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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Industrial properties
38564 Sky Cyn Dr 306 Murrieta, CA 92563
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1844745
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2005
Construction
TILT-UP CONCRETE
Total area
2,154 SF
Zoning code
SP
APN
957-331-018
UPID
US09-1844745
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
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$805k
Owner & transaction history
Eric Bahra · 2 yrs held
Eric Bahra
since 2023
Last sale
$799,000
5 recorded transactions
Zoning & alternative use
SP · Murrieta, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$930,000
+84.0%
Medical building
$865,000
+70.8%
Office building
$695,000
+37.6%
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
$915,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$505,000
Current use
AUTO REPAIR, GARAGE
$930,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$865,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +34% · Conversion: Moderate
WAREHOUSE, STORAGE
$635,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $799k (Dec 19 2023)
Last sale anchor
$799k
Dec 19 2023
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
$374 / 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
$8,230
Tax year 2024
Assessed value
$799,000
Assessed 2024
Previous assessed
$799,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$200,000
Assessed improvement
$599,000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
2,154 SF
Zoning code
SP
APN
957-331-018
UPID
US09-1844745
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
$505,000
AUTO REPAIR, GARAGE
Est. value
$930,000
MEDICAL BUILDING
Est. value
$865,000
OFFICE BUILDING
Est. value
$695,000
RETAIL STORES
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$635,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2005
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Current owner
From public records · entity-resolved
Eric Bahra
Individual
Mailing address
3610 CENTRAL AVE STE #500, RIVERSIDE, CA 92506-5907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
$799,000
Eric Bahra
Kirby Properties LLC
Grant Deed
$399,500 · Harvest Commercial Capital LLC
Mar 12, 2018
—
Kirby Properties LLC
Kirby,david L & Dana M
Quit Claim Deed
—
Oct 3, 2011
—
David L Kirby
Wells Fargo Bank NA
Grant Deed
—
May 24, 2010
$351,000
Fargo Bk NA Wells
Td Service Co
Trustees Deed
related
—
Aug 19, 2005
$702,000
Daniel A Kravitz
Beta Winchester LLC
Grant Deed
$655,000 · Southwest Community 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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