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Property profile & analytics
OFF-MARKET
Estimated value
$22,625,000
Distribution centers
33580 Zeiders Rd, Menifee, CA 92584-9457
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-3190358
Property summary
AI-generated overview
This exceptional Menifee, California industrial property, located at 33580 Zeiders Rd, 92584, offers 93,575 square feet of immediately available space within a five-building complex. The Scott Road Commerce Center Building 5 boasts a versatile design suitable for manufacturing, warehouse, or distribution operations. The property sits on a substantial 6.19-acre lot in Riverside County, providing ample room for expansion or outdoor storage. The building features a high 32-foot ceiling clearance, facilitating efficient storage and operations. Loading and unloading are streamlined with 27 dock-high doors. Ample parking is available with 132 spaces. The property is equipped with robust power capabilities, including 2,000 amps of 277/480 V power with a 2,000 amp Uninterruptible Power Supply (UGPS). The property is classified as Office, Industrial with multiple tenancy options. This is a rare opportunity to secure a large, well-equipped industrial space in a prime Menifee location. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Construction
TILT-UP CONCRETE
Total area
93,757 SF
APN
384-150-020
UPID
US09-3190358
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
$16.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.63M
Owner & transaction history
Menifee Union School District
Menifee Union School District
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$31.0M
+12.0%
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 Menifee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menifee 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%
$17,650,000
6.5%
$16,295,000
7%
$15,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$27,700,000
Current use
RETAIL STORES
$31,020,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$25,630,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$22.63M
Range $20.36M – $24.89M · ±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
$241 / 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
$245,498
Tax year 2024
Assessed value
$21,054,167
Assessed 2024
Previous assessed
$21,054,167
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$10,854,167
Assessed improvement
$10,200,000
Applied tax rate
26.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2023
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
93,757 SF
APN
384-150-020
UPID
US09-3190358
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$27.7M
RETAIL STORES
Est. value
$31.0M
MEDICAL BUILDING
Est. value
$25.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Menifee Union School District
Individual
Free & Clear · 0 yrs held
Mailing address
1980 POST OAK BLVD STE #1600, HOUSTON, TX 77056-3822
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Menifee Union School District
Scott Road Property LLC
Grant Deed
—
Feb 24, 2023
$60,841,500
Scott Road Property LLC
Scott Road Partners LLC
Grant Deed
related
$80,317,000 · Western Alliance Bank
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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