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Property profile & analytics
OFF-MARKET
Turn key restaurants
32685 Ortega Hwy Lake Elsinore, CA 92530-6560
Entity Owned
21-yr Hold
Absentee Owner
Property ID
US09-0625942
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1956
Construction
WOOD
Total area
1,949 SF
Lot
0.01 ac (435 SF)
Zoning code
CP
APN
386-060-055
UPID
US09-0625942
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
Current use
Occupant on record · Public records
-
Devils Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cape Ventures LLC · 21 yrs held
Cape Ventures LLC
since 2004
7 recorded transactions
Zoning & alternative use
CP · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,567
Tax year 2024
Assessed value
$248,613
Assessed 2024
Previous assessed
$248,613
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$83,693
Assessed improvement
$164,920
Applied tax rate
65.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,949 SF
Lot
0.01 ac (435 SF)
Zoning code
CP
APN
386-060-055
UPID
US09-0625942
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Lake Elsinore, CA
Zoning CP · permitted uses
CP · 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.
Building & site characteristics
From public records
Year built
1956
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Cape Ventures LLC
Entity
Mailing address
1585 TAHITI AVE, LAGUNA BEACH, CA 92651-1946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2004
—
Cape Ventures LLC
Altdorffer,rudolf G
Grant Deed
related
—
Jan 31, 2002
$20,000
Rudolf G Altdorffer
Page,robert
Grant Deed
related
—
Feb 17, 1999
$135,000
Rudolf G Altdorffer
Anderson,maurice M & Carolyn V
Grant Deed
$85,000 · Seller
Dec 9, 1997
$153,961
Transcorp
Schueler,judith A
Trustees Deed
—
Dec 4, 1996
$286,000
Judith A Schueler
Billy,nicholas
Grant Deed
$132,000 · Maurice M Anderson Ira #87355
Jul 22, 1993
$153,437
Nicholas Billy
Moore,monty J &
Trustees Deed
related
—
Sep 29, 1992
$106,089
Nicholas Billy
Moore,monty J
Trustees Deed
related
—
Jul 16, 1991
$400,000
Moore Monty J
Billy,nicholas
Grant Deed
$170,000 · Freedom Financial T&l
—
—
Cape Ventures LLC
—
Deed Of Trust
related
$500,000 · Stefanie Kruger
—
—
Judith A Schueler
—
Deed Of Trust
related
$123,000 · Individual
—
—
Monty J Moore
—
Deed Of Trust
related
—
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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