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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Retail space
41640 Corning Pl Ste 103 Murrieta, CA 92562-7048
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2971246
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
WOOD
Total area
11,033 SF
Lot
0.79 ac (34,412 SF)
Zoning code
BP
APN
909-300-024
UPID
US10-2971246
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
$2.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$1.97M
Owner & transaction history
9 Peaks Holdings LLC · 3 yrs held
9 Peaks Holdings LLC
since 2023
Last sale
$2.0M
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
$1,880,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,090,000
Current use
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $1.98M (Dec 29 2022)
Last sale anchor
$1.98M
Dec 29 2022
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
$178 / 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
$34,840
Tax year 2024
Assessed value
$2,017,126
Assessed 2024
Previous assessed
$2,017,126
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$691,126
Assessed improvement
$1,326,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,033 SF
Lot
0.79 ac (34,412 SF)
Zoning code
BP
APN
909-300-024
UPID
US10-2971246
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
RETAIL STORES Current
Est. value
$3.1M
RETAIL STORES 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
2001
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
9 Peaks Holdings LLC
Entity
Mailing address
2 PINNACLE PT, NEWPORT BEACH, CA 92657-1548
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
—
9 Peaks Holdings LLC
9 Peaks Holdings LLC
Correction Deed
related
$1,600,000 · Bank Of America NA
Dec 29, 2022
$1,978,000
9 Peak Holding LLC
Leafthesea Holdings LLC
Grant Deed
—
Nov 20, 2019
—
Leafthesea Holdings LLC
—
Deed
related
$1,547,000 · First Citizens Bank & Trust Co
Mar 19, 2018
—
Leafthesea Holdings LLC
—
Deed
related
$550,000 · Business Fin Cap
Jul 13, 2017
$1,350,000
Leafthesea Holdings LLC
David W Hill
Grant Deed
$770,000 · Cit Bank NA
Jan 3, 2013
—
Hill A C & M J Family Trust
Hill A C & M Family Trust
Quit Claim Deed
related
—
Nov 22, 2005
$1,800,000
Hill A C & M J Family Trust
Rhonda Sciortino & Assocs LLC
Grant Deed
$425,000 · Rhonda Sciortino & Assocs LLC
May 9, 2003
$1,375,000
Rhonda L Sciortino & Assoc LLC
Advanced Lending Group
Grant Deed
$962,500 · Citizens Business Bank
May 9, 2003
—
Advanced Lending Group
Dalton,william & Carolyn
Grant Deed
related
—
Mar 2, 2001
—
William R Etux Dalton
Dalton,william R
Quit Claim Deed
related
$633,000 · Wells Fargo Bank
Oct 3, 2000
$130,000
William R Dalton
Call,geoff
Grant Deed
—
Nov 1, 1999
$37,000
Geoff Call
Riverside County (ca)
Grant Deed
—
Sep 1, 1990
$667,500
Sopilote INC
Rancon Business
Grant Deed
—
—
—
Hill A C & M J Family Trust
—
Deed Of Trust
related
$508,125 · Temecula Valley Bank NA
—
—
William R Dalton
—
Deed Of Trust
related
$700,000 · Wells Fargo Bank
—
—
Leafthesea Holdings LLC
—
Deed Of Trust
related
$550,000 · Business Fin Cap
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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