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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Manufacturing properties
38365 Innovation Ct Murrieta, CA 92563-2626
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1201665
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
TILT-UP CONCRETE
Total area
10,924 SF
Lot
2.66 ac (115,869 SF)
Zoning code
SP
APN
957-330-020
UPID
US09-1201665
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
-
California Design Co Marketing & Advertising Advertising Agency
-
S C Coatings Painting Service General Contractor
-
JC Plumbing Plumbing Service General Contractor
-
OG Juice Co. Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Franchise Transit Van Shuttle Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.89M
Owner & transaction history
Hoosier Towers LLC · 3 yrs held
Hoosier Towers LLC
since 2022
7 recorded transactions
Zoning & alternative use
SP · Murrieta, 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 Murrieta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murrieta 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%
$1,720,000
6.5%
$1,585,000
7%
$1,470,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,565,000
Current use
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±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
$173 / 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
$33,122
Tax year 2024
Assessed value
$2,891,426
Assessed 2024
Previous assessed
$2,891,426
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$770,239
Assessed improvement
$2,121,187
Applied tax rate
94.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,924 SF
Lot
2.66 ac (115,869 SF)
Zoning code
SP
APN
957-330-020
UPID
US09-1201665
Jurisdiction
RIVERSIDE
Zoning & alternative use
SP · Murrieta, CA
Zoning SP · permitted uses
SP · Murrieta, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murrieta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
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
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Hoosier Towers LLC
Entity
Mailing address
17032 PALMDALE LN, HUNTINGTN BCH, CA 92647-8449
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
—
Hoosier Towers LLC
38365 Innovation LLC
Lease
—
Oct 17, 2019
—
38365 Innovation LLC
—
Deed
related
$2,849,258 · Farmers & Merchants Bk/lng Bch
Aug 18, 2017
—
38365 Innovation LLC
—
Deed
related
$3,050,000 · Farmers & Merchants Bk/lng Bch
Jun 20, 2013
—
38365 Innovation LLC
Silverhawk Industrial LP
Quit Claim Deed
related
—
—
—
38365 Innovation LLC
—
Deed Of Trust
related
$2,849,258 · Farmers & Merchants Bk/lng Bch
—
—
38365 Innovation LLC
—
Loan Modification
related
—
—
—
38365 Innovation LLC
—
Deed Of Trust
related
$3,050,000 · Farmers & Merchants Bk/lng Bch
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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