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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Retail space
31910 Msn Trl Lake Elsinore, CA 92530-4539
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3020011
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
TILT-UP CONCRETE
Total area
8,400 SF
Lot
0.78 ac (33,976 SF)
Zoning code
CMU
APN
363-172-021
UPID
US09-3020011
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
Current use
Occupant on record · Public records
-
Storybook Preschool High School
-
Mission Trail Plaza Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.43M
Owner & transaction history
Cornerstone Community Church Of Wil
Cornerstone Community Church Of Wil
since 2026
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
CMU · Lake Elsinore, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,005,000
6.5%
$1,850,000
7%
$1,720,000
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.50M (Jan 13 2026)
Last sale anchor
$1.50M
Jan 13 2026
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
$170 / 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
$9,880
Tax year 2024
Assessed value
$928,462
Assessed 2024
Previous assessed
$928,462
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$272,734
Assessed improvement
$655,728
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,400 SF
Lot
0.78 ac (33,976 SF)
Zoning code
CMU
APN
363-172-021
UPID
US09-3020011
Jurisdiction
RIVERSIDE
Zoning & alternative use
CMU · Lake Elsinore, CA
Zoning CMU · permitted uses
CMU · 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.
Building & site characteristics
From public records
Year built
1978
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Cornerstone Community Church Of Wil
Entity
Mailing address
38142 STONE MDW DR, MURRIETA, CA 92562-3025
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 13, 2026
$1,500,000
Cornerstone Community Church Of Wil
Sotrybook Preschool Of Lake Elsinor
Grant Deed
$800,000 · Story Preschool Of Lake Elsinore Ll
Nov 5, 2024
—
Storybook Preschool Of Lake Elsinor
Ronald Eugene Armstrong
Grant Deed
—
Mar 7, 2017
—
Ronald E Armstrong
—
Deed
related
$398,000 · Cdc Small Busn Fin
May 19, 2016
$840,000
Ronald E Armstrong
Gibson Girls Properties LLC
Grant Deed
$580,000 · Bank Of Sthrn Ca
Oct 5, 2005
$1,010,000
Gibson Girls Properties LLC
Mission Trail Plaza LLC
Grant Deed
$1,000,000 · Comerica Bank
—
—
Ronald E Armstrong
—
Deed Of Trust
related
$398,000 · Cdc Small Busn Fin
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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