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    Property profile & analytics

    32281 Msn Trl Lake Elsinore, CA 92530-4524

    • Grocery and convenience stores
    • 43,130 SF
    • 4.09 lot acres
    OFF-MARKET
    Value Estimations
    $7,965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2692997
    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

    • U.S. Bank Branch / Bank / Loan Service
    • Stater Bros. Markets / Grocery & Convenience Store / Food Market
    • Stater Bros. Bakery-Deli / Bakery / Specialty Food Shop
    • MoneyGram / Bank / Credit Union
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 32281 Msn Trl

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    4.09 lot acres
    Property size
    43,130 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    365-280-019
    APU
    365280019

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,305,000
      6.5%
      $9,510,000
      7%
      $8,830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,099,000
      Market price range: $6.68M - $20.6M
      AI Estimate
      $5,281,000
      Market price range: $2.88M - $12.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $12,840,000
      Current use
      WAREHOUSE, STORAGE
      $12,745,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.298
    Latitude
    33.6533
    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
    $61,517
    $2,198,093
    $3,634,107
    $5,832,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,613 SF

      1006 Graham Ave

      GROCERY, SUPERMARKET • 2,613 SF
      1006 Graham Ave, Lake Elsinore, CA 92530-3341
      View Details
    • Value Estimation by Request

      31952 Msn Trl

      GROCERY, SUPERMARKET
      31952 Msn Trl, Lake Elsinore, CA 92530-4539
      View Details
    • Value Estimation
      $1,275,000
      3,702 SF

      159 Main St

      GROCERY, SUPERMARKET • 3,702 SF
      159 Main St, Lake Elsinore, CA 92530
      View Details
    • Value Estimation by Request
      1,500 SF

      1511 Lakeshore Dr

      GROCERY, SUPERMARKET • 1,500 SF
      1511 Lakeshore Dr, Lake Elsinore, CA 92530-3239
      View Details
    • Value Estimation by Request
      1.26 Acres

      16005 Grand Ave Ste J

      CONVENIENCE STORE • 1.26 Acres
      16005 Grand Ave Ste J, Lake Elsinore, CA 92530-1400
      View Details
    • Value Estimation
      $2,010,000
      16,896 SF

      217 Main St

      GROCERY, SUPERMARKET • 16,896 SF
      217 Main St, Lake Elsinore, CA 92530-4011
      View Details

    Similar Nearby for Sale

    • New
      $500,000
      2,632 SF

      Lake Elsinore Retail Opportunity

      Standalone retail building with established convenience store and active license.
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      View Details
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      Upgraded Commercial Building in Lake Elsinore

      Modern, upgraded commercial building with high visibility and flexible layout.
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      Commercial property with open interior in historic Lake Elsinore.
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    • $1,390,000
      6,183 SF

      Freestanding Commercial Building with Drive-Thru

      Versatile commercial building in high-traffic location, suitable for various uses.
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      Auto Center Drive Dealership Opportunity

      Approved CUP, plans for showroom, 134 parking spaces.
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    • $1,390,000
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      Freestanding Commercial Building with Drive-Thru

      Versatile commercial building with drive-thru, ideal for various uses.
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    Similar Nearby for Lease

    • Contact for pricing
      40,817 SF

      New Construction Showroom/Warehouse Space

      New construction showroom and warehouse space available for lease.
      32113 Corydon St, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing
      2,673 SF

      Lake Elsinore Retail Space Available

      High-volume Stater Bros anchored center
      16746 Lakeshore Dr, Lake Elsinore, CA 92530
      View Details
    • $1.50 SF/Yr

      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
    • Contact for pricing
      1,268 SF

      Retail Space with Freeway Frontage

      Retail space featuring freeway frontage, water and trash included.
      271 San Jacinto River Rd, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for lease in Lake Elsinore, CA.
      18285 Collier Ave, Lake Elsinore, CA 92530
      View Details
    • $21 SF/Yr
      18,777 SF

      Heritage Plaza Executive Suites

      Lake Elsinore Office Space Available Now
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      View Details

    Property Visit Statistics

    • Visits by month
      96.1k
    • Visitors by month
      45.6k
    • Avg Time on site
      22 min
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    Lake Elsinore, CA 92530-4524
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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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