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    Wildomar Industrial Land Opportunity Title is generated by Realmo AI

    24500 Catt Road, Wildomar, CA 92595

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    Claim this Listing
    For Sale
    $2,250,000

    1.78 acres of industrial land on a main highway.

    Type:Commercial/Industrial
    Property size:
    87,120 SF
    Lot size:
    74,923.20 Acres
    Price / SF:
    $25/SF
    Added:
    Sep 17, 2023
    Days on Market:
    993
    Last Refresh:
    May 20 at 12:58 am

    Property Features for 24500 Catt Road

    General Information

    Standard status
    Active
    Size
    87,120 SF
    Lot size
    74,923.20 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1926

    We can help!

    Listing Contact
    Linda Mejia

    Listing agent Linda Mejia License #01879187

    Listing office United Community Realty, Inc

    Listing date Sep 17, 2023

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of United Community Realty, Inc

    HighLights

    • 1.78 acres with 370 feet of frontage on the main highway in a high‑growth area.
    • Located on the main highway between the I‑215 and I‑15 freeways, offering excellent accessibility.
    • Zoned General Industrial Park, suitable for a wide range of industries.
    • In the pipeline for street widening to 4/6 lanes by the city, improving traffic flow.
    • Close proximity to Murrieta, Temecula, and Lake Elsinore.
    • Conveniently located approximately 1.5 hours from major Southern California locations.

    Overview

    This 1.78-acre parcel of land is available in Wildomar, situated on the main highway with 370 lineal feet of frontage. The property is located in a growth area and is in the pipeline for street widening to 4/6 lanes by the city. It is zoned for General Industrial Park use, suitable for various industries and manufacturing, including food, lumber, paper products, textile, leather products, chemical, glass products, metal, machinery, electrical products, transportation-related businesses, engineering, scientific, financial, public offices, fire, police, utilities, public services, restaurants, and churches/shelters. The location is between Murrieta, Temecula, and Lake Elsinore in Southwest Riverside County. Development is ongoing, with infrastructure improvements planned for a 6-lane highway connector from the I15 to the I215 to Menifee. The area is experiencing growth in tract home construction, retail shopping centers, major industrial park zones, and healthcare facilities. Nearby recreational amenities include the Jack Nicklaus Bear Creek Golf Club, Canyon Lake, and the Lake Elsinore Summerly Golf Course. Temecula Wine Country, featuring over 50 wineries, is twelve miles away. The City of Wildomar is approximately 1.5 hours from LA Airport, San Diego Airport, and Palm Springs Airport. Permitted uses are defined in WMC, Chapter 17.88.019 to 17.88.040 I-P. Due diligence is required with Riverside County for utilities, water district, septic, and boundaries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildomar
    County
    Riverside
    State
    California
    Longitude
    -117.233
    Latitude
    33.5981

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    FAQs

    What type of property is this?
    Industrial land - 1.78 acres of industrial land on a main highway.
    Where is this industrial land located?
    The property is located at 24500 Catt Road Wildomar, CA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 1.78 acres with **370 feet of frontage on the main highway** in a high‑growth area.; Located on the main highway between the I‑215 and I‑15 freeways, offering excellent accessibility.; Zoned General Industrial Park, suitable for a wide range of industries.
    (951) 775-5163
    We can help!
    Listing Contact
    Linda Mejia
    Real Estate License ID: 01879187
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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
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    24500 Catt Road, Wildomar, CA 92595
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