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    West Murrieta 5.45 Acre Parcel Title is generated by Realmo AI

    42941 Kalmia Street, Murrieta, CA 92562

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    Claim this Listing
    For Sale
    Under Contract
    $875,000

    Land/Lot - Murrieta, CA

    Lot size:
    237,402.00 Acres
    Added:
    Mar 17, 2025
    Days on Market:
    442
    Last Refresh:
    Jun 1 at 11:06 am

    Property Features for 42941 Kalmia Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-A-5
    Exterior features
    Fence, Community Features Included: Horse Trails, Biking, Hiking, Mountainous, Foothills, Street Lights
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    906240019
    Lot size
    237,402.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Riesenberg

    Listing agent Brian Riesenberg License #01314281

    Listing office KW Temecula 27290 Madison Ave Ste, Temecula, CA

    Listing date Mar 17, 2025

    MLS# SW25058111 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

    • Significant Savings & Streamlined Development: Full architectural plans for a custom home & ADU, soils & biological reports available.
    • Large 5.45 Acre Parcel with Split Potential: Offers ample space for various uses and the option to divide the lot.
    • Prime Location: Breathtaking valley & mountain views, adjacent to protected land, ensuring privacy and tranquility.
    • Convenient Accessibility: Less than five minutes from freeway, shopping, and dining in Temecula Valley.
    • Ready‑to‑Build: Flat, gated, and fully fenced parcel with pruned Oak trees; water & power on‑site; successful Perc test; rough connection to water & electricity installed.
    • Desirable Community: Located in the award‑winning Murrieta School District with NO HOA.

    Overview

    Located in west Murrieta, this 5.45-acre parcel offers an opportunity to build a custom home. The flat, gated property is fully fenced and features pruned Oak trees, mountain and city views. The land runs against the scenic hills of protected land. Rough connection to water and electricity are already installed but non-operational until home is permitted. The property is zoned R-A-5. The lot can be split. Architectural plans are available for a custom 4,000 square foot single-story residence and ADU, along with soils and biological reports. A successful Perc test has been completed. The property is situated less than five minutes from the freeway, shopping, and dining. It is located minutes from all that the Temecula Valley has to offer. The property offers space for equestrian or agricultural pursuits. It is located in the Murrieta School District and has no HOA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Nail Salon Auto Parts Store Kitchen & Bath Showroom Storage Facility Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.2309434
    Latitude
    33.5470134

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    FAQs

    What type of property is this?
    Land - Meticulously maintained 5.45 acre parcel in west Murrieta.
    Where is this land located?
    The property is located at 42941 Kalmia Street Murrieta, CA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Significant Savings & Streamlined Development: Full architectural plans for a custom home & ADU, soils & biological reports available.; Large 5.45 Acre Parcel with Split Potential: Offers ample space for various uses and the option to divide the lot.; Prime Location: Breathtaking valley & mountain views, adjacent to protected land, ensuring privacy and tranquility.
    (951) 837-5782
    We can help!
    Listing Contact
    Brian Riesenberg
    Real Estate License ID: 01314281
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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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