Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Manufacturing properties
31945 Corydon St Lake Elsinore, CA 92530-8524
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-0651834
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Construction
TILT-UP CONCRETE
Total area
8,633 SF
Lot
2.19 ac (95,396 SF)
Zoning code
M1
APN
370-080-026
UPID
US09-0651834
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
$1.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$1.88M
Owner & transaction history
Corydon Le LLC · 2 yrs held
Corydon Le LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
M1 · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.6M
+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
$1,915,000
ML approach
$1,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,565,000
Current use
RETAIL STORES
$2,570,000
Change: +64% · Conversion: Moderate
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $1.75M (Jul 26 2023)
Last sale anchor
$1.75M
Jul 26 2023
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
$218 / 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
$65,427
Tax year 2024
Assessed value
$6,280,000
Assessed 2024
Previous assessed
$6,280,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$955,000
Assessed improvement
$5,325,000
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
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
3
Total area
8,633 SF
Lot
2.19 ac (95,396 SF)
Zoning code
M1
APN
370-080-026
UPID
US09-0651834
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Lake Elsinore, CA
Zoning M1 · permitted uses
M1 · 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
$1.6M
RETAIL STORES
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
2.19 ac
Current owner
From public records · entity-resolved
Corydon Le LLC
Entity
Free & Clear · 2 yrs held
Mailing address
31945 CORYDON ST, LAKE ELSINORE, CA 92530-8524
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2023
—
Corydon Le LLC
Allen J Hakes
Intrafamily Transfer
related
—
Dec 22, 2021
—
Alien J Hakes
—
Deed
related
$3,250,000 · Pacific Premier Bank
Sep 10, 2014
$1,750,000
Allen Hakes & Heather Maclennan Rev
Tnsc Properties LLC
Grant Deed
$1,528,000 · Jpmorgan Chase Bank NA
Sep 30, 2004
$3,058,000
Tnsc Properties LLC
Alesco Dev Co LLC
Grant Deed
—
Sep 30, 2004
—
Citizens Business Bank
Tnsc Properties LLC
Grant Deed
related
—
Apr 23, 2004
—
Alesco Development Co LLC
—
Trustees Deed
related
$2,250,000 · Cathay Bank
Apr 10, 2003
—
Alesco Development Co LLC
Kemper,r B
Grant Deed
$156,000 · D & A Semi-annual Mtg Fund III
—
—
Alesco Development Co LLC
—
Deed Of Trust
related
$348,000 · D & A Semi-annual Mtg Fund III
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 31945 Corydon St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
