Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27392 Nuevo Rd Perris, CA 92567

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,980,000

    Mix Use designated land near stores, schools, and Freeway 215.

    Lot size:
    6.56 Acres

    Property Features for 27392 Nuevo Rd

    General Information

    Standard status
    Active
    Lot size
    6.56 Acres

    We can help!

    Listing Contact
    Chris Wen
    Chris Wen
    Source: Crexi

    Listing Agency: Walton Realty Inc. Listing Agent: Chris Wen

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

    Learn more

    Overview

    Mix Use Land in Perris

    This property is designated for Mix Use (MU) in the Lakeview/Nuevo Area Riverside County General Plans, situated in the unincorporated Perris area, approximately 0.4 miles from the City of Perris boundary. It offers a location suitable for a mix-use project on Nuevo Road, featuring 382 feet of frontage. Water and electricity are available on site. The Mix Use Zone allows for multiple family dwellings, certain non-residential uses such as stores, shops, schools, offices, and services, or a combination of multiple family dwellings with certain non-residential uses. Verification with the county is recommended for specific usage and conditional use permits. The property provides easy access to Freeway 215 and is located near stores, schools, churches, and residential areas. Nearby points of interest include Orange Vista High School, Starbucks, Walmart Supercenter, Sizzler, Stater Bros, Kindred Hospital, Redlands Towne Square Apartment, Lake Perris concession area, and the Perris Valley Panthers sport field. This land presents an opportunity for development or investment.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Hair Salon Gym & Fitness Center Kitchen & Bath Showroom Daycare Center Clothing & Fashion Store Home Appliance Store Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.185019
    Latitude
    33.8021365

    Nearby Similar for Sale

    • $1,999,000
      5,616 SF

      Perris Industrial Warehouse with Offices

      Industrial warehouse with offices, fenced yard, and included furnishings.
      3456 Webster Ave, Perris, CA 92571
      View Details
    • $525,000
      1,224 SF

      Perris Commercial Condo For Sale

      Commercial condo in Perris, CA, with easy freeway access.
      130 Walnut Ave W, Perris, CA 92571
      View Details
    • $2,200,000
      7,500 SF

      Perris Retreat Facility on 13+ Acres

      Versatile retreat facility and place of worship on 13.88 acres.
      21871 Richard St, Perris, CA 92570
      View Details
    • $7,500,000
      1,000 SF

      49-Acre Property on Cajalco Rd

      Prime land with high visibility and growth potential in Perris.
      19255 Wood Rd, Perris, CA 92570
      View Details
    • $1,250,000
      5,895 SF

      Perris Multifamily Property with Development Potential

      1.1 acre lot with 5 units, pool, and development potential.
      4439 Wade Ave, Perris, CA 92571
      View Details
    • $3,500,000
      Pending

      Downtown Perris Commercial Portfolio

      Four buildings, ten units in Perris Downtown Redevelopment Area.
      318 S D St, Perris, CA 92570
      View Details
    • $1,250,000

      Light-Industrial Zoned Multifamily Property

      1.1 acre parcel with 5 units, pool, and storage.
      4439 Wade Ave, Perris, CA 92571
      View Details
    • $3,540,000
      12,000 SF

      Perris Industrial/Manufacturing Opportunity

      Industrial/Manufacturing property near key locations with access to major transportation.
      328 Malbert St, Perris, CA 92570
      View Details
    • Contact for pricing

      Freeway Plaza Retail Opportunity

      80,490 SF shopping center with freeway frontage in Perris.
      333 Wilkerson Ave, Perris, CA 92570
      View Details
    • $3,759,800

      Freestanding Industrial Building Near I-215

      Freestanding industrial building located near the I-215 freeway.
      1722 Illinois Ave, Perris, CA 92570
      View Details
    • $1,250,000
      1,878 SF

      Downtown Perris Mixed-Use Opportunity

      High-traffic corner lot, new construction.
      378 4Th St, Perris, CA 92570
      View Details

    FAQs

    What type of property is this?
    Commercial land - Mix Use designated land near stores, schools, and Freeway 215.
    Where is this commercial land located?
    The property is located at 27392 Nuevo Rd Perris, CA.
    What is the asking price?
    The asking price for this property is $1,980,000.
    What are key features of this property?
    This property features: - Mix Use (MU) zoning allows for multiple development possibilities.; - Excellent location on Nuevo Road with **382 feet of frontage**.; - Water and electricity are already on site.
    (909) 576-6888
    Request Owner's contact information
    27392 Nuevo Rd Perris, CA 92567
    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.
    27392 Nuevo Rd
    Perris, CA 92567
    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
    27392 Nuevo Rd Perris, CA 92567
    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
    Chris Wen
    Chris Wen
    Real Estate License ID: 01009134
    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!