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Property profile & analytics
FOR LEASE
Office buildings
41923 2Nd St Temecula, CA 92590
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3785045
For Lease
1 / 4
$16,345,000
41923 2Nd St, Temecula, CA 92590
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
STEEL FRAME
Total area
68,644 SF
Lot
0.48 ac (20,908 SF)
APN
922-043-027
UPID
US09-3785045
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
-
Axene Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Temecula Insurance Services Insurance Agency
-
ed2go Training Center
-
VanBell Group Real Estate Agency
-
Anderson & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.83M
Blend (final)
Blend
$16.35M
Owner & transaction history
Second Street Old Town Holding Co L · 5 yrs held
Second Street Old Town Holding Co L
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$20.3M
+36.3%
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 Temecula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Temecula 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,880,000
Current use
WAREHOUSE, STORAGE
$20,280,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$16.35M
Range $14.71M – $17.98M · ±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
$238 / 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
$241,168
Tax year 2024
Assessed value
$22,818,163
Assessed 2024
Previous assessed
$22,818,163
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,916,541
Assessed improvement
$20,901,622
Applied tax rate
13.0000
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
For Lease
Year built
2014
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
68,644 SF
Lot
0.48 ac (20,908 SF)
APN
922-043-027
UPID
US09-3785045
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
$14.9M
WAREHOUSE, STORAGE
Est. value
$20.3M
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
2014
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
0.48 ac
Current owner
From public records · entity-resolved
Second Street Old Town Holding Co L
Entity
Mailing address
41923 2ND ST STE #401, TEMECULA, CA 92590-2839
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
Second Street Old Town Holding Co L
Second Street Old Town LLC
Intrafamily Transfer
related
$17,500,000 · Dbr Investments Co Limited
Dec 26, 2017
—
Second Street Old Town LLC
—
Grant Deed
related
$160,000,000 · Truax Building Funding LLC
Aug 17, 2017
—
Second Street Old Town LLC
—
Deed
related
$2,750,000 · Puerto Escondido LLC
Jan 25, 2007
—
Second Street Old Town LLC
Mftds INC
Grant Deed
$750,000 · Mftds INC
Mar 10, 2006
$1,250,000
Mftds INC
Webster Trust
Grant Deed
$750,000 · Webster Trust
—
—
Webster Trust
—
Deed Of Trust
related
$255,000 · Mission Oaks Nat'l Bk
—
—
Second Street Old Town LLC
—
Deed Of Trust
related
$2,750,000 · Puerto Escondido LLC
—
—
Second Street Old Town LLC
—
Deed Of Trust
related
$100,000 · Inland Temecula Investor Visa
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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