Add Listing
    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

    38295 Indian Road Anza, CA 92539

    View on Map
    For Sale
    Under Contract
    $168,000

    Land/Lot - Anza, CA

    Lot size:
    220,414.00 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    20
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for 38295 Indian Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-R-5
    Exterior features
    Fence, Community Features Included: Rural, Mountainous
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    572090042
    Lot size
    220,414.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Justin Caudillo
    Justin Caudillo

    Listing agent Justin Caudillo License #01842279

    Listing office HomeSmart Realty West 41789 Nicole Ln Ste. B-3, Temecula, CA

    Listing date Mar 13, 2026

    MLS# SW26053580 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.

    Overview

    Anza Land with Utilities

    This 5.06-acre property is located in the countryside of Anza, California, at an elevation of approximately 3,788 feet. The parcel is fully fenced and includes flat, usable land suitable for construction. Electric service and a water well are located on the property. This land offers potential for building a custom home, a weekend getaway, or a small ranch property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Department Store Bed & Breakfast Restaurant Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Anza
    County
    Riverside
    State
    California
    Longitude
    -116.7550367
    Latitude
    33.5655224

    Nearby Similar for Sale

    • $295,000
      1,200 SF

      Anza Commercial Land with Building

      2.96 acres with building and commercial zoning in Anza.
      38800 Bahrman Road, Anza, CA 92539
      View Details
    • $295,000

      Anza Land with Commercial Zoning

      2.96 acres with building, M-M zoning in Anza, CA.
      38800 Bahrman Road, Anza, CA 92539
      View Details
    • $115,000

      Anza Valley Vacant Land Opportunity

      9.23-acre vacant land with water well in Anza, CA.
      44 Rimrock Road, Anza, CA 92539
      View Details
    • $350,000

      Anza Land Opportunity

      Three parcels of land totaling over 19 acres.
      45475 Chapman, Anza, CA 92539
      View Details
    • $84,999

      Anza Land with Panoramic Views

      5+ acre lot in Anza, ready for development.
      41670 Jay Dee, Anza, CA 92539
      View Details
    • $199,900

      Anza Land with Well

      2.7 acre lot with well, electric, and Dutch barn.
      59600 Burnt Valley Road, Anza, CA 92539
      View Details
    • $85,000

      Flat, Fenced Land with Well

      1.25 acres in Anza with well and steel building.
      1 Boulder Hill Road, Anza, CA 92539
      View Details
    • $650,000

      Anza Land with Highway Frontage

      41.41 acre parcel with well near Highway 371.
      0 Highway 371, Anza, CA 92539
      View Details
    • $1,875,000

      246-Acre Legacy Property in Anza

      Pristine 246-acre property with water supply, suitable for family compound.
      0 Upper Valley Road, Anza, CA 92539
      View Details
    • $79,000

      Usable Land with Mountain Views

      4.39 acres of usable land near paved road in Anza.
      3 Sunset Sage Trail, Anza, CA 92539
      View Details
    • $79,900

      Anza Land with Water Well

      2.36 acre lot with permitted well and paved road.
      1 Chapman Road, Anza, CA 92539
      View Details
    • $79,999

      Anza Vacant Land Opportunity

      Vacant land in Anza, ideal for rural living.
      0 Glenda, Anza, CA 92539
      View Details

    FAQs

    What type of property is this?
    Land - 5.06 acres in Anza with well and electric.
    Where is this land located?
    The property is located at 38295 Indian Road Anza, CA.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: 5. 06‑acre property with flat, usable land ideal for building; Fully fenced for privacy and security; Electric service and water well already in place
    (951) 203-1603
    We can help!
    Listing Contact
    Justin Caudillo
    Justin Caudillo
    Real Estate License ID: 01842279
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!