Your AI Navigator in Commercial Real Estate
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

    Herbert Ave Lake Elsinore, CA 92530

    Sponsored
    For Sale
    $41,250

    Land/Lot - Lake Elsinore, CA

    Lot size:
    4,356.00 Acres
    Days on Market:
    121
    Last Refresh:
    Jan 20 at 11:06 pm

    Property Features for Herbert Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    APN
    373234009
    Exterior features
    Community Features Included: Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Lake, Park, Watersports, Mountainous
    Lot size
    4,356.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Elisabeth De Telder-Collins

    Allison James Homes & Estates (760) 448-5600 [email protected]

    Listing agent Elisabeth De Telder-Collins (760) 448-5600 License #02056991

    Listing date Sep 22, 2025

    MLS# SW25223212 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

    Vacant Land in Lake Elsinore

    This vacant land lot is located close to downtown Lake Elsinore, with its restaurants and stores, and moments away from the 15 Freeway. The lot is near the lake and the Stom Baseball Stadium. Shopping options such as Target, Costco, The Home Depot, Lowes, Marshalls, and Ulta, along with numerous restaurants, are nearby. The lot is flat and easily buildable. The property is zoned R1. The lot size is 0.1 acres. There are no existing water, electricity, or gas connections on the property, but they are located nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.30777
    Latitude
    33.6592

    Nearby Similar for Sale

    • $1,390,000
      6,183 SF

      Freestanding Commercial Building with Drive-Thru

      Versatile commercial building in high-traffic location, suitable for various uses.
      2495 E Lakeshore Dr, Lake Elsinore, CA 92530
      View Details
    • New
      $750,000
      2,742 SF

      Upgraded Duplex in Lake Elsinore

      Income-producing duplex near downtown, with remodeled and new construction units.
      138 E Peck St, Lake Elsinore, CA 92530
      View Details
    • $950,000
      1,560 SF

      Upgraded Commercial Building in Lake Elsinore

      Extensively upgraded commercial building with high visibility and flexible layout.
      30830 Riverside Dr, Lake Elsinore, CA 92530
      View Details
    • New
      $520,000
      1,221 SF

      Duplex on Oversized Lot

      Two homes on one lot, great investment opportunity.
      305 W Heald Ave, Lake Elsinore, CA 92530
      View Details
    • $875,000
      2,369 SF

      New Duplex Near Lake Elsinore

      New construction duplex with ADU near the 15 Freeway.
      237 E Prospect St, Lake Elsinore, CA 92530
      View Details
    • $535,000
      1,715 SF

      Lake Elsinore Office Suite

      Spacious office suite in Lake Elsinore's Canyon Estates.
      31569 Canyon Estates Dr, Lake Elsinore, CA 92532
      View Details
    • $459,000
      1,410 SF

      Remodeled Home on Expansive Lot

      Upgraded 2-bedroom home with large lot, privacy, and ADU potential.
      32951 Rome Hill Rd, Lake Elsinore, CA 92530
      View Details
    • $450,000

      Spacious Condo in Canyon Hills

      Comfortable 2-bedroom condo with community amenities in Lake Elsinore.
      30505 Canyon Hills Rd, Lake Elsinore, CA 92532
      View Details
    • $379,000
      800 SF

      Remodeled Home with RV Potential

      Move-in ready, remodeled home with potential RV hookups and parking.
      32857 Valley View Ave, Lake Elsinore, CA 92530
      View Details
    • $740,000
      3,200 SF

      Lake Elsinore Retail Opportunity

      Commercial property with open interior in historic Lake Elsinore.
      119 W Peck St, Lake Elsinore, CA 92530
      View Details
    • $575,000

      Lake Elsinore Multifamily Investment

      Three-unit property near town center with lake views.
      176 Olive St, Lake Elsinore, CA 92530
      View Details
    • $109,999

      Lake Park RV Resort Home

      One-bedroom home in Lake Park RV Resort with amenities.
      32000 Riverside Dr J-8, Lake Elsinore, CA 92530
      View Details

    FAQs

    What type of property is this?
    Land - Buildable lot near downtown Lake Elsinore, close to amenities.
    Where is this land located?
    The property is located at Herbert Ave Lake Elsinore, CA.
    What is the asking price?
    The asking price for this property is $41,250.
    What are key features of this property?
    This property features: - Prime location near downtown Lake Elsinore, offering convenient access to restaurants and stores.; - Close proximity to the 15 Freeway, facilitating easy commuting and travel.; - Buildable flat lot, simplifying the construction process.
    (760) 448-5600
    Request Owner's contact information
    Herbert Ave Lake Elsinore, CA 92530
    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.
    Herbert Ave
    Lake Elsinore, CA 92530
    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
    Herbert Ave Lake Elsinore, CA 92530
    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
    Elisabeth De Telder-Collins
    Real Estate License ID: 02056991
    (760) 448-5600
    Learn more
    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.