Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    29995 Technology Dr, Unit A100 Murrieta, CA 92563-2632

    • Office buildings
    • 2,283 SF
    OFF-MARKET
    Last Sale
    Feb 16, 2021
    $740,000
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    5%
    Office buildings
    Location Intelligence
    Property ID
    US09-1712184
    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

    • Neighbors HVAC of East Murrieta / Heating Contractor
    • Murrieta Counseling Center / Psychologist
    • Ronald D. Morgan, EDD / Psychologist
    • CECILIA M. MATHEWS / Marriage Or Relationship Counselor
    • Jamila Zuwayed Marriage and Family Therapist / Marriage Or Relationship Counselor

    Property Details for 29995 Technology Dr

    Year built
    2006
    Construction
    TILT-UP CONCRETE
    Property size
    2,283 SF
    Zone code
    SP
    Property type
    Office buildings
    APN
    957-331-001
    APU
    957331001

    Description

    This exceptional 2,366 square foot executive office suite is located within the Summit at Silverhawk, a Class B, three-story building situated on a 1.03-acre lot in Murrieta, California. Built in 2005, the building offers a total of 45,262 square feet of retail and office space, currently featuring multiple tenants. This specific suite is fully improved and ideally suited for medical use, boasting a large waiting room, five exam rooms, one procedure room, a consultation office, a spacious nurse's station, a restroom, and a breakroom. Convenient elevator access is provided. The property is conveniently located near various amenities, offering excellent accessibility for both staff and clients. The building provides ample parking with a ratio of 4.2 spaces per 1,000 square feet. The suite is part of a larger complex with the APN 957-331-008 in Riverside County. The estimated Net, Net, Net (NNN) expense is $0.83 per square foot per month. This presents a unique opportunity to acquire a move-in ready, fully equipped office space in a desirable Murrieta location. The address is 29995 Technology Dr, Murrieta, CA 92563.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $545,000
      6.5%
      $505,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $898,000
      Market price range: $546k - $1.07M
      AI Estimate
      $426,000
      Market price range: $170k - $497k

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.137
    Latitude
    33.56
    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
    $8,090
    $233,465
    $551,828
    $785,293
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      38770 Sky Cyn Dr Ste A

      OFFICE BUILDING
      38770 Sky Cyn Dr Ste A, Murrieta, CA 92563-2563
      View Details
    • Value Estimation by Request

      29970 Technology Dr Ste, Unit 119

      OFFICE BUILDING
      29970 Technology Dr Ste, Murrieta, CA 92563-2647
      View Details
    • Value Estimation by Request

      38605 Calistoga Dr Ste, Unit 120

      OFFICE BUILDING
      38605 Calistoga Dr Ste, Murrieta, CA 92563-4882
      View Details
    • Value Estimation
      $500,000

      29995 Technology Dr, Unit A303

      OFFICE BUILDING
      29995 Technology Dr, Murrieta, CA 92563-2632
      View Details
    • Value Estimation
      $220,000
      4,171 SF

      38615 Calistoga Dr, Unit B3

      OFFICE BUILDING • 4,171 SF
      38615 Calistoga Dr, Murrieta, CA 92563-4859
      View Details
    • Value Estimation
      $340,000
      1,200 SF

      39755 Murrieta Hot Spgs Rd Ste E140

      OFFICE BUILDING • 1,200 SF
      39755 Murrieta Hot Spgs Rd Ste E140, Murrieta, CA 92563-9151
      View Details

    Similar Nearby for Sale

    • $702,000
      1,742 SF

      Murrieta Medical Office Building

      Prime Murrieta location, excellent access.
      39755 Murrieta Hot Sprgs Rd, Murrieta, CA 92563
      View Details
    • Contact for pricing
      6,681 SF

      High-Image Murrieta Flex Space

      Fully built-out, high-image flex space in Murrieta, California.
      38790 Sky Canyon Dr, Murrieta, CA 92563
      View Details
    • New
      $3,000,000
      43,560.00 Acres

      Murrieta Land with Income Potential

      3.62 acres with income, freeway visibility, and redevelopment potential.
      26101 Jackson Ave, Murrieta, CA 92563
      View Details
    • $2,160,936
      6,833 SF

      Murrieta Executive Office/Warehouse

      6,833 SF Office/Warehouse, $2.1M
      37377 Industry Way, Murrieta, CA 92563
      View Details
    • $679,000
      2,239 SF

      Prime Murrieta Office Condo

      Exceptional Office Suite, Stunning Views
      38605 Calistoga Dr, Murrieta, CA 92563
      View Details
    • $615,888
      1,872 SF

      Murrieta Office Condo For Sale

      Move-in ready office condo near freeways and residential areas.
      39755 Date St, Murrieta, CA 92563
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Technology Drive Office Building

      Fully leased office building on Technology Drive in Murrieta.
      30123 Technology Dr, Murrieta, CA 92563
      View Details
    • $17 SF/Yr
      6,508 SF

      French Valley Industrial Space For Lease

      Brand new, energy-efficient manufacturing/warehouse.
      37361 Industry Way, Murrieta, CA 92563
      View Details
    • $6,659 /Mo
      4,162 SF

      Murrieta Commercial Space with Warehouse

      Ground level office with warehouse space available for lease.
      38740 Sky Canyon Dr, Murrieta, CA 92563
      View Details
    • $17 SF/Yr
      6,833 SF

      French Valley Airport Center: Murrieta

      Prime Murrieta Office/Warehouse Space
      37377 Industry Way, Murrieta, CA 92563
      View Details
    • $1,069,000
      2,366 SF

      Murrieta Office Space For Rent

      First-floor office space with window-lined offices, kitchenette, and open area.
      29995 Technology Dr, Murrieta, CA 92563
      View Details
    • $1.50 SF/Yr
      3,997 SF

      Office Space For Rent

      Second floor office space available for rent.
      30135 Technology Dr, Murrieta, CA 92563
      View Details
    Request Owner's contact information
    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.
    29995 Technology Dr, Unit A100
    Murrieta, CA 92563-2632
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.