Property profile

31944 Msn Trl Lake Elsinore, CA 92530

OFF-MARKET
Strip malls
Property ID
US09-2723075
4,000 SF 0.96 ac lot Built 1976
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1976
Construction TILT-UP CONCRETE
Total area 4,000 SF
Lot 0.96 ac (41,817 SF)
Zoning code C1
APN 363-172-010
UPID US09-2723075

Cap rate & NOI

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

Location

31944 Msn Trl Lake Elsinore, CA 92530-4539
Lake Elsinore metro Census 46404 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
$775k
Comparable Approach Comparable
$370k
Blend (final) Blend
$555k

Owner & transaction history

since 2015
6 recorded transactions
2021
Price N/A
2015
$6.8M
2014
Price N/A
2013
Price N/A
2006
Price N/A
2005
Price N/A

Zoning & alternative use

C1 · Lake Elsinore, CA
Zoning description

or conversion of residential structures to commercial/office uses. § 17.116.080 Landscape improvements. § 17.116.090 Parking. § 17.116.100 Signs. § 17.116.110 Design review. § 17.116.120 Design standards. Chapter 17.120…

General category COMMERCIAL

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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