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Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Manufacturing properties
560 3rd St Lake Elsinore, CA 92530-2729
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0494388
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
16,992 SF
Lot
1.01 ac (43,995 SF)
Zoning code
R106
APN
377-430-040
UPID
US09-0494388
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
-
Pro Coat Powder Coating Powder Coating Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.90M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$4.06M
Blend (final)
Blend
$3.39M
Owner & transaction history
Sybir LLC · 2 yrs held
Sybir LLC
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
R106 · Lake Elsinore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.1M
+64.0%
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 Lake Elsinore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elsinore 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
$3,620,000
ML approach
$3,900,000
CAP Approach
CAP Return
Estimation
6%
$2,325,000
6.5%
$2,145,000
7%
$1,995,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,085,000
Current use
RETAIL STORES
$5,060,000
Change: +64% · Conversion: Moderate
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±10% · vs last sale $3.31M (Nov 14 2023)
Last sale anchor
$3.31M
Nov 14 2023
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
$200 / 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
$34,502
Tax year 2024
Assessed value
$3,310,000
Assessed 2024
Previous assessed
$3,310,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$440,000
Assessed improvement
$2,870,000
Applied tax rate
5.0000
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
1989
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
16,992 SF
Lot
1.01 ac (43,995 SF)
Zoning code
R106
APN
377-430-040
UPID
US09-0494388
Jurisdiction
RIVERSIDE
Zoning & alternative use
R106 · Lake Elsinore, CA
Zoning R106 · permitted uses
R106 · Lake Elsinore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Elsinore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1989
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Sybir LLC
Entity
Mailing address
11880 WESTERN AVE, STANTON, CA 90680-3438
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 13, 2023
—
Sybir LLC
—
Deed
related
$1,356,000 · Business Finance Capital
Nov 14, 2023
$3,310,000
Sybir LLC
Bettejean Palenshus
Grant Deed
$1,655,000 · First Citizens Bank & Trust Co
Aug 23, 2018
—
Bette Jean Palenshus
—
Deed
related
$761,011 · Wells Fargo Bank NA
Jan 12, 2018
—
Bettejean Palenshus
Palenshus,richard E
Affidavit Of Death
related
—
Jun 13, 2000
$850,000
Richard E Pealenshus
Gonzales,james A & Estela O
Grant Deed
$700,000 · Seller
Jan 29, 1999
$850,000
James A Gonzales
Fairbanks,sharon M
Grant Deed
—
Oct 1, 1990
$1,100,000
Cook Mary M
Island Title
Trustees Deed
—
Oct 1, 1990
$550,000
Island Title Exc
Kelemen Henry R
Trustees Deed
—
Oct 1, 1990
$325,000
Capparis Equity
Par Enterprises
Trustees Deed
related
—
Mar 1, 1990
$467,500
Par Enterprises
Romar Financial
Trustees Deed
—
Mar 1, 1990
$130,000
Romar Financial
Third & Minthorn
Grant Deed
related
—
Dec 1, 1988
$1,324,818
R E Exchange Ser
Morris Charles A
Trustees Deed
—
—
—
Third
—
Deed Of Trust
related
$675,000 · Overland Bank
—
—
Richard E Palenahus
—
Deed Of Trust
related
$895,000 · Cnl Commercial Finance INC
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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