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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Office buildings
350 Railroad Cyn Rd Lake Elsinore, CA 92532-4457
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1647934
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
5,630 SF
Lot
0.66 ac (28,749 SF)
Zoning code
R106
APN
363-141-009
UPID
US09-1647934
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
-
Celestial Skin Care Hair Salon Nail Salon
-
ARC Financial & Tax Services, Inc. Tax Preparation
-
Kenzie Driving School Training Center Vocational School
-
Phil Liso - PPSLI Independent Associate Law Firm
-
Neisha Weston Skin Care Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.46M
Owner & transaction history
Riverside Cnty Transportation · 7 yrs held
Riverside Cnty Transportation
since 2019
6 recorded transactions
Zoning & alternative use
R106 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,575,000
6.5%
$1,450,000
7%
$1,350,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,430,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$2,140,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$259 / 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
$6,846
Tax year 2024
Assessed value
$637,816
Assessed 2024
Previous assessed
$637,816
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$281,747
Assessed improvement
$356,069
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
2
Total area
5,630 SF
Lot
0.66 ac (28,749 SF)
Zoning code
R106
APN
363-141-009
UPID
US09-1647934
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Lake Elsinore, CA
Zoning R106 · permitted uses
R106 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
RETAIL STORES
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
1986
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Riverside Cnty Transportation
Individual
Free & Clear · 7 yrs held
Mailing address
146 AVENIDA SERRA, SAN CLEMENTE, CA 92672-4759
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2019
—
Riverside Cnty Transportation
Murdock Living Trust
Quit Claim Deed
related
—
Mar 2, 2017
—
Dorothy Boone-murdock
Murdock,james E
Affidavit Of Death
related
—
May 30, 2012
—
Murdock Living Trust
Murdock,james E
Quit Claim Deed
related
—
Sep 10, 1998
$133,000
James E Murdock
Vosburgh Trust
Grant Deed
$77,549 · Seller
Dec 6, 1996
—
Carolyn Etal Vosburgh
Vosburgh,carolyn I
Quit Claim Deed
related
—
—
—
Vosburgh David
—
Deed Of Trust
related
$10,000 · Lanting Realty
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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