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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Manufacturing properties
570 Central Ave I Lake Elsinore, CA 92530-2785
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2883368
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Construction
TILT-UP CONCRETE
Total area
3,645 SF
Lot
0.26 ac (11,325 SF)
Zoning code
R106
APN
377-410-026
UPID
US09-2883368
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
-
James Mercer Law Firm
-
Law Office of Stephen Brittain Law Firm
-
Legal Assistance Center Law Firm
-
COLLISION ADAS, LLC. Auto Repair Shop Vehicle Inspection Center
-
The Secret Garden (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$580k
Owner & transaction history
Morley Williams · 4 yrs held
Morley Williams
since 2022
Last sale
$585,000
7 recorded transactions
Zoning & alternative use
R106 · Lake Elsinore, 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 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
$560,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$430,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$660,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $585k (Mar 3 2022)
Last sale anchor
$585k
Mar 3 2022
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
$159 / 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
$6,700
Tax year 2024
Assessed value
$639,778
Assessed 2024
Previous assessed
$639,778
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$136,703
Assessed improvement
$503,075
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
1990
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,645 SF
Lot
0.26 ac (11,325 SF)
Zoning code
R106
APN
377-410-026
UPID
US09-2883368
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
$660,000
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
1990
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Morley Williams
Individual
Mailing address
41161 SANDALWOOD CIR, MURRIETA, CA 92562-7003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
Morley Williams
Morley Williams
Intrafamily Transfer
related
—
Feb 27, 2019
$585,000
Williams Family Trust
Mcrae,arden E & Marlene E
Grant Deed
—
Dec 20, 2001
$245,000
Arden E Mcrae
B S W Ranch
Grant Deed
$230,000 · Mission Oaks National Bank
Oct 7, 1998
$437,000
B S W Ranch
Morris,charles A
Trustees Deed
$92,053 · Seller
Aug 16, 1996
—
Charles A Morris
Morris,& Morris
Quit Claim Deed
related
—
Feb 15, 1991
$275,000
Morris
Central Business
Grant Deed
$133,000 · Overland Bank
—
—
B S W Ranch
—
Deed Of Trust
related
$92,053 · Individual
—
—
Arden E Mcrae
—
Deed Of Trust
related
$360,000 · Mission Oaks National Bank
—
—
Arden E Mcrae
—
Deed Of Trust
related
—
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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