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    23971 Newport Dr Menifee, CA 92587

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    For Lease
    $1,995 /Mo

    Stand-alone building with parking, furnished, suitable for professional use.

    Lot size:
    0.33 Acres

    Property Features for 23971 Newport Dr

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1937

    Source: LEGACY HOMES REALTY Agent Gaurav Baweja

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

    Overview

    Furnished Commercial Building with Parking

    This stand-alone commercial building, formerly a tax office, is available for lease. The property includes 2 rear garage spaces suitable for parking or storage, as well as ample on-site parking. The space is fully furnished with desks and chairs. It is suited for a real estate office, escrow company, or other professional use. The property is available now with a one-year minimum lease term; long-term leases are preferred.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.251
    Latitude
    33.6906

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    FAQs

    What type of property is this?
    Office space - Stand-alone building with parking, furnished, suitable for professional use.
    Where is this office space located?
    The property is located at 23971 Newport Dr Menifee, CA.
    What are key features of this property?
    This property features: - Fully furnished with desks and chairs, ready for immediate occupancy.; - Ample on-site parking for employees and clients.; - Includes 2 rear garage spaces for parking or storage.
    (951) 314-4251
    Request Owner's contact information
    23971 Newport Dr Menifee, CA 92587
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    Menifee, CA 92587
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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
    23971 Newport Dr Menifee, CA 92587
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