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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    31944 Msn Trl Lake Elsinore, CA 92530-4539

    • Strip malls
    • 4,000 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    9.7%
    Strip malls
    Location Intelligence
    Property ID
    US09-2723075
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 31944 Msn Trl

    Year built
    1976
    Construction
    TILT-UP CONCRETE
    Lot size
    0.96 lot acres
    Property size
    4,000 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    363-172-010
    APU
    363172010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $840,000
      6.5%
      $775,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $370,000
      Market price range: $172k - $370k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.296
    Latitude
    33.6566
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $25,067
    $580,291
    $1,816,314
    $2,396,605
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $495,000
      5,350 SF

      2497 Lakeshore Dr

      SHOPPING CENTER, STRIP CENTER • 5,350 SF
      2497 Lakeshore Dr, Lake Elsinore, CA 92530-4437
      View Details
    • Value Estimation
      $495,000
      9,568 SF

      31750 Casino Dr

      SHOPPING CENTER, STRIP CENTER • 9,568 SF
      31750 Casino Dr, Lake Elsinore, CA 92530
      View Details
    • Value Estimation
      $700,000
      7,581 SF

      31712 Casino Dr

      SHOPPING CENTER, STRIP CENTER • 7,581 SF
      31712 Casino Dr, Lake Elsinore, CA 92530-4547
      View Details
    • Value Estimation
      $555,000
      7,173 SF

      17955 Collier Ave

      SHOPPING CENTER, STRIP CENTER • 7,173 SF
      17955 Collier Ave, Lake Elsinore, CA 92530-2623
      View Details
    • Value Estimation
      $330,000
      7,800 SF

      32291 Msn Trl

      SHOPPING CENTER, STRIP CENTER • 7,800 SF
      32291 Msn Trl, Lake Elsinore, CA 92530-2310
      View Details
    • Value Estimation
      $695,000
      14,026 SF

      32245 Msn Trl

      SHOPPING CENTER, STRIP CENTER • 14,026 SF
      32245 Msn Trl, Lake Elsinore, CA 92530-4594
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      318,841 SF

      Lake Elsinore Retail Redevelopment

      47-acre I-15 freeway site, high potential.
      17600 Collier Ave, Lake Elsinore, CA 92530
      View Details
    • $1,200,000

      Auto Center Drive Dealership Opportunity

      Approved CUP, plans for showroom, 134 parking spaces.
      Auto Center Dr, Lake Elsinore, CA 92530
      View Details
    • $1,390,000
      6,183 SF

      Freestanding Commercial Building with Drive-Thru

      Versatile commercial building in high-traffic location, suitable for various uses.
      2495 E Lakeshore Dr, Lake Elsinore, CA 92530
      View Details
    • $399,000

      Lakeland Village Commercial Retail Space

      Retail space in high-traffic Lakeland Village commercial district.
      17703 Grand Ave, Lake Elsinore, CA 92530
      View Details
    • $740,000
      3,200 SF

      Lake Elsinore Retail Opportunity

      Commercial property with open interior in historic Lake Elsinore.
      119 W Peck St, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing

      Lake Elsinore Development Land

      Build Your Dream Home + ADU
      17635 Sunnyslope Ave, Lake Elsinore, CA 92530
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      108,358 SF

      Retail Space in Neighborhood Center

      Retail spaces available for lease in a neighborhood center.
      29996-29997 Railroad Canyon Rd, Lake Elsinore, CA 92530
      View Details
    • $21 SF/Yr
      18,777 SF

      Heritage Plaza Executive Suites

      Lake Elsinore Office Space Available Now
      31900 Mission Trl, Lake Elsinore, CA 92530
      View Details
    • $18 SF/Yr
      17,200 SF

      Lake Elsinore Retail Center

      Prime Retail Space Available Now
      37412 Casino Dr, Lake Elsinore, CA 92530
      View Details
    • $2.00 SF/Yr
      62,946 SF

      Anchored Retail Center For Lease

      Neighborhood shopping center anchored by Cardenas Market.
      31928-31960 Mission Trl, Lake Elsinore, CA 92530
      View Details
    • $1.50 SF/Yr
      45,925 SF

      Retail and Restaurant Space Available

      In-line retail and restaurant space for rent on Casino Drive.
      31712-31724 Casino Dr, Lake Elsinore, CA 92530
      View Details
    • $14 SF/Yr
      1,157 SF

      Prime Retail Space, Casino Drive

      1,157 SF Retail Space - High Visibility
      31796 Casino Dr, Lake Elsinore, CA 92530
      View Details
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    Lake Elsinore, CA 92530-4539
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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