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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Manufacturing properties
41538 Eastman Dr Murrieta, CA 92562-8007
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-1972380
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Construction
TILT-UP CONCRETE
Total area
6,000 SF
Lot
0.4 ac (17,424 SF)
Zoning code
BP
APN
909-351-019
UPID
US09-1972380
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
-
Innovative Compounding Pharmacy
-
Diamond in the Ruff Pet Salon Pet Grooming Service
-
365 Fitness Training Gym & Fitness Center
-
Sustainable Fitness Solutions Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$805k
Owner & transaction history
Darren Tavitian · 5 yrs held
Darren Tavitian
since 2020
Last sale
$767,000
7 recorded transactions
Zoning & alternative use
BP · 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
$1,095,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,265,000
Current use
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $767k (Aug 7 2020)
Last sale anchor
$767k
Aug 7 2020
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
$134 / 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
$16,746
Tax year 2024
Assessed value
$1,008,147
Assessed 2024
Previous assessed
$1,008,147
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$265,302
Assessed improvement
$742,845
Applied tax rate
24.0000
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
2002
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,000 SF
Lot
0.4 ac (17,424 SF)
Zoning code
BP
APN
909-351-019
UPID
US09-1972380
Jurisdiction
RIVERSIDE
Zoning & alternative use
BP · Murrieta, CA
Zoning BP · permitted uses
BP · 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
$1.3M
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
2002
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Darren Tavitian
Individual
Mailing address
PO BOX 703, MURRIETA, CA 92564-0703
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2020
—
Darren Tavitian
Shona N Tavitian
Quit Claim Deed
related
$394,000 · Business Fin Cap
Jun 22, 2020
$767,000
Kdg Investments INC
California Td Specialists|ljl Manchester LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jun 28, 2018
—
Ljl Manchester LLC
—
Deed
related
$650,000 · Cove Global Asset Mgmt LLC
Oct 6, 2017
$1,000,000
Ljl Manchester LLC
Dalrose LLC
Grant Deed
$650,000 · Ghassem & Jeleh F/tr (pt)
Dec 31, 2014
—
Dalrose LLC
Stone Jeffrey E Trust
Quit Claim Deed
—
Mar 5, 2012
—
Stone Jeffrey E Trust
Jeflor LLC
Grant Deed
—
Dec 31, 2008
—
Jeflor LLC
Stone Jeffrey E Trust
Grant Deed
$341,250 · Mission Oaks National Bank
Jan 28, 2005
—
Jeffrey Earle Stone
Regina Stone
Intrafamily Transfer
related
$655,000 · Temecula Valley Bank NA
—
—
Jeflor LLC
—
Deed Of Trust
related
$587,884 · Mission Oaks National Bank
—
—
Jeflor LLC
—
Deed Of Trust
related
$1,262,500 · Mission Oaks National Bank
—
—
Stone Jeffrey E Trust
—
Deed Of Trust
related
$275,000 · California Bank & Trust
—
—
Ljl Manchester LLC
—
Deed Of Trust
related
$650,000 · Cove Global Asset Mgmt LLC
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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