Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Elsinore Commercial Opportunity Title is generated by Realmo AI

    17307 Grand, Lake Elsinore, CA 92530

    View on Map
    Claim this Listing
    New
    For Sale
    $449,900

    Commercial Sale - Lake Elsinore, CA

    Property size:
    400 SF
    Price / SF:
    $1,124/SF
    Added:
    May 16, 2026
    Days on Market:
    1
    Last Refresh:
    May 16 at 8:06 pm

    Property Features for 17307 Grand

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    381262057
    Size
    400 SF

    Building Details

    Year built
    1975
    Architectural style
    Other

    We can help!

    Listing Contact
    SCOTT FARNAM
    SCOTT FARNAM

    Listing agent SCOTT FARNAM License #01332087

    Listing office FARNAM & ASSOCIATES REAL ESTATE 24757 Washington Ave Ste C, CA

    Listing date May 16, 2026

    MLS# IG26107128 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility corner lot on busy Grand Ave.
    • Stunning lake and mountain views.
    • Adjacent to an approved housing development, offering future growth potential.
    • Approved 2012 plans to expand the building to approximately 930 sq ft.
    • Well‑suited for a variety of commercial uses.
    • Currently operating as a hair salon.

    Overview

    This commercial property is situated on a high-visibility corner lot along Grand Avenue, offering lake and mountain views. The property is adjacent to an approved housing development, suggesting potential for future growth and increased traffic. Currently operating as a hair salon, the 400-square-foot space is suitable for various commercial uses. Approved 2012 plans are included to expand the building to approximately 930 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hair Depot Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elsinore
    County
    Riverside
    State
    California
    Longitude
    -117.3517695
    Latitude
    33.6430473

    Nearby Similar for Sale

    • $845,000
      1,560 SF

      Upgraded Commercial Property For Sale

      Extensively upgraded commercial property in a high-visibility Lake Elsinore location.
      30830 Riverside, Lake Elsinore, CA 92530
      View Details
    • $500,000
      2,632 SF

      Lake Elsinore Retail Opportunity

      Standalone retail building with established convenience store and active license.
      1006 W Graham Avenue, Lake Elsinore, CA 92530
      View Details
    • $525,000
      1,325 SF

      Hilltop Retreat with Lake Views

      Private home with lake views, workshop, and ample parking.
      18515 Penny Trail, Lake Elsinore, CA 92530
      View Details
    • $535,000
      1,715 SF

      Lake Elsinore Office Suite

      Spacious office suite in Lake Elsinore's Canyon Estates.
      31569 Canyon Estates Drive, Lake Elsinore, CA 92532
      View Details
    • $4,000,000
      14,500 SF

      Lake Elsinore Multifamily Investment

      10-unit property near Lake Elsinore's waterfront.
      16459 Joy Street, Lake Elsinore, CA 92530
      View Details
    • $845,000
      1,560 SF

      Upgraded Commercial Property in Lake Elsinore

      Extensively upgraded commercial property in a high-visibility Lake Elsinore location.
      30830 Riverside, Lake Elsinore, CA 92530
      View Details
    • $750,000
      2,742 SF

      Upgraded Duplex in Lake Elsinore

      Income-producing duplex near downtown, with remodeled and new construction units.
      138 E Peck, Lake Elsinore, CA 92530
      View Details
    • $740,000
      3,200 SF

      Lake Elsinore Retail Opportunity

      Commercial property with open interior in historic Lake Elsinore.
      119 W Peck, Lake Elsinore, CA 92530
      View Details
    • $500,000

      Retail Store Near Lake Elsinore

      Standalone retail store with active Beer & Wine license for sale.
      1006 W Graham Ave, Lake Elsinore, CA 92530
      View Details
    • $3,000,000

      Ortega Mountain Ranch Land

      49+ acres of natural beauty near Lake Elsinore, CA.
      0 Ortega Highway, Lake Elsinore, CA 92530
      View Details
    • $4,000,000

      Lake Elsinore Multifamily Investment

      10-unit property with renovation potential near Lake Elsinore.
      16459 Joy St, Lake Elsinore, CA 92530
      View Details
    • $911,250
      3,645 SF

      Industrial Space Available For Sale

      Industrial property featuring 3,645 square feet of space.
      570-I Central Ave, Lake Elsinore, CA 92530
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility corner lot with lake views and expansion potential.
    Where is this retail space located?
    The property is located at 17307 Grand Lake Elsinore, CA.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: High‑visibility corner lot on busy Grand Ave.; Stunning lake and mountain views.; Adjacent to an approved housing development, offering future growth potential.
    (951) 265-8043
    We can help!
    Listing Contact
    SCOTT FARNAM
    SCOTT FARNAM
    Real Estate License ID: 01332087
    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
    17307 Grand, Lake Elsinore, CA 92530
    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!