Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Corner Lot in Menifee, CA Title is generated by Realmo AI

    0 Lake Drive, Menifee, CA 92587

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land/Lot - Menifee, CA

    Lot size:
    4,792.00 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    116
    Last Refresh:
    May 26 at 6:06 pm

    Property Features for 0 Lake Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Exterior features
    Community Features Included: Mountainous
    Standard status
    Active
    APN
    350202026
    Lot size
    4,792.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lyon Quan Doan

    Listing agent Lyon Quan Doan License #01066145

    Listing office I.T.S.T. Real Estate 1605 N. Euclid Street, Santa Ana, CA

    Listing date Jan 30, 2026

    MLS# PW26022348 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

    • Corner lot location.
    • Located at Lake & Palm.
    • Up hill property.
    • Community features include mountainous views.
    • Check with the city for planning.
    • Coordinates: [-117.24072,33.70792].

    Overview

    This corner lot is located at the intersection of Lake Drive and Palm Drive in Menifee, California. The lot has an uphill slope. The property is zoned R1. The lot size is approximately 0.11 acres. Prospective buyers are advised to consult with the city planning department for detailed information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.251
    Latitude
    33.6906

    Nearby Similar for Sale

    • $2,100,000

      Menifee Land in Northern Gateway

      4.85 acre land parcel in Menifee's Northern Gateway Corridor.
      0 Geary, Menifee, CA 92585
      View Details
    • $2,100,000

      Menifee Land in Growth Area

      2.32 acres of land in path of growth.
      5 Holland Rd, Menifee, CA 92584
      View Details
    • $274,900

      Menifee Land Opportunity

      Strategically located 0.70-acre parcel in rapidly expanding Menifee growth corridor.
      30970 Melvin, Menifee, CA 92584
      View Details
    • $130,000

      Menifee Land with Panoramic Views

      1.14 acre lot in Menifee with city light views.
      0 Conejo Drive, Menifee, CA 92587
      View Details
    • $6,595,200

      Multi-Tenant Building in Growing City

      Fully leased commercial building with long-term tenants in Menifee.
      28830 McCall Blvd, Menifee, CA 92585
      View Details
    • $295,000

      Menifee Vacant Land Parcel

      Vacant land in a peaceful, semi-rural Menifee setting.
      25350 Waldon Road, Menifee, CA 92580
      View Details
    • $417,000

      Spacious Menifee Land Parcel

      Large 5.48 acre lot in Menifee, California.
      25390 Bundy Canyon Road, Menifee, CA 92584
      View Details
    • $379,000

      Menifee View Parcel Opportunity

      10-acre view parcel in a semi-rural area of Menifee.
      0 Wright, Menifee, CA 92584
      View Details
    • $195,000

      Menifee Vacant Land Parcel

      One-acre vacant land parcel in a peaceful, semi-rural Menifee.
      25325 Waldon Road, Menifee, CA 92584
      View Details
    • $1,699,000

      Menifee Land Near Shopping

      Flat 4.85 acre lot near shopping and residential area.
      0 Geary Street, Menifee, CA 92585
      View Details
    • $349,000

      Expansive Lot in Growing Neighborhood

      1.63-acre lot to build your dream home in Menifee.
      0 Murrieta Rd, Menifee, CA 92584
      View Details
    • $795,000

      Menifee Land Parcel For Sale

      59-acre parcel in Menifee near Murrieta with panoramic views.
      33515 Wild Lilac, Menifee, CA 92584
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot available in Menifee, California.
    Where is this residential land & home lot located?
    The property is located at 0 Lake Drive Menifee, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Corner lot location.; Located at Lake & Palm.; Up hill property.
    (714) 926-5621
    We can help!
    Listing Contact
    Lyon Quan Doan
    Real Estate License ID: 01066145
    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

    Thank You for Inquiry
    0 Lake Drive, Menifee, CA 92587
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!