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Property profile & analytics
FOR LEASE
Manufacturing properties
41720 Corning Pl Murrieta, CA 92562
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0889989
For Lease
1 / 3
$1,855,000
41720 Corning Pl, Murrieta, CA 92562
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2018
Construction
TILT-UP CONCRETE
Total area
11,952 SF
Lot
0.78 ac (33,976 SF)
Zoning code
A110
APN
909-300-026
UPID
US09-0889989
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
-
Tensor Tire Industrial Manufacturer Production Facility
-
Method Race Wheels Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.86M
Owner & transaction history
Ffe LLC · 6 yrs held
Ffe LLC
since 2020
7 recorded transactions
Zoning & alternative use
A110 · 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%
$1,880,000
6.5%
$1,735,000
7%
$1,610,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,520,000
Current use
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±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
$155 / 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
$36,815
Tax year 2024
Assessed value
$2,348,551
Assessed 2024
Previous assessed
$2,348,551
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$593,725
Assessed improvement
$1,754,826
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
For Lease
Year built
2018
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,952 SF
Lot
0.78 ac (33,976 SF)
Zoning code
A110
APN
909-300-026
UPID
US09-0889989
Jurisdiction
RIVERSIDE
Zoning & alternative use
A110 · Murrieta, CA
Zoning A110 · permitted uses
A110 · 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
$2.5M
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
2018
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Ffe LLC
Entity
Mailing address
429 LOS ALTOS AVE, LONG BEACH, CA 90814-1934
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2020
—
Ffe LLC
41720 Corning Place LLC
Grant Deed
$2,002,301 · Fitzgerald Family Trust
May 7, 2020
—
Ffe LLC
—
Deed
related
$2,002,301 · Fitzgerald Family Trust
Aug 15, 2019
—
41720 Corning Place LLC
—
Deed
related
$1,181,100 · Wells Fargo Bank NA
Apr 30, 2019
—
41720 Corning Place LLC
—
Deed
related
$60,000 · Fitzgerald Family Trust (pt)
Jan 29, 2019
—
41720 Corning Place LLC
—
Deed
related
$777,000 · Cdc Small Busn Fin
Jan 9, 2019
$2,147,500
41720 Corning Place LLC
Gino Ronald Mangini
Grant Deed
$1,181,100 · Wells Fargo Bank NA
Jan 9, 2019
—
41720 Corning Place LLC
—
Deed
related
$757,516 · Wells Fargo Bank NA
Sep 9, 2016
—
Paul E Mangini
Mangini,patricia
Affidavit Of Death
related
—
Sep 9, 2016
$305,000
Gino R Mangini
Mangini,paul E
Grant Deed
related
—
Apr 16, 2009
—
Mangini B R & I P Living Trust
Mangini,bernard R
Quit Claim Deed
related
—
Feb 1, 1991
$960,000
Mangini Patricia Paul E
Unknown
Grant Deed
—
—
—
41720 Corning Place LLC
—
Deed Of Trust
related
$777,000 · Cdc Small Busn Fin
—
—
41720 Corning Place LLC
—
Deed Of Trust
related
$60,000 · Fitzgerald Family Trust (pt)
—
—
Ffe LLC
—
Deed Of Trust
related
$2,002,301 · Fitzgerald Family Trust
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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