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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Manufacturing properties
31889 Corydon St Ste 160 Lake Elsinore, CA 92530-8510
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1993604
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Construction
TILT-UP CONCRETE
Total area
4,350 SF
Lot
0.08 ac (3,407 SF)
Zoning code
W-1
APN
370-031-006
UPID
US09-1993604
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
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Steven H Hilz · 1 yrs held
Steven H Hilz
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
W-1 · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+151.6%
Auto repair, garage
$1.9M
+137.8%
Retail stores
$1.3M
+64.0%
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 Lake Elsinore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elsinore 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
$1,195,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$790,000
Current use
OFFICE BUILDING
$1,985,000
Change: +152% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,880,000
Change: +138% · Conversion: Easy
RETAIL STORES
$1,295,000
Change: +64% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,285,000
Change: +63% · Conversion: Easy
MEDICAL BUILDING
$1,190,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.20M (Sep 6 2024)
Last sale anchor
$1.20M
Sep 6 2024
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
$275 / 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
$5,439
Tax year 2024
Assessed value
$522,258
Assessed 2024
Previous assessed
$522,258
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$58,026
Assessed improvement
$464,232
Applied tax rate
5.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
4,350 SF
Lot
0.08 ac (3,407 SF)
Zoning code
W-1
APN
370-031-006
UPID
US09-1993604
Jurisdiction
RIVERSIDE
Zoning & alternative use
W-1 · Lake Elsinore, CA
Zoning W-1 · permitted uses
W-1 · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Elsinore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$790,000
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Steven H Hilz
Individual
Free & Clear · 1 yrs held
Mailing address
30284 CLEAR WATER DR, CANYON LAKE, CA 92587-7457
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$1,196,500
Steven H Hilz
Barry Family Holdings LLC
Grant Deed
—
Jul 2, 2024
—
Barry Family Holdings LLC
Clint Barry
Intrafamily Transfer
related
—
Jun 13, 2016
—
Barry Trust
Barry,clint & Georgeanna L
Quit Claim Deed
related
—
Apr 29, 2016
$450,000
Clint Barry
Manske Trust
Grant Deed
$400,000 · Manske Trust (rt)
Jun 15, 2012
$447,000
Manske Trust
Bank Of America NA
Grant Deed
—
Jan 14, 2011
$829,071
Bank Of America NA
Old Republic Title Co
Trustees Deed
related
—
Dec 21, 2006
—
Grant Langston
Langston,chelsey
Quit Claim Deed
related
—
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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