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Property profile & analytics
OFF-MARKET
Estimated value
$4,060,000
Office buildings
41870 Kalmia St Murrieta, CA 92562-8839
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3345812
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
18,700 SF
Lot
1.9 ac (82,764 SF)
APN
906-090-015
UPID
US09-3345812
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
-
Monterey Mushrooms Restaurant
-
California Oaks Counseling Counselor Family Counselor
-
JOHN PREBLE, LCSW, MFT Psychotherapist
-
Premier One Insurance Services Insurance Agency
-
Steele Insurance Agency, Inc. Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.14M
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$4.06M
Owner & transaction history
David M Meredith · 1 yrs held
David M Meredith
since 2024
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,475,000
6.5%
$4,135,000
7%
$3,835,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,425,000
Current use
WAREHOUSE, STORAGE
$5,525,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±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
$217 / 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
$44,845
Tax year 2024
Assessed value
$3,954,550
Assessed 2024
Previous assessed
$3,954,550
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$683,005
Assessed improvement
$3,271,545
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Total area
18,700 SF
Lot
1.9 ac (82,764 SF)
APN
906-090-015
UPID
US09-3345812
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
OFFICE BUILDING Current
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$5.5M
OFFICE BUILDING Current
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
2006
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
David M Meredith
Individual
Mailing address
43224 ORMSBY RD, TEMECULA, CA 92592-5117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2024
—
David M Meredith
Kalmia Street LP
Grant Deed
—
Nov 5, 2024
$1,854,000
Lawrence L Slusser
David M Meredith
Grant Deed
—
Jul 27, 2020
—
Wells Fargo Bk NA
Sharon D|kalmia Street LP Kaplan
Foreclosure
related
—
Jan 14, 2020
—
Kalmia Street LP
—
Deed
related
$1,410,000 · Wells Fargo Bank NA
May 18, 2005
—
Kalmia Street
—
Trustees Deed
related
$2,665,000 · Pff Bank & Trust
—
—
Kalmia Street
—
Deed Of Trust
related
$350,000 · Pff Bank & Trust
—
—
Kalmia Street LP
—
Loan Modification
related
$2,665,000 · Us Bank NA
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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