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    I-215 Fwy And Illinois Ave Perris, CA

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    For Sale
    Contact for pricing

    6.92 acres approved for mixed-use development with freeway visibility.

    Property size:
    301,435 SF
    Lot size:
    6.92 Acres

    Property Features for I-215 Fwy And Illinois Ave

    General Information

    Size
    301,435 SF
    Lot size
    6.92 Acres

    Source: Colliers Agent Chris DeVries

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

    Overview

    Freeway Frontage Development Land

    This property features approximately 6.92 acres of land available for development. It benefits from frontage on the freeway. The site is located within a commercial community and is part of a planned development zoning district. The property has been approved for the construction of 20 mixed-use condos and 6 light industrial buildings. It is fully entitled and consists of 8 parcels. All utilities are stubbed to the site. The location offers excellent visibility from the I-215 Freeway.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.2286478
    Latitude
    33.7825194

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    FAQs

    What type of property is this?
    Land - 6.92 acres approved for mixed-use development with freeway visibility.
    Where is this land located?
    The property is located at I-215 Fwy And Illinois Ave Perris, CA.
    What are key features of this property?
    This property features: - Fully Entitled, 8 Parcels, With All Utilities Stubbed To The Site; - Approved For **20 Mixed Use Condos & 6 Light Industrial Buildings**; - Commercial Community- Planned Development Zoning District
    (949) 724-5504
    Request Owner's contact information
    I-215 Fwy And Illinois Ave Perris, CA
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    Perris, CA
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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

    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.

    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
    I-215 Fwy And Illinois Ave Perris, CA
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