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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
32692 Ortega Hwy Lake Elsinore, CA 92530-6561
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3111627
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1940
Construction
TILT-UP CONCRETE
Total area
1,957 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CP
APN
386-070-001
UPID
US09-3111627
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
-
Hafey Farms Mountain Market Food Processing Plant
-
Hafey Farms Country Store & Beergarden 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
Steven Charles Jess Lockhart · 4 yrs held
Steven Charles Jess Lockhart
since 2022
7 recorded transactions
Zoning & alternative use
CP · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
tbacks. § 17.124.070 Building height. § 17.124.080 Landscape improvements. § 17.124.090 Lots of record. § 17.124.100 Parking. § 17.124.110 Signs. § 17.124.120 Design review. § 17.124.130 Design standards. Chapter 17.128 C-P COMMERCIAL PARK DISTRICT § 17.128.010 Purpose. § 17.128.020 Permitted uses. § 17.128.030 Uses subject to a conditional use permit. § 17.…
Zone name
Commercial Park
General category
COMMERCIAL
Zone area
7.50 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
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
$3,379
Tax year 2024
Assessed value
$327,542
Assessed 2024
Previous assessed
$327,542
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$121,255
Assessed improvement
$206,287
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
1,957 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CP
APN
386-070-001
UPID
US09-3111627
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Lake Elsinore, CAZoning 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
Zoning description
tbacks. § 17.124.070 Building height. § 17.124.080 Landscape improvements. § 17.124.090 Lots of record. § 17.124.100 Parking. § 17.124.110 Signs. § 17.124.120 Design review. § 17.124.130 Design standards. Chapter 17.128 C-P COMMERCIAL PARK DISTRICT § 17.128.010 Purpose. § 17.128.020 Permitted uses. § 17.128.030 Uses subject to a conditional use permit. § 17.128.040 Accessory uses. § 17.128.050 Site criteria. § 17.128.060 Setbacks. § 17.128
Zone name
Commercial Park
General category
COMMERCIAL
Zone area
7.50 ac
Building & site characteristics
From public records
Year built
1940
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Steven Charles Jess Lockhart
Individual
Mailing address
5361 GRAND SMT DR, PRESCOTT, AZ 86301-1012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 29, 2022
—
Steven Charles Jess Lockhart
Patricia J Lockhart
Intrafamily Transfer
related
—
Jan 4, 2011
—
Steven C J Lockhart
Lockhart,sarah M
Quit Claim Deed
related
—
Nov 20, 2003
—
Patricia J Lockhart
Vicnaire,armond L & Diana M
Grant Deed
related
—
Sep 29, 2003
—
Lockhart,tr
Lockhart,patricia J
Quit Claim Deed
related
—
Nov 25, 2002
—
Armond L Etal Vicnaire
Vicnaire,armond L Etal
Quit Claim Deed
related
—
—
—
Armond L Vicnaire
—
Deed Of Trust
related
$139,000 · Individual
—
—
Armond Vicnaire
—
Deed Of Trust
related
$134,000 · Mission Viejo National Bank
—
—
Armond L Vicnaire
—
Deed Of Trust
related
$203,000 · Norwest Mortgage INC
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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