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    24693 Ironwood Avenue Moreno Valley, CA 92557

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    For Lease
    $15,876/Mo $27 SF/Yr (calc)

    Commercial Lease - Moreno Valley, CA

    Property size:
    7,056 SF
    Added:
    Jan 4, 2026
    Days on Market:
    123
    Last Refresh:
    May 7 at 4:06 pm

    Property Features for 24693 Ironwood Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Interior features
    Rec Room
    Standard status
    Active
    APN
    481341032
    Size
    7,056 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1987
    Architectural style
    Other

    We can help!

    Listing Contact
    ESTEBAN ROBLEDO

    Listing agent ESTEBAN ROBLEDO

    Listing office Elevate Real Estate Agency 8160 HAVEN AVE #103, Corona, CA

    Listing date Jan 4, 2026

    MLS# IV26001600 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.

    HighLights

    • R5 Zoning allows for diverse opportunities.
    • Previously approved for 144 children as a Daycare Facility, with no Conditional Use Permit required.
    • Turn‑key condition for a Daycare/Early Education Facility.
    • Recent improvements include a fully paid AC system, new ducting/insulation, LED lighting, revitalized landscape, and a tankless water heater.
    • Large grassy lot and pool offer unique possibilities for community‑centric services.
    • Located in a high‑demand residential area with ample parking and potential expansion space.

    Overview

    Moreno Valley Commercial/R5 Zoned Property

    Located in Moreno Valley, CA, the property at 24693 Ironwood Ave offers approximately 7,056 square feet of space with R5 zoning, suitable for various uses including early education, preschools, daycares, assisted living/senior care, group housing, and potential medical-dental facilities. The property features a large grassy lot and a pool. Recent improvements include a fully paid AC system with seven units, new ducting and insulation, renovated interiors with energy-efficient LED lighting, revitalized landscape, a 3.5-ft deep pool, a new main and irrigation backflow system, updated lighting and plumbing, and a tankless water heater. The building has six large rooms, previously authorized for 24 daycare students each. The building has previously been approved for 144 children as a Daycare Facility. According to the senior city planner, a Conditional Use Permit is not required for Day Care Centers in the R5 Zone. The property has ample parking and potential expansion space. The location is in a high-demand residential area. The property aligns with societal needs and government initiatives, with Moreno Valley's upcoming World Logistics Center and ongoing community projects forecasting long-term growth potential. Owners are open to helping the new tenants find a workable solution that will allow them to scale into the building over time if needed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Living Hope Moval Church

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • Olivewood KinderCare — 23301 Olive Wood Plaza Dr, Moreno Valley, CA 92553
    • Jackson Family Childcare- JFCC — 23197 Fall River Rd, Moreno Valley, CA 92557
    • Family Services Association Hemlock Child Development — 23270 Hemlock Ave, Moreno Valley, CA 92557
    • FSA-Olive Wood Child Development Center — 23268 Olive Wood Plaza Dr, Moreno Valley, CA 92553
    • Order My Steps — 23595 Norris Cir, Moreno Valley, CA 92557

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.231342
    Latitude
    33.946499

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    FAQs

    What type of property is this?
    Day care center - Commercial property suitable for daycare, assisted living, or medical facilities.
    Where is this day care center located?
    The property is located at 24693 Ironwood Avenue Moreno Valley, CA.
    What is the lease rate?
    The lease rate is $15,876 /Mo.
    What are key features of this property?
    This property features: R5 Zoning allows for diverse opportunities.; Previously approved for 144 children as a Daycare Facility, with no Conditional Use Permit required.; **Turn‑key condition for a Daycare/Early Education Facility.**
    (951) 394-7046
    We can help!
    Listing Contact
    ESTEBAN ROBLEDO
    Learn More
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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.

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    24693 Ironwood Avenue, Moreno Valley, CA 92557
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