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    1 Palomar St Wildomar, CA 92595

    Under Contract
    For Sale
    $2,500,000

    Land/Lot - Wildomar, CA

    Lot size:
    456,944.40 Acres
    Days on Market:
    417
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 1 Palomar St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    RR/C1-CP
    APN
    368060011
    Exterior features
    Community Features Included: Urban
    Lot size
    456,944.40 Acres

    Building Details

    Architectural style
    Other

    Realty ONE Group Southwest (951) 216-2000 [email protected]

    Listing agent Corinne Berge (951) 216-2000 License #00795397

    Listing date Oct 17, 2024

    MLS# SW23108050 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wildomar Land: Development Potential

    This residential land offers potential development opportunities and is being considered for upcoming re-designation by the City of Wildomar as Medium Density Residential (MDR). There is great potential for two homes each on 33 lots, with the possibility of an Accessory Dwelling Unit (ADU) plus a main home. This presents a builder opportunity for sale or rent. Wildomar is undergoing a General Plan Amendment, and a potential lot layout for 29 lots has been proposed. The property is gentle to flat, offering a perfect opportunity for homes on average to larger lots, potentially with room for RV garages or ADUs. It is a great opportunity for two-on-one or for rent development. The property consists of multiple parcels: 368-060-011 (4.78 acres), 368-060-012 (4.78 acres), 368-060-025 (0.41 acres), and 368-060-026 (0.52 acres), totaling 10.49 gross acres. Proposed lot sizes range from 7,000 square feet to 10,890 square feet, with slightly larger lots along the rear of the property due to adjacent larger lots. A fault study has been completed. The seller may desire to do a 1031 Tax Deferred Exchange, and the COE may be subject to the finalization of GPA to MDR.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wildomar
    County
    Riverside
    State
    California
    Longitude
    -117.286615
    Latitude
    33.611338

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    FAQs

    What type of property is this?
    Land - Residential land with potential for development in Wildomar, California.
    Where is this land located?
    The property is located at 1 Palomar St Wildomar, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Potential for re-designation as Medium Density Residential (MDR) by the City of Wildomar.; - Great potential for developing two homes on each of 33 lots.; - Builder opportunity for sale or rent development.
    (951) 216-2000
    Request Owner's contact information
    1 Palomar St Wildomar, CA 92595
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    Realmo Value Estimation

    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.

    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.

    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
    1 Palomar St Wildomar, CA 92595
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