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    42606002 Ramona Espressway/Lakeview Ave Lakeview, CA 92567

    For Sale
    $1,250,000

    Corner lot with high visibility, ideal for commercial development.

    Lot size:
    1.78 Acres

    Property Features for 42606002 Ramona Espressway/Lakeview Ave

    General Information

    Lot size
    1.78 Acres

    Source: AARE Agent Teresa Swegheimer

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

    Overview

    Commercial Corner Lot for Sale

    This commercial corner lot offers high visibility and substantial drive-by traffic from both Ramona Expressway and Lakeview Avenue. The property is located across from a gas station on one corner and a restaurant on the other. The flat and level lot features frontage road paved and maintained by Riverside County. The location is highly traveled by daily commuters as Ramona Expressway serves as a main artery to and from Riverside/Hemet and Palm Springs. Lake Perris, offering fishing, watersports, hiking, horse trails, and overnight camping, is only a few miles away. Potential future developments for the property include a storefront, restaurant, or convenience/gas station. Riverside County has proposed widening the north side of the property, which may have some impact. Disclosures from the county will be provided as they become available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lakeview
    County
    Riverside
    State
    California
    Longitude
    -117.11
    Latitude
    33.8416

    FAQs

    What type of property is this?
    Land - Corner lot with high visibility, ideal for commercial development.
    Where is this land located?
    The property is located at 42606002 Ramona Espressway/Lakeview Ave Lakeview, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - High-visibility corner lot with significant drive-by traffic.; - Commercial zoning suitable for storefront, restaurant, or convenience/gas station development.; - Flat, level lot with paved and maintained frontage road.
    (951) 776-7411
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    42606002 Ramona Espressway/Lakeview Ave Lakeview, CA 92567
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    Lakeview, CA 92567
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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
    42606002 Ramona Espressway/Lakeview Ave Lakeview, CA 92567
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