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    For Sale (12)

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    Apple Valley Land with City Views
    $169,000
    733,115.00 Acres

    Apple Valley Land with City Views

    17 acres in Apple Valley, suitable for building a ranch.

    Japatul Rd, Apple Valley, CA 92308
    View details
    Residential Lot in Lake Elsinore
    $145,999
    10,019.00 Acres

    Residential Lot in Lake Elsinore

    Residential land available for building a dream home.

    5 Silver St, Lake Elsinore, CA 92530
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    Residential Lot in Lake Elsinore
    $124,999
    9,148.00 Acres

    Residential Lot in Lake Elsinore

    Residential land available for building a dream home.

    Townsend St, Lake Elsinore, CA 92530
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    Prime Commercial Land in Menifee
    $695,000
    85,378.00 Acres

    Prime Commercial Land in Menifee

    1.96 acres of commercially zoned land in a growing area.

    Bailey Park Blvd, Menifee, CA 92584
    View details
    Commercial Land in Murrieta, CA
    $165,000
    21,780.00 Acres

    Commercial Land in Murrieta, CA

    Half-acre commercial land parcel in Murrieta's business corridor.

    Fig St, Murrieta, CA 92562
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    Menifee Commercial Land Opportunity
    $695,000
    10,000 SF

    Menifee Commercial Land Opportunity

    1.96 acre commercial parcel in rapidly growing Menifee, California.

    Bailey Park Blvd, Menifee, CA 92584
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    Lake Arrowhead View Lot
    Contact for pricing
    3,150.00 Acres

    Lake Arrowhead View Lot

    Vacant lot near Lake Arrowhead to build your dream cabin.

    Lake Dr, Lake Arrowhead, CA 92352
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    Lucerne Valley Land/Lot Opportunity
    $40,000
    14,175.00 Acres

    Lucerne Valley Land/Lot Opportunity

    Land/Lot in the heart of Lucerne Valley, California.

    Estrada Ave, Lucerne Valley, CA 92356
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    Rancho Capistrano Land with Views
    $215,000
    128,938.00 Acres

    Rancho Capistrano Land with Views

    Land in gated community with views of Cleveland National Park.

    Gaucho Rd, Lake Elsinore, CA 92530
    View details
    Apple Valley Land Near Development
    $600,000
    871,200.00 Acres

    Apple Valley Land Near Development

    20 acre land parcel near upcoming development and train station.

    Falchion Rd, Apple Valley, CA 92307
    View details
    Menifee Industrial Land - $750K
    $750,000
    1.96 Acres

    Menifee Industrial Land - $750K

    1.96 Acres, Prime Commercial Location

    0 Bailey Park Blvd, Menifee, CA 92584
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    Menifee Industrial Land - Huge Potential
    $750,000
    1,000 SF

    Menifee Industrial Land - Huge Potential

    1.96-acre fenced industrial lot, prime location.

    Bailey Park Blvd, Menifee, CA 92584
    View details

    For Lease (1)

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    Medical Building Near Global Hospital
    Contact for pricing
    1,050 SF

    Medical Building Near Global Hospital

    Divisible medical building near V.V. Global Hospital with ample parking.

    15366 11Th St, Victorville, CA 92395
    View details

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    Alta Realty Group CA, Inc.
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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
    Alta Realty Group CA, Inc.
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