Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Moreno Valley Title is generated by Realmo AI

    24831 Alessandro Blvd, Moreno Valley, CA 92553

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

    Neighborhood shopping center with high traffic and dense residential area.

    Type:Retail
    Added:
    Jan 27, 2026
    Days on Market:
    109
    Last Refresh:
    Apr 5 at 11:37 pm

    Property Features for 24831 Alessandro Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 24831 Alessandro Blvd Contact us

    We can help!

    Listing Contact
    Bryan Norcott

    Listing agent Bryan Norcott License #CA RE Lic. #01200077

    Listing office Newmark

    Listing date Jan 27, 2026

    Source Nmrk

    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 Newmark

    HighLights

    • Anchored by El Super, 99¢ Only, and Rite Aid, providing built‑in customer traffic.
    • Strategically located along major East/West thoroughfare.
    • Dense residential demographics ensure a strong customer base.
    • Average daily traffic of approximately 24,800 CPD on Perris Boulevard.
    • Excellent location for “Daily Needs” users.
    • Easy Ingress/Egress for convenient access.

    Overview

    This neighborhood shopping center is anchored by El Super, 99¢ Only, and Rite Aid. It is strategically located along a major East/West thoroughfare, Perris Boulevard, which experiences an average daily traffic of approximately 24,800 cars per day. The property benefits from dense residential demographics and offers easy ingress and egress. It is an excellent location for businesses catering to daily needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Packing House Self ... Storage Facility

    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.

    Similar Places Nearby

    • Sunnymead Towne Center — 24899 alessandro blvd, moreno valley, ca 92553
    • Moreno Valley Commerce Center — 23880-23962 Alessandro Blvd, Moreno Valley, CA 92553
    • Alessandro Plaza — 23750 Alessandro Blvd, Moreno Valley, CA 92553
    • Infinity Moreno Valley — 23936 alessandro blvd, moreno valley, ca 92553
    • Southpointe Center — 24021 Alessandro Blvd, Moreno Valley, CA 92553

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.229
    Latitude
    33.916

    Nearby Similar for Lease

    • $15,876/Mo
      7,056 SF

      Moreno Valley Commercial/R5 Zoned Property

      Commercial property suitable for daycare, assisted living, or medical facilities.
      24693 Ironwood Avenue, Moreno Valley, CA 92557
      View Details
    • $12,000/Mo
      4,375 SF

      Moreno Valley Retail Opportunity

      Retail building in a high-traffic location, adaptable for various businesses.
      24200 Sunnymead Boulevard, Moreno Valley, CA 92553
      View Details
    • Sponsored
      $129-$6,946/Mo
      11-1,292 SF

      CA, Moreno Valley - Town Cir

      22550 Town Cir, Moreno Valley, CA 92553
      View Details
    • Contact for pricing
      510,000 SF

      Moreno Valley Mall Retail Opportunity

      Regional shopping destination with high traffic and flexible space options.
      22550 Town Circle, Moreno Valley, CA 92553
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space Near Moreno Valley Mall

      16,000 sq ft retail space near Moreno Valley Mall.
      22560 Town Cir, Moreno Valley, CA 92553
      View Details
    • $2 SF/Yr
      30,656 SF

      Freestanding Building Near Amenities

      Freestanding building near restaurants and banks available for rent.
      23119 Cottonwood Ave., Moreno Valley, CA 92553
      View Details
    • $1.30 SF/Yr
      9,180 SF

      Free Standing Warehouse For Lease

      Freestanding warehouse with large yard and office space for lease.
      14370 Veterans Way, Moreno Valley, CA 92553
      View Details
    • Contact for pricing
      366,698 SF

      Freestanding Class A Distribution Building

      Class A distribution building with immediate freeway access and modern amenities.
      22705 Newhope St, Moreno Valley, CA 92553
      View Details
    • $1.20 SF/Yr

      New Office Space Available

      Brand new office space near March Air Force Base.
      24830 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • $1.30 SF/Yr
      8,880 SF

      Free Standing Industrial Building

      Industrial building with office space, fenced yard, and freeway access.
      14460 Veterans Wy, Moreno Valley, CA
      View Details
    • Contact for pricing
      21,700 SF

      Rivard Road Industrial Park

      43,400 SF industrial building with secured yard for sale.
      24830-24840 Rivard Rd, Moreno Valley, CA
      View Details
    • $402/Mo

      Moreno Valley Flex/Industrial Space

      Flex/Industrial space available for lease in Moreno Valley, CA.
      24811 Rivard Rd, Moreno Valley, CA 92551
      View Details

    FAQs

    What type of property is this?
    Shopping center - Neighborhood shopping center with high traffic and dense residential area.
    Where is this shopping center located?
    The property is located at 24831 Alessandro Blvd Moreno Valley, CA.
    What are key features of this property?
    This property features: Anchored by El Super, 99¢ Only, and Rite Aid, providing built‑in customer traffic.; Strategically located along major East/West thoroughfare.; Dense residential demographics ensure a strong customer base.
    (213) 298-3595
    We can help!
    Listing Contact
    Bryan Norcott
    Real Estate License ID: CA RE Lic. #01200077
    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
    24831 Alessandro Blvd, 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!