Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land Parcel For Sale Title is generated by Realmo AI

    1032 Western Knolls, Beaumont, CA 92223

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Five-acre commercial land parcel with highway frontage in a growing city.

    Type:Land
    Lot size:
    5.00 Acres
    Added:
    Mar 14, 2022
    Days on Market:
    1527
    Last Refresh:
    Mar 16 at 3:32 pm

    Property Features for 1032 Western Knolls

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Pete Tripp

    Listing agent Pete Tripp License #CA 00877128

    Listing office Better Homes and Gardens Real Estate Oak Valley

    Listing date Mar 14, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens Real Estate Oak Valley

    HighLights

    • 5 acres of Hwy 60 frontage
    • Zoned Urban Village (check supplements for permitted uses)
    • Located near the I‑10/Hwy 60 interchange
    • Located in one of California's fastest‑growing cities
    • Located east of the Potrero Blvd Bridge/freeway overcrossing
    • Great opportunity

    Overview

    This is a five-acre commercial land parcel with frontage on Highway 60. The property is located west of the Interstate 10 and Highway 60 interchange and east of the Potrero Boulevard bridge and freeway overcrossing. The zoning is Urban Village, and permitted uses are listed in the supplements.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Riverside
    State
    California
    Longitude
    -117.0051965
    Latitude
    33.935478

    Nearby Similar for Sale

    • $549,000
      934 SF

      Renovated Beaumont Property with Manufacturing Zoning

      Renovated Beaumont property with manufacturing zoning, offering versatile opportunities.
      395 W 4th, Beaumont, CA 92223
      View Details
    • $650,000
      2,000 SF

      Prime Commercial Property in Beaumont

      Exceptional commercial property in a rapidly growing city.
      595 E 6th, Beaumont, CA 92223
      View Details
    • $349,000
      1,440 SF

      Beaumont Commercial Space For Sale

      Move-in ready office space in revitalizing downtown Beaumont.
      163 E 6th Street, Beaumont, CA 92223
      View Details
    • $549,000
      1,000 SF

      Renovated Beaumont Home with Manufacturing Zoning

      Versatile, renovated home with manufacturing zoning on a spacious corner lot.
      395 W 4th, Beaumont, CA 92223
      View Details
    • $13,991,450
      254,390 SF

      Beaumont Commercial Land For Sale

      5+ acre commercial land parcel in Beaumont, CA.
      249 Veile Avenue, Beaumont, CA 92223
      View Details
    • $449,000
      2,897 SF

      Mixed-Use Property in Beaumont, CA

      Multi-use property with commercial space and apartments in Beaumont.
      167 E 6th Street, Beaumont, CA 92223
      View Details
    • $200,000

      Beaumont Land Redevelopment Opportunity

      Fire-damaged property on 11,761 sq ft lot for sale.
      635 American, Beaumont, CA 92223
      View Details
    • $2,400,000
      7,089 SF

      Beaumont Multifamily Investment Opportunity

      Well-maintained 12-unit apartment complex in a high-growth area.
      677 Magnolia Avenue, Beaumont, CA 92223
      View Details
    • $573,000
      1,960 SF

      Beaumont Mixed-Use Commercial Opportunity

      Commercial property with residential farmhouse in downtown Beaumont, CA.
      559 Edgar Avenue, Beaumont, CA 92223
      View Details
    • $88,500

      Beaumont Land/Lot Opportunity

      Two side-by-side lots totaling 0.78 acres in Beaumont, CA.
      0 W 4th Street, Beaumont, CA 92223
      View Details
    • $225,000

      Beaumont Buildable Lot Opportunity

      Buildable lot in Beaumont near amenities and freeways.
      743 American Avenue, Beaumont, CA 92223
      View Details
    • $310,000

      Beaumont Land on Busy Street

      Vacant land with utilities in thriving Beaumont, California.
      1257 E 6th Street, Beaumont, CA 92223
      View Details

    FAQs

    What type of property is this?
    Commercial land - Five-acre commercial land parcel with highway frontage in a growing city.
    Where is this commercial land located?
    The property is located at 1032 Western Knolls Beaumont, CA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 5 acres of Hwy 60 frontage; Zoned Urban Village (check supplements for permitted uses); Located near the I‑10/Hwy 60 interchange
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Pete Tripp
    Real Estate License ID: CA 00877128
    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

    Thank You for Inquiry
    1032 Western Knolls, Beaumont, CA 92223
    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!