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    Property profile & analytics

    Lake Elsinore, CA 92530

    • Manufacturing properties
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2021
    $3,550,000
    Value Estimations
    $4,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4202382
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for Lake

    Lot size
    0.13 lot acres
    Zone code
    RR
    Property type
    Manufacturing properties
    APN
    377-160-042
    APU
    377160042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,355,000
      ML approach
      $3,865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.336
    Latitude
    33.68
    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
    $607
    $53,060
    $0.00
    $53,060
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $260,000
      1,872 SF

      600 Minthorn St

      MANUFACTURING (LIGHT) • 1,872 SF
      600 Minthorn St, Lake Elsinore, CA 92530
      View Details
    • Value Estimation by Request

      598 Crane St

      MANUFACTURING (LIGHT)
      598 Crane St, Lake Elsinore, CA 92530-2737
      View Details
    • Value Estimation
      $555,000
      2,012 SF

      31877 Corydon St Ste, Unit 160

      MANUFACTURING (LIGHT) • 2,012 SF
      31877 Corydon St Ste, Wildomar, CA 92530-8516
      View Details
    • Value Estimation
      $310,000
      3,267 SF

      31881 Corydon St Ste, Unit 140

      MANUFACTURING (LIGHT) • 3,267 SF
      31881 Corydon St Ste, Lake Elsinore, CA 92530-8519
      View Details
    • Value Estimation
      $1,195,000
      4,350 SF

      31889 Corydon St Ste, Unit 160

      MANUFACTURING (LIGHT) • 4,350 SF
      31889 Corydon St Ste, Lake Elsinore, CA 92530-8510
      View Details
    • Value Estimation
      $355,000
      9,200 SF

      720 3rd St

      MANUFACTURING (LIGHT) • 9,200 SF
      720 3rd St, Lake Elsinore, CA 92530-2767
      View Details

    Similar Nearby for Sale

    • $2,900,000
      424,274.00 Acres

      Lake Elsinore Commercial Land Opportunity

      Versatile industrial property near the 15 freeway, ideal for logistics.
      Love Ln, Lake Elsinore, CA 92530
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    • $1,109,075
      4,033 SF

      Free Standing Industrial Building

      Industrial building with fenced yard and excellent freeway access.
      570 Central Ave, Lake Elsinore, CA 92530
      View Details
    • $1,300,000
      6,501 SF

      Lake Elsinore Flex/Industrial Space

      Flex/industrial space in Lake Elsinore, close to I-15.
      31887 Corydon Rd, Lake Elsinore, CA 92530
      View Details
    • $338,000
      0.82 Acres

      Mountain St Residential Land

      Prime Lake Elsinore development opportunity.
      0 Mountain St, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing
      318,841 SF

      Lake Elsinore Retail Redevelopment

      47-acre I-15 freeway site, high potential.
      17600 Collier Ave, Lake Elsinore, CA 92530
      View Details
    • $850,000
      13 SF

      Vacant Land Parcels For Sale

      13.42 acres of vacant land with frontage on Baker Street.
      South Of Pierce St, Lake Elsinore, CA 92530
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Lake Elsinore Workshop Warehouse

      Warehouse with roll-up doors and secured lot in Lake Elsinore.
      2125 Graham Ave, Lake Elsinore, CA 92530
      View Details
    • $19 SF/Yr
      1,274 SF

      Lake Elsinore Industrial Warehouse

      1,274 SF Single-Tenant Warehouse Space
      31947 Corydon Rd, Lake Elsinore, CA 92530
      View Details
    • $19 SF/Yr
      1,450 SF

      Skypark Industrial Warehouse Space

      Lake Elsinore Warehouse, 1,450 sq ft.
      31951 Corydon Rd, Lake Elsinore, CA 92530
      View Details
    • $17 SF/Yr
      3,188 SF

      Prime Riverside Warehouse Sublease

      3,188 SF Industrial Space Available
      540 Crane St, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing
      32,362 SF

      Warehouse and Office Space Available

      Warehouse and office space with quick freeway access.
      32097 Corydon St, Lake Elsinore, CA 92530
      View Details
    • Contact for pricing
      40,817 SF

      New Construction Showroom/Warehouse Space

      New construction showroom and warehouse space available for lease.
      32113 Corydon St, Lake Elsinore, CA 92530
      View Details
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    Lake
    Elsinore, CA 92530
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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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