Neighborhood Shopping Center with Vacant
For Sale
$13,999,999
23571 23579 Sunnymead Ranch Parkway, Moreno Valley, CA 92557
Fee-simple neighborhood center with 87% occupancy and a vacant former grocer anchor for flexible retenanting.
Property Size79,987 SF
Lot Size8.04 Acres
Price / SF$175.03
Days on Market49
Property Features for 23571 23579 Sunnymead Ranch Parkway
General Information
Standard status
Active
Size
79,987 SF
Lot size
8.04 Acres
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
CBD Investment Inc
(951) 226-5454
Listed By:
Henry Liu ([email protected])
Source:
Mrmurrieta
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 2 at 5:14AM
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 CBD Investment Inc
Investment Insights
Based on property information with market context.
Lakeshore Village Marketplace is a fee-simple neighborhood shopping center totaling approximately 79,987 SF. The property is currently about 87% leased, with approximately 34,232 SF of shop space occupied by tenants including Dollar Tree, Del Taco, Jack in the Box, Bank of America ATM, and a mix of restaurants plus dental, salons, and fitness operators. A standout component of the center is a 33,750 SF former grocer anchor box that is currently vacant.
The center is positioned at the main entrance of the Sunnymead Ranch community in North Moreno Valley and is described as having high visibility. The offering includes multiple ingress/egress points and abundant parking to support tenant and customer access.
For buyers and operators, the in-place tenant mix covers daily-needs and service categories and is complemented by a large, vacant anchor box that can support retenanting, subdividing, or repositioning. The property is presented as a community-anchored retail asset with substantial space for future growth, with already-generated interest from a national retailer for the available anchor space.
The center is positioned at the main entrance of the Sunnymead Ranch community in North Moreno Valley and is described as having high visibility. The offering includes multiple ingress/egress points and abundant parking to support tenant and customer access.
For buyers and operators, the in-place tenant mix covers daily-needs and service categories and is complemented by a large, vacant anchor box that can support retenanting, subdividing, or repositioning. The property is presented as a community-anchored retail asset with substantial space for future growth, with already-generated interest from a national retailer for the available anchor space.
Key Highlights
- 1994‑built 179,987 SF fee‑simple neighborhood shopping center at the main entrance of Sunnymead Ranch in North Moreno Valley.
- 87% leased retail space: 34,232 SF occupied by tenants including Dollar Tree, Del Taco, Jack in the Box, Bank of America ATM, restaurants, dental, salons, and fitness operators.
- Vacant 33,750 SF former grocer anchor box offers value‑add flexibility for retenanting, subdividing, or repositioning.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.73M | $21.60 |
| − Vacancy | −$95.0k | −$1.19 |
| EGI | $1.63M | $20.41 |
| − OpEx | −$489.8k | −$6.12 |
| NOI | $1.14M | $14.29 |
79,987 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$18.52M
$16.21M – $21.61M
NOI $1,296,653 @ 7.0% cap · market cap 9.26%
Second Best
Retail
$16.33M
$14.29M – $19.05M
NOI $1,142,886 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$27.41M
$23.99M – $31.98M
NOI $1,918,882 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Dollar Tree
Shops & Services
14,475 visits/mo
0.1 miles
Shell
Shops & Services
12,433 visits/mo
0.0 miles
Jack in the Box
Dining
12,335 visits/mo
0.0 miles
7-Eleven
Shops & Services
9,174 visits/mo
0.0 miles
Demographics for 92557, CA
54,549
Population
15,748
Households
3.5
Avg Household Size
34
Median Age
19%
College-Educated
84%
High-School Grad
17.8 sq mi
ZIP Area
3,065
Density / Sq Mi
$93,464
Median Household Income
$41,214
Median Earnings
$2,081
Median Rent
$471,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fee-simple neighborhood center with 87% occupancy and a vacant former grocer anchor for flexible retenanting.
Where is this shopping center located?
The property is located at 23571 23579 Sunnymead Ranch Parkway Moreno Valley, CA.
What is the asking price?
The asking price for this property is $13,999,999.
What are key features of this property?
This property features: 1994‑built 179,987 SF fee‑simple neighborhood shopping center at the main entrance of Sunnymead Ranch in North Moreno Valley.; 87% leased retail space: 34,232 SF occupied by tenants including Dollar Tree, Del Taco, Jack in the Box, Bank of America ATM, restaurants, dental, salons, and fitness operators.; Vacant 33,750 SF former grocer anchor box offers value‑add flexibility for retenanting, subdividing, or repositioning.
