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    56480 Us Highway 371 Anza, CA 92539

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    For Sale
    $795,000

    High-visibility commercial property with established tenants and growth potential.

    Lot size:
    1.62 Acres

    Property Features for 56480 Us Highway 371

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.62 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Marea Stinnett
    Source: Elliman

    Listing Agent: Marea Stinnett

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

    Learn more

    Overview

    Anza Valley Business Center Opportunity

    Located along Highway 371, the Anza Valley Business Center is a commercial property in Anza. The property encompasses approximately 1.6 acres across two legal parcels. The center features four commercial buildings currently hosting seven established tenants, and one recently vacated unit. Current tenants include a real estate and insurance office, grocery retailer, locksmith, pet groomer, hair salon, plumbing company, and a nursery/garden center. The property's infrastructure includes two wells, two water storage tanks, and one cistern. Each unit is separately metered for electricity. Situated on a high-traffic corner, this location has been a central commercial hub in Anza since the 1950s. With its C-P-S zoning, strategic location and existing infrastructure, the property offers established income with excellent potential for continued growth, modernization, or redevelopment.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Dental Office Auto Parts Store Gym & Fitness Center Big Box & Wholesale Store Department Store Kitchen & Bath Showroom Storage Facility Auto Repair Shop HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Anza
    County
    Riverside
    State
    California
    Longitude
    -116.673942
    Latitude
    33.554587

    Nearby Similar for Sale

    • $339,000

      Anza Commercial Building on Highway

      Commercial building ready for new business on US Highway frontage.
      56965 Ca-371, Anza, CA 92539
      View Details
    • $325,000

      Commercial Parcel on Highway 371

      One-acre commercial parcel with house and metal building/barn.
      57131 Us Highway 371, Anza, CA 92539
      View Details
    • $325,000
      2,300 SF

      Anza Highway 371 Retail Property

      Prime Anza Commercial Acreage, High Visibility
      57131 Hwy, Anza, CA 92539
      View Details

    FAQs

    What type of property is this?
    Shopping center - High-visibility commercial property with established tenants and growth potential.
    Where is this shopping center located?
    The property is located at 56480 Us Highway 371 Anza, CA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Prime commercial property with **high visibility frontage on Highway 371**.; - Established income from seven existing tenants with diverse businesses.; - Located on 1.6 acres across two parcels in the heart of Anza Valley.
    (951) 541-4503
    Request Owner's contact information
    56480 Us Highway 371 Anza, CA 92539
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    Anza, CA 92539
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    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
    56480 Us Highway 371 Anza, CA 92539
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    We can help!
    Listing Contact
    Marea Stinnett
    Real Estate License ID: 01458260
    (951) 541-4503 (951) 763-2500
    Learn more
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