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
    The Largest CRE Database in the US with Over 1 Million Listings

    Wheeler Rd Menifee, CA 92584

    Sponsored
    For Sale
    Pending
    Contact for pricing

    Land/Lot - Menifee, CA

    Lot size:
    20,038.00 Acres
    Days on Market:
    35
    Last Refresh:
    Jan 22 at 8:06 pm

    Property Features for Wheeler Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    unknown
    APN
    361193004
    Exterior features
    Community Features Included: Rural
    Lot size
    20,038.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MILES TURNER
    MILES TURNER

    Windermere Inland properties (951) 369-8002 [email protected]

    Listing agent MILES TURNER (951) 369-8002 License #01398531

    Listing date Dec 19, 2025

    MLS# IV25260521 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

    Menifee Land Build Site

    This 0.46-acre land/lot is located in Menifee, California. It is a build site opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.224081
    Latitude
    33.645779

    Nearby Similar for Sale

    • $2,500,000
      Pending

      Menifee Kennel Ranch and Horse Farm

      Nearly 18-acre pet resort and kennel with multiple dwellings.
      31585 Briggs Rd, Menifee, CA 92584
      View Details
    • $1,600,000
      4,875 SF

      Menifee Quadruplex in Community Core

      Quadruplex located in Menifee's Economic Development Corridor.
      30640 Old Windmill Rd, Menifee, CA 92584
      View Details
    • $1,200,000
      2,290 SF

      Menifee Commercial Building For Sale

      Stand-alone commercial building in Menifee with C1-CP zoning.
      29054 Goetz Rd, Sun City, CA 92587
      View Details
    • $82,500

      Affordable Home in Senior Community

      Manufactured home in 55+ community with clubhouse and pool.
      27701 Murrieta 125, Menifee, CA 92586
      View Details
    • $1,100,000

      Menifee Commercial Property For Sale

      3200 sqft metal building with business park zoning.
      27915 Ethanac Rd, Menifee, CA 92585
      View Details
    • $305,900
      1,006 SF

      Menifee Senior Community Condominium

      Well-maintained 2-bedroom, 2-bathroom condominium in a vibrant senior community.
      29370 Murrieta Rd, Menifee, CA 92586
      View Details
    • $310,000
      1,285 SF

      Sun City Villas Home

      Charming 2-bedroom home in a vibrant 55+ community.
      28192 Buena Mesa Dr, Menifee, CA 92586
      View Details
    • $175,000
      1,440 SF

      Updated Home in 55+ Community

      Move-in ready home in vibrant Menifee 55+ community.
      27601 Sun City Blvd, Menifee, CA 92586
      View Details
    • $299,900
      1,285 SF

      Active Adult Community Condo

      Single-story condo in a vibrant 55+ active adult community.
      28267 Paseo Grande Dr, Menifee, CA 92586
      View Details
    • $139,000
      1,344 SF

      Senior Living Mobile Home

      55+ gated community with pool, spa, and clubhouse.
      27601 Sun City Blvd, Menifee, CA 92586
      View Details
    • $290,000
      1,285 SF

      Move-In Ready Condo in Menifee

      Charming 2-bedroom condo in 55+ community with great amenities.
      26044 Verde Grande Ct, Menifee, CA 92586
      View Details
    • Contact for pricing
      229,934 SF

      New Construction Warehouse Space

      New construction warehouse with 36' clear height and ample parking.
      33520 Zeiders Rd, Menifee, CA 92584
      View Details

    FAQs

    What type of property is this?
    Land - Land/lot available in Menifee, California.
    Where is this land located?
    The property is located at Wheeler Rd Menifee, CA.
    What is the asking price?
    The asking price for this property is $15,100.
    What are key features of this property?
    This property features: - Build site opportunity; - Located in Menifee; - Rural community features included
    (951) 640-7345
    Request Owner's contact information
    Wheeler Rd Menifee, CA 92584
    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.
    Wheeler Rd
    Menifee, CA 92584
    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
    Wheeler Rd Menifee, CA 92584
    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
    MILES TURNER
    MILES TURNER
    Real Estate License ID: 01398531
    (951) 640-7345
    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.