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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Manufacturing properties
41674 Corning Pl Murrieta, CA 92562-7023
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0777993
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
TILT-UP CONCRETE
Total area
14,001 SF
Lot
0.78 ac (33,976 SF)
APN
909-300-025
UPID
US09-0777993
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
-
Gerber Collision & Glass Auto Repair Shop
-
Apex Conveyor Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$2.87M
Owner & transaction history
Agree Stores LLC · 3 yrs held
Agree Stores LLC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
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
$2,755,000
ML approach
$2,925,000
CAP Approach
CAP Return
Estimation
6%
$2,200,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,950,000
Current use
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10% · vs last sale $2.90M (Oct 18 2022)
Last sale anchor
$2.90M
Oct 18 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
$205 / 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
$46,008
Tax year 2024
Assessed value
$2,958,000
Assessed 2024
Previous assessed
$2,958,000
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$1,938,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,001 SF
Lot
0.78 ac (33,976 SF)
APN
909-300-025
UPID
US09-0777993
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
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
1992
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Agree Stores LLC
Entity
Mailing address
400 W GRAND AVE, ELMHURST, IL 60126-1013
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$2,900,000
Agree Stores LLC
Gerber Real Estate INC
Grant Deed
—
Oct 7, 2021
$2,400,000
Gerber Real Estate INC
David W Hill
Grant Deed
—
Feb 5, 2020
—
David W Hill
—
Deed
related
$115,000 · National Equily Funding INC
Mar 28, 2019
—
Hill Family Living Trust
—
Deed
related
$1,075,000 · Home Bk/ca
Nov 7, 2018
—
Hill Family Living Trust
—
Deed
related
$888,000 · Private Individual
Nov 16, 2017
—
Hill Family Living Trust
—
Deed
related
$888,000 · Private Individual
Aug 29, 2016
—
Hill Family Living Trust
—
Deed
related
$888,000 · Private Individual
Mar 26, 2008
—
Hill Family Living Trust
Hill,david W & Barbara S
Quit Claim Deed
related
—
Dec 26, 2002
$1,025,000
David W Hill
P & G Precision INC
Grant Deed
$550,000 · Community National Bank
Jan 23, 1998
$635,500
P & G Precision INC
Sopilote INC
Grant Deed
$632,000 · Money Store INC
Jun 13, 1994
$75,000
Elegra K Mitchell
Smith Trust
Grant Deed
—
Dec 30, 1991
—
Sopilote INC
—
Grant Deed
related
$565,000 · First National Bank
Sep 1, 1990
$667,500
Raymond C Smith
Unknown
Grant Deed
—
—
—
Hill Family Living Trust
—
Deed Of Trust
related
$1,075,000 · Home Bk/ca
—
—
David W Hill
—
Deed Of Trust
related
$454,000 · Cdc Small Business Finance Co
—
—
Sopilote INC
—
Deed Of Trust
related
$565,000 · Fallbrook National Bank
—
—
Hill Family Living Trust
—
Loan Modification
related
$888,000 · Private Individual
—
—
Hill Family Living Trust
—
Deed Of Trust
related
$888,000 · Private Individual
—
—
Hill Family Living Trust
—
Deed Of Trust
related
$888,000 · Private Individual
—
—
Hill Family Living Trust
—
Loan Modification
related
$888,000 · Private Individual
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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