Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Holiday Inn Title is generated by Realmo AI

    24865 Hospitality Place, Murrieta, CA 92562

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space adjacent to Holiday Inn Express and freeway.

    Type:Retail
    Added:
    Nov 22, 2025
    Days on Market:
    191
    Last Refresh:
    May 19 at 8:31 pm

    Property Features for 24865 Hospitality Place

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Kelly Murphy

    Listing agent Kelly Murphy License #00894640

    Listing office CBRE

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE

    HighLights

    • High‑traffic location
    • Located on I‑15 Freeway between California Oaks Rd. and Los Alamos Rd.
    • Adjacent to Holiday Inn Express (105 rooms)
    • Across from Murrieta Mesa High School (2,200 students)
    • Adjacent to Rival Coffee
    • Adjacent to 4M Dental

    Overview

    This retail space is located adjacent to a Holiday Inn Express, which has 105 rooms, Rival Coffee, and 4M Dental. The property is situated off the I-15 Freeway between California Oaks Rd. and Los Alamos Rd., and is across from Murrieta Mesa High School, which has approximately 2,200 students.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.269
    Latitude
    33.5484

    Nearby Similar for Lease

    • $3,465/Mo
      1,536 SF

      Downtown Murrieta Office/Retail Space

      Office/retail space in downtown Murrieta at Ivy and Washington.
      24977 Washington Avenue, Murrieta, CA 92562
      View Details
    • $2 SF/Yr
      1,440 SF

      Retail Space Ready for Lease

      Turnkey cafe/snack space available for lease in Murrieta.
      25395 Madison Avenue, Murrieta, CA 92562
      View Details
    • $2 SF/Yr
      1,013 SF

      Corner Retail Space in Murrieta

      Prime retail space in high-traffic Murrieta commercial corridor.
      25395 Madison Avenue, Murrieta, CA 92562
      View Details
    • $6,659/Mo
      4,162 SF

      Murrieta Commercial Space with Warehouse

      Ground level office with warehouse space available for lease.
      38740 Sky Canyon Drive, Murrieta, CA 92563
      View Details
    • $2 SF/Yr
      140,000 SF

      Murrieta Gateway Retail Center Space

      Commercial space for rent in a busy Murrieta shopping center.
      39413-39621 Los Alamos Road, Murrieta, CA 92563
      View Details
    • $3,465/Mo

      Downtown Murrieta Office/Retail Space

      Office/retail space in a multi-tenant building with common parking.
      24977 Washington Ave K & L, Murrieta, CA 92562
      View Details
    • $1.35 SF/Yr
      10,620 SF

      Murrieta Flex/Industrial Space Available

      Flex/industrial space for lease in Murrieta, CA, with flexible terms.
      26371 Beckman Ct., Murrieta, CA 92563
      View Details
    • $2.00 SF/Yr

      Prime Corner Retail Space Available

      Well-trafficked Murrieta commercial corridor, ideal for various business uses.
      25395 Madison Ave 109, Murrieta, CA 92562
      View Details
    • $1.65 SF/Yr
      3,997 SF

      Office Space For Rent

      Second floor office space available for rent.
      30135 Technology Dr, Murrieta, CA
      View Details
    • $3 SF/Yr
      45,844 SF

      Retail Space in Murrieta Center

      Retail space for lease in a busy Murrieta center.
      40675 Murrieta Hot Springs Road, Murrieta, CA 92562
      View Details
    • $2 SF/Yr
      32,572 SF

      Office Space in Murrieta

      Office space available for lease in Murrieta, California.
      41391 Kalmia St., Murrieta, CA 92562
      View Details
    • Contact for pricing

      Murrieta Retail Spaces For Lease

      Super regional shopping center with anchor, theater, and restaurant spaces.
      Murrieta Hot Springs Road, Murrieta, CA 92562
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space adjacent to Holiday Inn Express and freeway.
    Where is this retail space located?
    The property is located at 24865 Hospitality Place Murrieta, CA.
    What are key features of this property?
    This property features: High‑traffic location; Located on I‑15 Freeway between California Oaks Rd. and Los Alamos Rd.; Adjacent to Holiday Inn Express (105 rooms)
    (909) 418-2049
    We can help!
    Listing Contact
    Kelly Murphy
    Real Estate License ID: 00894640
    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
    24865 Hospitality Place, Murrieta, CA, 92562
    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!