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    600 Central Ave Ste C Lake Elsinore, CA 92530-2740
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    Property profile & analytics

    600 Central Ave Ste C, Lake Elsinore, CA 92530-2740

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    • Office buildings
    • 4,462 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Mar 25, 2022
    $950,000
    Property ID
    US09-2461882
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 600 Central Ave Ste C

    Year built
    1990
    Construction
    TILT-UP CONCRETE
    Lot size
    0.41 lot acres
    Zone code
    C1
    Property type
    Office buildings
    APN
    377-410-006
    APU
    377410006

    Value 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

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $823,000
      Market price range: $232k - $824k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.339
    Latitude
    33.6893
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,336
    $208,080
    $780,300
    $988,380
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,595,000
      6,516 SF

      31641 Auto Ctr Dr

      OFFICE BUILDING
      31641 Auto Ctr Dr, Lake Elsinore, CA 92530-4535
      View Details
    • Value Estimation
      $1,075,000
      5,092 SF

      600 Central Ave E E Ste

      OFFICE BUILDING
      600 Central Ave E E Ste, Lake Elsinore, CA 92530-2740
      View Details
    • Value Estimation
      $5,425,000
      22,430 SF

      265 San Jacinto Riv Rd Ste, Unit 101

      OFFICE BUILDING
      265 San Jacinto Riv Rd Ste, Lake Elsinore, CA 92530-4400
      View Details
    • Value Estimation
      $650,000
      3,417 SF

      600 Central Ave Ste A

      OFFICE BUILDING
      600 Central Ave Ste A, Lake Elsinore, CA 92530-2740
      View Details
    • Value Estimation by Request
      910 SF

      18570 Collier Ave

      OFFICE BUILDING
      18570 Collier Ave, Lake Elsinore, CA 92530-2783
      View Details
    • Value Estimation by Request
      1,404 SF

      16755 Grand Ave

      OFFICE BUILDING
      16755 Grand Ave, Lake Elsinore, CA 92530-1465
      View Details

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      38-Acre View Lot Opportunity

      38-acre parcel with panoramic views near Canyon Lake and Lake Elsinore.
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    Similar Nearby for Lease

    • Contact for pricing

      Lake Elsinore Office Building

      8,556 SF office building in Lake Elsinore, CA.
      Lake St, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing

      Lake Elsinore Commercial Space Available

      Flex, industrial, warehouse, office, showroom, and retail spaces for rent.
      18421 Collier Ave, Lake Elsinore, CA 92530
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    • Contact for pricing

      Freeway Exposure Flex Space

      Flex space with freeway exposure, available July 1, 2025.
      18451 Collier Ave, Lake Elsinore, CA 92530
      View Details
    • $1.75 SF/Yr

      Office Space with Signage Available

      Office space for rent with signage and highway access.
      600 Central Ave, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing

      Corner Suite at Central Business

      Retail, office, or flex space with lease incentives.
      600 Central Ave, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing
      5,444 SF

      Lake Elsinore Office Space

      Office space available in Lake Elsinore, California.
      600 Central Ave, Lake Elsinore, CA 92530
      View Details
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    Lake Elsinore, CA 92530-2740
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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