Add Listing
    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

    34281 Monte Vista Dr Wildomar, CA

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

    5.68 acre lot with freeway frontage and easy access.

    Type:LAND
    Property size:
    247,419 SF
    Lot size:
    5.68 Acres
    Price / SF:
    $11/SF
    Added:
    Jul 14, 2021
    Days on Market:
    1746
    Last Refresh:
    Apr 5 at 8:54 pm

    Property Features for 34281 Monte Vista Dr

    General Information

    Standard status
    Active
    Size
    247,419 SF
    Lot size
    5.68 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Charley Black
    Charley Black

    Listing agent Charley Black License #1000597

    Listing office Lee & Associates

    Listing date Jul 14, 2021

    Source Moodyscre

    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 Lee & Associates

    Overview

    5.68 Acre Lot in Wildomar

    This property features a 5.68 acre lot, which can be divided into a 2.65 acre lot with a residence or a 3.03 acre lot. The site offers 776 feet of frontage on the 15 Freeway and provides convenient access at Bundy Canyon Road. Buyers are responsible for verifying the availability of in-street utilities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildomar
    County
    Riverside
    State
    California
    Longitude
    -117.268
    Latitude
    33.6229

    Nearby Similar for Sale

    • $699,900
      3,700 SF

      Wildomar Triplex with Income Potential

      Triplex in Wildomar, CA, offering income potential and multiple possibilities.
      21492 Dunn, Wildomar, CA 92595
      View Details
    • $598,000
      672 SF

      Wildomar Commercial Land for Sale

      Commercial land near freeways with development potential in Wildomar, CA.
      36391 Hidden Springs Road, Wildomar, CA 92595
      View Details
    • $1,100,000

      Wildomar Commercial Land Opportunity

      Prime commercial land in fast-growing Wildomar, California.
      21200 Lemon Street, Wildomar, CA 92595
      View Details
    • $129,000

      View Lots in Quiet Neighborhood

      Thirteen parcels totaling 1.21 acres in Wildomar, California.
      13000 Orange Street, Wildomar, CA 92595
      View Details
    • $59,900

      Buildable Lot in Established Neighborhood

      0.14-acre buildable lot in a desirable Wildomar location.
      24871 Orange St, Wildomar, CA 92584
      View Details
    • $59,900

      Buildable Lot in Established Neighborhood

      0.14-acre lot in Wildomar, ready for custom development.
      24835 Orange St, Wildomar, CA 92584
      View Details
    • $59,900

      Buildable Lot in Established Neighborhood

      0.11-acre buildable lot in Wildomar, perfect for custom home.
      24847 Orange St, Wildomar, CA 92584
      View Details
    • $59,900

      Buildable Lot in Established Neighborhood

      0.13-acre buildable lot in Wildomar, CA.
      24859 Orange St, Wildomar, CA 92584
      View Details
    • $240,000

      Scenic Hilltop Land in Wildomar

      1.6 acres with unobstructed views, water meter, fenced and gated.
      33123 Via Margarita Street, Wildomar, CA 92595
      View Details
    • $59,900

      Buildable Lot in Established Neighborhood

      0.14-acre lot in Wildomar, ready for custom home.
      24860 Fir St., Wildomar, CA 92584
      View Details
    • $110,000

      Wildomar Land with Mountain Views

      0.48-acre lot ready for development with utilities available.
      0 Kagel St., Wildomar, CA 92584
      View Details
    • $1,200,000

      Wildomar Land with Approved Plans

      2.37-acre lot with approved plans for 10 single-family homes.
      0 Cherry Street, Wildomar, CA 92595
      View Details

    FAQs

    What type of property is this?
    Land - 5.68 acre lot with freeway frontage and easy access.
    Where is this land located?
    The property is located at 34281 Monte Vista Dr Wildomar, CA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: ±5.68 Acre Lot; Boasting 776' of 15 Freeway Frontage; Easy Freeway Access at Bundy Canyon Road
    (951) 445-4507 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Charley Black
    Charley Black
    Real Estate License ID: 1000597
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!