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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Office buildings
600 Central Ave E E Ste Lake Elsinore, CA 92530-2740
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2461881
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
TILT-UP CONCRETE
Total area
5,092 SF
Lot
0.38 ac (16,552 SF)
Zoning code
M1
APN
377-410-004
UPID
US09-2461881
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
-
Michael Andrew Chow, MAOM Alternative Medicine Practice
-
Scott M Dewenter Dpm Physician
-
Community Access Network Crisis Center Medical Clinic
-
Medical Staffing Inc Employment Agency
-
Lamda Engineer Consultant Inc Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Toma Tomas LLC · 1 yrs held
Toma Tomas LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
M1 · 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
$1,075,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$1,420,000
6.5%
$1,315,000
7%
$1,220,000
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.08M (Jul 31 2024)
Last sale anchor
$1.08M
Jul 31 2024
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
$211 / 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
$5,249
Tax year 2024
Assessed value
$494,873
Assessed 2024
Previous assessed
$494,873
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$161,422
Assessed improvement
$333,451
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,092 SF
Lot
0.38 ac (16,552 SF)
Zoning code
M1
APN
377-410-004
UPID
US09-2461881
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Lake Elsinore, CA
Zoning M1 · permitted uses
M1 · 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.
Building & site characteristics
From public records
Year built
1990
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Toma Tomas LLC
Entity
Free & Clear · 1 yrs held
Mailing address
42311 GOLD CUP LN, MURRIETA, CA 92562-7415
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
Jul 31, 2024
$1,075,000
Toma Tomas LLC
Matson Realty Corporation
Grant Deed
—
Aug 26, 2014
$300,000
Matson Realty Corp
Main Central LLC
Grant Deed
—
Mar 26, 2001
$25,000
Main Central LLC
O Connor Trust
Grant Deed
related
—
Jan 26, 2000
$286,000
H M Darmstandler
Associates Realty INC
Grant Deed
related
—
Jun 11, 1999
$236,000
Ronald D Restad
Restad,ronald D & Diane J
Grant Deed
related
$372,000 · Rancho Bernardo Bank
Apr 24, 1996
—
Mary B Kirk
Kirk,dennis
Quit Claim Deed
related
—
Oct 1, 1990
$695,000
Dennis C Kirk
Unknown
Grant Deed
—
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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