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    Property profile & analytics

    32585 Msn Trl Lake Elsinore, CA 92530-2316

    • Residential income homes
    • 15,502 SF
    • 4.97 lot acres
    OFF-MARKET
    Last Sale
    Oct 15, 2020
    Value Estimations
    $4,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4614760
    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

    • Kim Vo Studio / Marketing & Advertising / Advertising Agency

    Property Details for 32585 Msn Trl

    Year built
    2019
    Construction
    WOOD
    Lot size
    4.97 lot acres
    Property size
    15,502 SF
    Zone code
    R
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    365-030-048
    APU
    365030048

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,540,000
      6.5%
      $4,190,000
      7%
      $3,890,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.295
    Latitude
    33.6463
    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
    $20,735
    $2,348,977
    $9,746,317
    $12,095,294
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,310,000
      10,648 SF

      32209 Riverside Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 10,648 SF
      32209 Riverside Dr, Lake Elsinore, CA 92530-7822
      View Details
    • Value Estimation
      $1,110,000
      3,416 SF

      412 Kellogg St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,416 SF
      412 Kellogg St, Lake Elsinore, CA 92530-3524
      View Details
    • Value Estimation by Request
      6.30 Acres

      17690-17710 Grand Ave

      Multifamily properties • 5,422 SF
      17690-17710 Grand Ave, Lake Elsinore, CA 92530
      View Details
    • Value Estimation by Request
      900 SF

      32767 Corydon Rd

      Multifamily properties • 900 SF
      32767 Corydon Rd, Lake Elsinore, CA 92530
      View Details
    • Value Estimation by Request
      449 SF

      313 Main St

      APARTMENT HOUSE (5+ UNITS) • 449 SF
      313 Main St, Lake Elsinore, CA 92530-3975
      View Details
    • Value Estimation
      $1,150,000
      6,767 SF

      138 Graham Ave

      APARTMENT HOUSE (5+ UNITS) • 6,767 SF
      138 Graham Ave, Lake Elsinore, CA 92530-4190
      View Details

    Similar Nearby for Sale

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      6.30 Acres

      Lake Elsinore Multifamily Portfolio

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      View Details
    • $3,750,000
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      Lake Elsinore Multifamily Investment Opportunity

      10-unit property near Lake Elsinore's waterfront with growth potential.
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    • $750,000
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      Income-producing duplex near downtown, with remodeled and new construction units.
      138 E Peck St, Lake Elsinore, CA 92530
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    • $575,000

      Lake Elsinore Multifamily Investment

      Three-unit property near town center with lake views.
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    • $575,000

      Lake Elsinore Multifamily Investment

      Three-unit property near town center with lake views.
      176 Olive St, Lake Elsinore, CA 92530
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    • $338,000
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      Prime Lake Elsinore development opportunity.
      0 Mountain St, Lake Elsinore, CA 92530
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    Similar Nearby for Lease

    • $19 SF/Yr
      1,274 SF

      Lake Elsinore Industrial Warehouse

      1,274 SF Single-Tenant Warehouse Space
      31947 Corydon Rd, Lake Elsinore, CA 92530
      View Details
    • $1.75 SF/Yr

      Office Space with Signage Available

      Office space for rent with signage and highway access.
      600 Central Ave, Lake Elsinore, CA 92530
      View Details
    • $1,250 /Mo

      Lake Elsinore Workshop Warehouse

      Workshop warehouse with roll-up doors and secured lot.
      212 Graham Ave, 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
    • $19 SF/Yr
      1,450 SF

      Skypark Industrial Warehouse Space

      Lake Elsinore Warehouse, 1,450 sq ft.
      31951 Corydon Rd, Lake Elsinore, CA 92530
      View Details
    • $21 SF/Yr
      14,179 SF

      Lakeland Village Plaza Retail Space

      Lake Elsinore retail endcap, ±3,360 SF.
      17139 Grand Ave, Lake Elsinore, CA 92530
      View Details
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    Lake Elsinore, CA 92530-2316
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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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