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

    Palm Ave Lake Elsinore, CA 92530

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant lot near the lake, verify utility and zoning.

    Lot size:
    0.05 Acres

    Property Features for Palm Ave

    General Information

    Lot size
    0.05 Acres

    We can help!

    Listing Contact
    Goran Forss
    Source: Elliman

    Listing Agency: Team Forss Realty Group Listing Agent: Goran Forss

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

    Learn more

    Overview

    Vacant Lot Near Lake

    This vacant lot is located within walking distance of the lake. The property is narrow and currently not suitable for building. Combining this lot with neighboring properties could potentially allow for construction. Buyers and their agents are responsible for verifying utility and zoning information.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.39
    Latitude
    33.5976

    Nearby Similar for Sale

    • New
      $1,390,000
      6,183 SF

      Freestanding Commercial Building with Drive-Thru

      Versatile commercial building in high-traffic location, suitable for various uses.
      2495 E Lakeshore Dr, Lake Elsinore, CA 92530
      View Details
    • $929,900
      1,560 SF

      Upgraded Commercial Building in Lake Elsinore

      Modern, upgraded commercial building with high visibility and flexible layout.
      30830 Riverside Dr, Lake Elsinore, CA 92530
      View Details
    • $535,000
      1,715 SF

      Lake Elsinore Office Suite

      Spacious office suite in Lake Elsinore's Canyon Estates.
      31569 Canyon Estates Dr, Lake Elsinore, CA 92532
      View Details
    • $520,000
      1,221 SF

      Duplex on Oversized Lot

      Two homes on one lot, great investment opportunity.
      305 W Heald Ave, Lake Elsinore, CA 92530
      View Details
    • $750,000
      2,742 SF

      Upgraded Duplex in Lake Elsinore

      Income-producing duplex near downtown, with remodeled and new construction units.
      138 E Peck St, Lake Elsinore, CA 92530
      View Details
    • $799,000
      2,369 SF

      Turnkey Duplex in Lake Elsinore

      New duplex ideal for rental income or multi-generational living.
      237 E Prospect St, Lake Elsinore, CA 92530
      View Details
    • $3,750,000
      14,500 SF

      Lake Elsinore Multifamily Investment Opportunity

      10-unit property near Lake Elsinore's waterfront with growth potential.
      16459 Joy St, Lake Elsinore, CA 92530
      View Details
    • $740,000
      3,200 SF

      Lake Elsinore Retail Opportunity

      Commercial property with open interior in historic Lake Elsinore.
      119 W Peck St, Lake Elsinore, CA 92530
      View Details
    • $1,373,625
      4,995 SF

      Lake Elsinore Office Space

      Office space available in Lake Elsinore, California.
      600 Central Ave, Lake Elsinore, CA 92530
      View Details
    • $399,000

      Lakeland Village Commercial Retail Space

      Retail space in high-traffic Lakeland Village commercial district.
      17703 Grand Ave, Lake Elsinore, CA 92530
      View Details
    • $535,000

      Spacious Office Suite For Sale

      Ready-to-use office suite in a prestigious location.
      31569 Canyon Estates Dr, Lake Elsinore, CA 92532
      View Details
    • $1,114,120
      34,519 SF

      Office/Medical Condo Near Freeway

      Office/medical condo for sale or lease, convenient freeway access.
      31571 Canyon Estates Dr, Lake Elsinore, CA 92532
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot near the lake, verify utility and zoning.
    Where is this land located?
    The property is located at Palm Ave Lake Elsinore, CA.
    What is the asking price?
    The asking price for this property is $10,000.
    What are key features of this property?
    This property features: - Walking distance to the LAKE!; - Vacant lot.; - Opportunity to combine with neighboring properties.
    (951) 289-3122
    Request Owner's contact information
    Palm Ave Lake Elsinore, CA 92530
    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.
    Palm Ave
    Lake Elsinore, CA 92530
    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
    Palm Ave Lake Elsinore, CA 92530
    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
    Goran Forss
    Real Estate License ID: 01711806
    (951) 289-3122 (951) 302-1492 (951) 760-6027
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!