Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Heacock/Eucalyptus Corner Lot Opportunity Title is generated by Realmo AI

    12922 Heacock, Moreno Valley, CA 92553

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.4+- acre signal corner lot with high-density zoning.

    Type:Land
    Lot size:
    1.40 Acres
    Added:
    Jun 18, 2024
    Days on Market:
    704
    Last Refresh:
    Mar 16 at 3:28 pm

    Property Features for 12922 Heacock

    General Information

    Standard status
    Active
    Lot size
    1.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Henna Jalal

    Listing agent Henna Jalal License #02058692

    Listing office Gold Team Realty

    Listing date Jun 18, 2024

    Source Crexi

    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 Gold Team Realty

    HighLights

    • High‑density zoning (COM U) allows for significant development potential.
    • Signal corner lot location on Heacock/Eucalyptus.
    • Total of 1.4+- acres consisting of 5 separate parcels.
    • Potential to build up to 25 regular units or 50 senior units per acre.
    • Suitable for various development projects, including medical office buildings or a strip mall with a gas station.
    • Multiple parcel numbers: 481‑270‑038, 481‑270‑039, 481‑270‑040, 481‑270‑059, 481‑270‑060.

    Overview

    This 1.4+- acre commercial real estate property is a signal corner lot located at Heacock and Eucalyptus. The property consists of five separate parcels. The city has rezoned the area to Corridor Mixed Use (COM U) with high density. This zoning allows for the construction of 25 regular units or 50 senior units per acre, making it suitable for residential development. Alternatively, the site could accommodate a medical office building exceeding 20,000 square feet or a strip mall with a gas station. Interested parties should verify all possible uses and the lot size. The land comprises parcel numbers 481-270-038, 481-270-039, 481-270-040, 481-270-059, and 481-270-060. Adjacent to the property is a 3-bedroom house on a 0.5+- acre lot, available separately, along with another adjacent 0.5+- acre vacant lot, also sold separately.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.2432346
    Latitude
    33.9323912

    Nearby Similar for Sale

    • $1,475,000
      5,000 SF

      Income Producing Multifamily Property

      Four single-family residences with ADU potential in Moreno Valley.
      24379 Myers Avenue, Moreno Valley, CA 92553
      View Details
    • $585,000

      Moreno Valley Land Investment Opportunity

      Land on Alessandro Blvd suitable for mixed-use development.
      25767 Alessandro Boulevard, Moreno Valley, CA 92553
      View Details
    • $1,350,000

      Prime Corner Lot in Moreno Valley

      1 acre corner lot near major developments in Moreno Valley.
      13980 Nason, Moreno Valley, CA 92555
      View Details
    • $4,500,000
      23,136 SF

      Moreno Valley Commercial Office Building

      Two-story commercial office building in Moreno Valley, California for sale.
      13027 Perris Boulevard, Moreno Valley, CA 92553
      View Details
    • $650,000

      Moreno Valley RA-2 Zoned Land

      2.18 acre lot zoned RA-2 in Moreno Valley.
      0 Oliver Street, Moreno Valley, CA 92555
      View Details
    • $1,950,000

      Moreno Valley Commercial Land Opportunity

      7.39-acre commercial lot with high visibility and freeway access.
      0 Theodore Street, Moreno Valley, CA 92555
      View Details
    • $1,999,000

      Moreno Valley Residential Development Opportunity

      27.68 acre residential development opportunity in Moreno Valley, CA.
      0 Jaclyn Ave, Moreno Valley, CA 92557
      View Details
    • $1,900,000
      4,375 SF

      Moreno Valley Retail Property For Sale

      Prime retail property in Moreno Valley with high traffic exposure.
      24200 Sunnymead Boulevard, Moreno Valley, CA 92553
      View Details
    • $425,000

      Moreno Valley Land Parcel

      8.48 acre lot in Moreno Valley, California.
      0 Sean Court, Moreno Valley, CA 92555
      View Details
    • $4,500,000

      Moreno Valley Office Building For Sale

      Two-story commercial office building with 24 units and ample parking.
      13027 Perris Blvd, Moreno Valley, CA 92553
      View Details
    • $3,950,000

      Single Tenant Retail Investment Opportunity

      NNN leased retail building in TownGate Crossing Shopping Mall.
      12450 Day, Moreno Valley, CA 92553
      View Details
    • $3,500,000

      Retail Center in Moreno Valley

      Income-producing retail center with diversified tenants and upgraded amenities.
      14920 Perris Blvd, Moreno Valley, CA 92553
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.4+- acre signal corner lot with high-density zoning.
    Where is this commercial land located?
    The property is located at 12922 Heacock Moreno Valley, CA.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: High‑density zoning (COM U) allows for significant development potential.; Signal corner lot location on Heacock/Eucalyptus.; Total of 1.4+- acres consisting of 5 separate parcels.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Henna Jalal
    Real Estate License ID: 02058692
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    12922 Heacock, Moreno Valley, CA 92553
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!