Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Land in Growing Menifee Title is generated by Realmo AI

    24585 Ennis St, Menifee, CA 92584

    View on Map
    Claim this Listing
    For Sale
    $69,000

    0.23 acre vacant land parcel in Menifee, California.

    Type:Land
    Lot size:
    0.23 Acres
    Added:
    May 14, 2026
    Days on Market:
    18
    Last Refresh:
    May 14 at 10:53 pm

    Property Features for 24585 Ennis St

    General Information

    Standard status
    Active
    Lot size
    0.23 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Elizabeth Jones
    Elizabeth Jones

    Listing agent Elizabeth Jones License #01933366

    Listing office Keller Williams - Temecula Valley

    Listing date May 14, 2026

    Source Elliman

    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 Keller Williams - Temecula Valley

    HighLights

    • Opportunity to own vacant land in the growing City of Menifee.
    • Affordably priced land with long‑term investment potential.
    • Seller may consider financing with a strong down payment.
    • Located in a peaceful, rural setting.
    • Close proximity to shopping, dining, schools, and major roadways.
    • Blank canvas to build or invest.

    Overview

    This is an opportunity to own approximately 0.23 acres of vacant land in Menifee. The raw parcel has no utilities. It is located in a rural setting with dirt road access, providing a quiet atmosphere while still being within reach of shopping, dining, schools, and major roadways. The property is surrounded by open land. The bike score is 20, indicating it is somewhat bikeable, and the walk score is 2, indicating car dependence.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Kitchen & Bath Showroom Bar & Pub Garden Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.23073
    Latitude
    33.645874

    Nearby Similar for Sale

    • $2,100,000

      Menifee Land in Northern Gateway

      4.85 acre land parcel in Menifee's Northern Gateway Corridor.
      0 Geary, Menifee, CA 92585
      View Details
    • $2,100,000

      Menifee Land in Growth Area

      2.32 acres of land in path of growth.
      5 Holland Rd, Menifee, CA 92584
      View Details
    • $274,900

      Menifee Land Opportunity

      Strategically located 0.70-acre parcel in rapidly expanding Menifee growth corridor.
      30970 Melvin, Menifee, CA 92584
      View Details
    • $130,000

      Menifee Land with Panoramic Views

      1.14 acre lot in Menifee with city light views.
      0 Conejo Drive, Menifee, CA 92587
      View Details
    • $6,595,200

      Multi-Tenant Building in Growing City

      Fully leased commercial building with long-term tenants in Menifee.
      28830 McCall Blvd, Menifee, CA 92585
      View Details
    • $295,000

      Menifee Vacant Land Parcel

      Vacant land in a peaceful, semi-rural Menifee setting.
      25350 Waldon Road, Menifee, CA 92580
      View Details
    • $417,000

      Spacious Menifee Land Parcel

      Large 5.48 acre lot in Menifee, California.
      25390 Bundy Canyon Road, Menifee, CA 92584
      View Details
    • $379,000

      Menifee View Parcel Opportunity

      10-acre view parcel in a semi-rural area of Menifee.
      0 Wright, Menifee, CA 92584
      View Details
    • $195,000

      Menifee Vacant Land Parcel

      One-acre vacant land parcel in a peaceful, semi-rural Menifee.
      25325 Waldon Road, Menifee, CA 92584
      View Details
    • $1,699,000

      Menifee Land Near Shopping

      Flat 4.85 acre lot near shopping and residential area.
      0 Geary Street, Menifee, CA 92585
      View Details
    • $349,000

      Expansive Lot in Growing Neighborhood

      1.63-acre lot to build your dream home in Menifee.
      0 Murrieta Rd, Menifee, CA 92584
      View Details
    • $795,000

      Menifee Land Parcel For Sale

      59-acre parcel in Menifee near Murrieta with panoramic views.
      33515 Wild Lilac, Menifee, CA 92584
      View Details

    FAQs

    What type of property is this?
    Land - 0.23 acre vacant land parcel in Menifee, California.
    Where is this land located?
    The property is located at 24585 Ennis St Menifee, CA.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: Opportunity to own vacant land in the growing City of Menifee.; Affordably priced land with long‑term investment potential.; Seller may consider financing with a strong down payment.
    (951) 970-4771
    We can help!
    Listing Contact
    Elizabeth Jones
    Elizabeth Jones
    Real Estate License ID: 01933366
    Learn More
    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
    24585 Ennis St, Menifee, CA 92584
    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!