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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Office buildings
42690 Rio Nedo Temecula, CA 92590-3723
Entity Owned
~
Est. High Equity
Property ID
US09-3043931
Property summary
AI-generated overview
This exceptional executive office building, located at 42690 Rio Nedo in Temecula, California (zip code 92590), offers a prime opportunity for businesses seeking flexible and high-quality workspace. The Mercer Office Building boasts a total of 12,067 square feet, with multiple tenancy options available. Currently, there is 5,210 square feet of vacant space ready for immediate occupancy. Individual suites range from a minimum of 1,570 square feet to a maximum contiguous space of 3,640 square feet, providing flexibility for businesses of various sizes. The building features extensive glass amenities and high-end tenant improvements, ensuring a modern and professional environment. Situated in Riverside County, this location provides easy access to major transportation routes and amenities. This is an excellent opportunity to establish a presence in a thriving Temecula business community. Contact us today to schedule a viewing and explore the possibilities of making this prestigious address your new business home.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
WOOD
Total area
10,595 SF
Lot
1.03 ac (44,866 SF)
APN
909-290-024
UPID
US09-3043931
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
by Request
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.15M
Owner & transaction history
Devine Providence Holdings LLC
Devine Providence Holdings LLC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.1M
+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%
$2,660,000
6.5%
$2,455,000
7%
$2,280,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,295,000
Current use
WAREHOUSE, STORAGE
$3,130,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.20M (Jul 30 2025)
Last sale anchor
$2.20M
Jul 30 2025
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
$203 / 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
$16,294
Tax year 2024
Assessed value
$1,359,730
Assessed 2024
Previous assessed
$1,359,730
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$571,082
Assessed improvement
$788,648
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
Off-Market
Year built
1992
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
10,595 SF
Lot
1.03 ac (44,866 SF)
APN
909-290-024
UPID
US09-3043931
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
$2.3M
WAREHOUSE, STORAGE
Est. value
$3.1M
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
1992
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Devine Providence Holdings LLC
Entity
Mailing address
42690 RIO NEDO D STE D, TEMECULA, CA 92590-3723
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 30, 2025
$2,200,000
Devine Providence Holdings LLC
The Mercer Family Trust
Grant Deed
$1,870,000 · Bank Of America NA
Jun 19, 2003
—
Mercer,tr
Mercer,robert S & Tommie J
Quit Claim Deed
related
—
Jul 1, 1993
$735,000
Robert S Mercer
Bank Of San Dieg
Grant Deed
$661,500 · Bank Of San Diego
May 28, 1993
$440,000
Bank Of San Diego
Rio Nedo Ptshp #
Trustees Deed
related
—
Feb 15, 1991
$276,500
Rio Nedo Partner
Rancho Core Asso
Grant Deed
$750,000 · Bank Of San Diego
—
—
Robert S Mercer
—
Deed Of Trust
related
$2,150,000 · Mission Oaks National Bank
—
—
Mercer Family Trust
—
Deed Of Trust
related
$1,200,000 · California Bank & Trust
—
—
Mercer Family Trust
—
Deed Of Trust
related
$300,000 · California Bank & 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.
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