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    24567 Adams Ave Murrieta, CA 92562

    For Sale
    $1,650,000

    Commercial land near Old Town Murrieta with development potential.

    Lot size:
    2.34 Acres

    Property Features for 24567 Adams Ave

    General Information

    Lot size
    2.34 Acres

    Building Details

    Year built
    1973

    Source: Compass Agent Timothy Diamond

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

    Overview

    Commercial Land Near Old Town

    This commercially zoned land is located near Old Town Murrieta, presenting various development opportunities. The city provides information on CC zoning and potential uses on its website. As Murrieta expands, this property offers an opportunity for investment. Situated one lot from the corner of Adams and Kalmia, there may be the possibility to acquire additional lots fronting Kalmia for a larger development project. Currently, the property features a non-conforming residential structure that is rented, providing income while future development plans are considered.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.2151803
    Latitude
    33.5595772

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    FAQs

    What type of property is this?
    Commercial land - Commercial land near Old Town Murrieta with development potential.
    Where is this commercial land located?
    The property is located at 24567 Adams Ave Murrieta, CA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Zoned CC (Commercial Corridor) offering diverse development possibilities.; - Prime location near Old Town Murrieta.; - Opportunity to acquire property before anticipated price increases due to Murrieta's growth.
    (619) 888-9333
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    Murrieta, CA 92562
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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
    24567 Adams Ave Murrieta, CA 92562
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