Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32962 West Ave Wildomar, CA 92595

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $30,000

    Land parcel in Wildomar with development potential and convenient location.

    Lot size:
    0.09 Acres

    Property Features for 32962 West Ave

    General Information

    Lot size
    0.09 Acres

    We can help!

    Listing Contact
    Stephen Ganzon
    Source: Elliman

    Listing Agent: Stephen Ganzon

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

    Learn more

    Overview

    Wildomar Land Parcel For Sale

    This 40x100ft parcel of land is for sale in a great location in Wildomar, situated at the top and just off of Bundy Canyon, just before it connects to Scott Road and becomes Menifee. It offers tons of opportunity for development, or to buy and hold as an investment. Utilities are at the street, allowing for easy connection to city water and electricity. The City of Wildomar allows for manufactured homes, but the buyer is to do their own due diligence. The location provides convenient and easy access to the 15 and 215 freeways, shops, dining, and more. The city is in talks to repave Bundy Canyon Rd with 2 lanes in each direction equipped with street lights, further adding to the potential future value of this parcel of land.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Accounting Firm Auto Parts Store Kitchen & Bath Bar & Pub Garden Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildomar
    County
    Riverside
    State
    California
    Longitude
    -117.2350822
    Latitude
    33.6419995

    Nearby Similar for Sale

    • $465,000
      1,900 SF

      Remodeled Home in Desirable Neighborhood

      Remodeled home in The Farm neighborhood with many community amenities.
      33509 Hayloft St, Wildomar, CA 92595
      View Details
    • Contact for pricing
      261,000 SF

      Industrial Buildings with Secured Truck Court

      Three free-standing industrial buildings with excellent freeway access.
      36363-36387 Elizabeth Ln, Wildomar, CA 92595
      View Details
    • Contact for pricing
      195,642 SF

      Industrial Buildings with Secured Yard

      Two free-standing industrial buildings with excellent freeway access.
      36363-36375 Elizabeth Ln, Wildomar, CA 92595
      View Details
    • Contact for pricing
      15,003 SF

      Wildomar Commerce Center Freestanding Building

      Freestanding building in Wildomar Commerce Center, divisible to 7,500 SF.
      24750 Clinton Keith Rd, Wildomar, CA 92595
      View Details
    • $2,250,000
      9,000 SF

      Wildomar Commercial Property with Freeway Frontage

      Commercial property for sale with freeway frontage and income potential.
      23305 Peggy Ln, Wildomar, CA 92595
      View Details
    • $2,450,000
      9,000 SF

      Prime Wildomar Industrial Property

      High-traffic industrial building, 3+ acres, income producing.
      23305 Peggy Ln, Wildomar, CA 92595
      View Details
    • $5,250,000
      228,000 SF

      Wildomar Trail Development Site

      Prime Industrial Land, Freeway Visible
      34790 Frederick St, Wildomar, CA 92595
      View Details
    • Contact for pricing
      56,799 SF

      Inland Medical Plaza: Prime CA Office

      Medical office building, high occupancy, strong income.
      36450 Inland Valley Dr, Wildomar, CA 92595
      View Details
    • $7,995,000

      Mission Trail Industrial Development

      8.5-acre vacant land, ideal for redevelopment.
      34158 Mission Trl, Wildomar, CA 92595
      View Details
    • $2,900,000
      10,500 SF

      35260 Bayless Rd Unit Wildomar UNIT WILDOMAR, Unit wildomar

      private land with custom home and cannabis facility
      35260 Bayless Rd Unit Wildomar UNIT WILDOMAR, Wildomar, CA 92595
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel in Wildomar with development potential and convenient location.
    Where is this land located?
    The property is located at 32962 West Ave Wildomar, CA.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Great location near Bundy Canyon Rd, offering development or investment potential.; - Utilities at the street (city water/electricity) for easy connection.; - Convenient access to the 15 & 215 freeways, shops, and dining.
    (951) 445-0934
    Request Owner's contact information
    32962 West Ave Wildomar, CA 92595
    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.
    32962 West Ave
    Wildomar, CA 92595
    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
    32962 West Ave Wildomar, CA 92595
    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

    We can help!
    Listing Contact
    Stephen Ganzon
    (951) 445-0934
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.