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Property profile & analytics
OFF-MARKET
Estimated value
$7,455,000
Warehouses
32371 Corydon St Lake Elsinore, CA 92530-9604
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-3147698
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Total area
69,070 SF
Lot
3.06 ac (133,293 SF)
Zoning code
RR
APN
370-120-061
UPID
US09-3147698
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$7.46M
Owner & transaction history
Corydon Rd LLC · 15 yrs held
Corydon Rd LLC
since 2011
3 recorded transactions
Zoning & alternative use
RR · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 17.60.080 Setbacks. § 17.60.090 Lot coverage. § 17.60.100 Building height. § 17.60.110 Minimum dwelling unit size. § 17.60.120 Animals. § 17.60.130 Parking. § 17.60.140 Signs. § 17.60.150 Design review. Chapter 17.64 R-R RURAL RESIDENTIAL DISTRICT § 17.64.010 Purpose. § 17.64.020 Permitted uses. § 17.64.030 Uses subject to a conditional use permit. § 17.64…
Zone name
Rural Residential
General category
RESIDENTIAL
Zone area
157.92 ac
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.46M
Range $6.71M – $8.20M · ±10%
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
$108 / 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
$30,347
Tax year 2024
Assessed value
$2,838,430
Assessed 2024
Previous assessed
$2,838,430
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$621,864
Assessed improvement
$2,216,566
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
69,070 SF
Lot
3.06 ac (133,293 SF)
Zoning code
RR
APN
370-120-061
UPID
US09-3147698
Jurisdiction
RIVERSIDE
Zoning & alternative use
RR · Lake Elsinore, CAZoning RR · permitted uses
RR · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 17.60.080 Setbacks. § 17.60.090 Lot coverage. § 17.60.100 Building height. § 17.60.110 Minimum dwelling unit size. § 17.60.120 Animals. § 17.60.130 Parking. § 17.60.140 Signs. § 17.60.150 Design review. Chapter 17.64 R-R RURAL RESIDENTIAL DISTRICT § 17.64.010 Purpose. § 17.64.020 Permitted uses. § 17.64.030 Uses subject to a conditional use permit. § 17.64.040 Accessory uses. § 17.64.050 Lots of record. § 17.64.060 Lot area. § 17.64.070
Zone name
Rural Residential
General category
RESIDENTIAL
Zone area
157.92 ac
Building & site characteristics
From public records
Year built
1983
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Corydon Rd LLC
Entity
Mailing address
32371 CORYDON ST, LAKE ELSINORE, CA 92530-9604
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2011
$2,305,000
Corydon Rd LLC
Norman Industries INC
Grant Deed
$1,728,000 · Security Bank Of California
Oct 28, 1994
—
Norman Industries INC
—
Grant Deed
related
$525,000 · First Pacific Bank
—
—
Norman Industries INC
—
Deed Of Trust
related
$4,200,000 · Security Bank Ca
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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