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    23971 Newport Dr Menifee, CA 92587

    For Sale
    $525,000

    Prime Menifee location, remodeled office, large lot.

    Property size:
    1,085 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property presents a rare opportunity in the burgeoning Menifee market. Located at 23971 Newport Drive, this 1,085 square foot office space has undergone a complete remodel, boasting newer windows, electrical system, energy-efficient LED ceiling lights, fresh drywall, paint, flooring, and fixtures. The property includes a detached two-car garage/workshop, ideal for storage or additional workspace. While currently utilized as a tax preparation business, its versatile layout lends itself to a variety of commercial uses. A significant advantage is the expansive lot size. Although the main building sits on a 0.35-acre parcel, the sale encompasses two additional connecting parcels, totaling 15,246 square feet of land. These additional lots are fully fenced, providing ample space for expansion, outdoor storage, or additional development. This property offers a unique blend of renovated interior space and substantial land area, making it an attractive investment in a rapidly growing area. The combination of a remodeled building and the significant additional land presents a compelling opportunity for both established businesses and forward-thinking entrepreneurs. The property's location in Menifee, CA, offers easy access to major transportation routes and a thriving community.

    Property Features for 23971 Newport Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,085 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1937
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.2412
    Latitude
    33.70123

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Menifee location, remodeled office, large lot.
    Where is this commercial real estate located?
    The property is located at 23971 Newport Dr Menifee, CA.
    What is the asking price?
    The asking price for this property is $525,000.
    (951) 672-6711
    Request Owner's contact information
    23971 Newport Dr Menifee, CA 92587
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    Realmo Value Estimation

    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

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    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.

    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
    23971 Newport Dr Menifee, CA 92587
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