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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Office buildings
600 Central Ave Ste C Lake Elsinore, CA 92530-2740
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2461882
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
TILT-UP CONCRETE
Total area
4,462 SF
Lot
0.41 ac (17,859 SF)
Zoning code
C1
APN
377-410-006
UPID
US09-2461882
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
$745k
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$880k
Owner & transaction history
Lake Central Property LLC · 4 yrs held
Lake Central Property LLC
since 2022
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
C1 · 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
$670,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,070,000
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $950k (Mar 25 2022)
Last sale anchor
$950k
Mar 25 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
$197 / 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
$10,336
Tax year 2024
Assessed value
$988,380
Assessed 2024
Previous assessed
$988,380
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$208,080
Assessed improvement
$780,300
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
4,462 SF
Lot
0.41 ac (17,859 SF)
Zoning code
C1
APN
377-410-006
UPID
US09-2461882
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Lake Elsinore, CA
Zoning C1 · permitted uses
C1 · 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
0.41 ac
Current owner
From public records · entity-resolved
Lake Central Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1874 TANDEM, NORCO, CA 92860-3605
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 25, 2022
$950,000
Lake Central Property LLC
Eduqwest LLC
Grant Deed
—
Mar 29, 2013
$500,000
Eduqwest LLC
Robertson Family Trust
Grant Deed
—
Dec 7, 2006
—
Robertson Family Trust
Robertson,larry & Nancy
Quit Claim Deed
related
—
May 4, 2004
$525,000
Larry Robertson
Cole,rebecca
Grant Deed
$310,121 · Welter Trust
Apr 10, 2002
$400,000
Robert Cole
Welter Trust
Grant Deed
$360,000 · Welter Trust
Jan 11, 2000
$375,000
Welter Trust
Tunstall Trust
Grant Deed
—
Apr 13, 1999
$257,500
Tunstall Trust
Adler,marvin P & Elaine R
Grant Deed
—
Sep 1, 1990
$575,000
Charles G Tunstall
Unknown
Grant Deed
related
—
—
—
Eduqwest LLC
—
Deed Of Trust
related
$223,500 · Lorie Sousa
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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