serious inquiries are encouraged.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Construction WOOD
Total area 11,299 SF
Lot 0.91 ac (39,639 SF)
Zoning code R106
APN 363-171-018
UPID US09-3224684

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Tattoo & Piercing Shop
  • (Bike/Boat/Book/etc) Store Pharmacy
  • Electronics & Wireless Store Computer & Electronic Repair
  • Pet Grooming Service

Location

31796 Casino Dr, Unit M Lake Elsinore, CA 92530
Lake Elsinore metro Census 46404 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 1997
2 recorded transactions
1997
$1.0M
1988
$1.2M

Zoning & alternative use

R106 · Lake Elsinore, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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