Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20893 Mandeville Dr Perris, CA 92570

    Sponsored
    For Sale
    $240,000

    Land/Lot - Perris, CA

    Lot size:
    91,476.00 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 1 at 3:06 pm

    Property Features for 20893 Mandeville Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-A-2 1/2
    APN
    286170033
    Exterior features
    Community Features Included: Rural
    Lot size
    91,476.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mirian Elizabeth Ladwig

    Elevate Real Estate Agency dba Reliance Real Estate (951) 394-7046

    Listing agent Mirian Elizabeth Ladwig (951) 280-9832 License #01937975

    Listing date Jan 23, 2026

    MLS# IG26010390 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Perris Land with Lake Views

    This residential land is located in the Lake Mathews area and offers views of the lake and mountains. The property is intended for building a dream home in a peaceful setting. Public electricity and water are accessible. The location provides a short drive to the 15, 91, and 215 freeways. The lot size is 2.1 acres and the zoning is R-A-2 1/2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Wholesale Shop Food Market Garden Center Electrical Service Plumbing Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.400536
    Latitude
    33.816418

    Nearby Similar for Sale

    • $2,200,000
      7,500 SF

      Perris Retreat Facility on 13+ Acres

      Versatile retreat facility and place of worship on 13.88 acres.
      21871 Richard St, Perris, CA 92570
      View Details
    • $7,500,000
      1,000 SF

      49-Acre Property on Cajalco Rd

      Prime land with high visibility and growth potential in Perris.
      19255 Wood Rd, Perris, CA 92570
      View Details
    • $1,250,000
      5,895 SF

      Perris Multifamily Property with Development Potential

      1.1 acre lot with 5 units, pool, and development potential.
      4439 Wade Ave, Perris, CA 92571
      View Details
    • $525,000
      1,224 SF

      Perris Commercial Condo For Sale

      Commercial condo in Perris, CA, with easy freeway access.
      130 Walnut Ave W, Perris, CA 92571
      View Details
    • $3,540,000
      12,000 SF

      Perris Industrial/Manufacturing Opportunity

      Industrial/Manufacturing property near key locations with access to major transportation.
      328 Malbert St, Perris, CA 92570
      View Details
    • $259,000

      New Manufactured Home in Gated Community

      New 4-bed, 3-bath manufactured home with low space rent.
      350 E San Jacinto Ave, Perris, CA 92571
      View Details
    • $290,000
      2,020 SF

      New Manufactured Home in Gated Community

      Spacious 4 bed, 2 bath home with modern amenities.
      350 E San Jacinto Ave, Perris, CA 92571
      View Details
    • Contact for pricing

      NNN Ground Lease Raising Cane's

      15.5-year absolute NNN ground lease with rental increases.
      239 West Nuevo Rd, Perris, CA 92571
      View Details
    • $229,000
      1,575 SF

      New Manufactured Home with Upgrades

      Spacious 4 bed, 3 bath home with low space rent.
      350 E San Jacinto Ave, Perris, CA 92571
      View Details
    • $550,000

      Renovated Historical Downtown Perris Property

      Excellent exposure in renovated historical downtown Perris, California.
      325 S D St, Perris, CA 92570
      View Details
    • $148,800

      New Mobile Home in Perris

      Newly built mobile home with modern features and community amenities.
      80 E Dawes St, Perris, CA 92571
      View Details
    • $699,000

      Triplex on Half-Acre Lot

      Fully rented triplex with expansion potential in a prime location.
      820 N Perris Blvd, Perris, CA 92571
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Lake Mathews area with views and utilities.
    Where is this residential land & home lot located?
    The property is located at 20893 Mandeville Dr Perris, CA.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Amazing views of Lake Mathews and the mountains.; - Peaceful location ideal for building a dream home.; - Public electricity and water are accessible.
    (951) 280-9832
    Request Owner's contact information
    20893 Mandeville Dr Perris, CA 92570
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20893 Mandeville Dr
    Perris, CA 92570
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    20893 Mandeville Dr Perris, CA 92570
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mirian Elizabeth Ladwig
    Real Estate License ID: 01937975
    (951) 280-9832
    Learn more
    Google sign-in failed. Please try again or use another login method.