Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    26035 Palomar Rd Menifee, CA 92585

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,987,500

    32,000 SF fully leased industrial building.

    Property size:
    32,000 SF
    Lot size:
    2.02 Acres

    Property Features for 26035 Palomar Rd

    General Information

    Standard status
    Active
    Zoning
    Business Park (BP) - City of Menifee (Verify)
    Size
    32,000 SF
    Lot size
    2.02 Acres

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Gordon Mize
    Gordon Mize
    Source: Crexi

    Listing Agency: Lee & Associates - Temecula Valley Listing Agent: Gordon Mize

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Freestanding Industrial Building For Sale

    This is a 32,000 square foot freestanding industrial building that is fully leased. The property is occupied by two tenants. One tenant, AMR, offers emergency and non-emergency patient transport services and has a presence in over 40 states, with 180 locations, a fleet of over 8,000 ambulances and more than 37,000 team members. Founded in 1992 and headquartered in Lewisville, Texas, AMR partners with hospitals, municipalities, and event organizers nationwide, specializing in 911 emergency response, advanced life support, critical care transport, bariatric, and wheelchair van services. The other tenant, Metrea, is a defense and aerospace company providing critical services to the U.S. military and its allies, including aerial refueling, aviation support, and mission systems. Founded in 2016 with 17 locations worldwide and headquartered in Washington, D.C., Metrea supports national security operations from the ground and the air.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy Auto Parts Store Kitchen & Bath Showroom

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

    Similar Places Nearby

    All Valley RV Storage

    Location Insight

    • Map
    • Local Demand
    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.1636979
    Latitude
    33.7414264

    Nearby Similar for Sale

    • $1,200,000
      2,290 SF

      Menifee Commercial Building For Sale

      Stand-alone commercial building in Menifee with C1-CP zoning.
      29054 Goetz Rd, Sun City, CA 92587
      View Details
    • $2,500,000
      Pending

      Menifee Kennel Ranch and Horse Farm

      Nearly 18-acre pet resort and kennel with multiple dwellings.
      31585 Briggs Rd, Menifee, CA 92584
      View Details
    • $1,600,000

      Menifee Multifamily Property with Development Potential

      Multifamily property with development potential in Menifee's Economic Development Corridor.
      30640 Old Windmill Rd, Menifee, CA 92584
      View Details
    • $2,500,000

      Kennel Ranch and Horse Farm

      Southern California kennel ranch and horse farm for sale.
      31585 Briggs Rd, Menifee, CA 92584
      View Details
    • $1,600,000
      4,875 SF

      Menifee Quadruplex in Community Core

      Quadruplex located in Menifee's Economic Development Corridor.
      30640 Old Windmill Rd, Menifee, CA 92584
      View Details
    • Contact for pricing
      5,817 SF

      Multi-Tenant Commercial Building For Sale

      Fully leased commercial building with long-term tenants in Menifee, CA.
      28830 Mccall Blvd, Menifee, CA 92585
      View Details
    • $750,000
      1,000 SF

      Menifee Industrial Land - Huge Potential

      1.96-acre fenced industrial lot, prime location.
      Bailey Park Blvd, Menifee, CA 92584
      View Details
    • $899,000
      100 SF

      Menifee Commercial Land - Prime Location

      .93-Acre Gated Lot, Business Park Zoning
      27887 Ethanac Rd, Menifee, CA 92585
      View Details
    • $525,000
      1,085 SF

      Menifee Commercial Property - Huge Potential

      Prime Menifee location, remodeled office, large lot.
      23971 Newport Dr, Menifee, CA 92587
      View Details
    • Contact for pricing
      5,627 SF

      Chase Bank NNN Property

      NNN Chase Bank property in Sun City, California.
      26750 Mccall Blvd, Menifee, CA 92586
      View Details
    • $69,900

      Affordable Home in Senior Community

      Manufactured home in 55+ community with clubhouse and pool.
      27701 Murrieta 125, Menifee, CA 92586
      View Details
    • Contact for pricing
      17,854 SF

      Grocery Store Net-Leased Asset

      Net-leased grocery asset anchored by regional specialty grocer.
      29787 Antelope Rd, Menifee, CA 92584
      View Details

    FAQs

    What type of property is this?
    Warehouse - 32,000 SF fully leased industrial building.
    Where is this warehouse located?
    The property is located at 26035 Palomar Rd Menifee, CA.
    What is the asking price?
    The asking price for this property is $5,987,500.
    What are key features of this property?
    This property features: - Fully Leased 32,000 SF Freestanding Industrial Building; - Tenant: AMR (American Medical Response), a national provider of emergency and non-emergency patient transport services; - Tenant: Metrea, a defense and aerospace company providing services to the U.S. military and its allies
    (951) 445-4504
    Request Owner's contact information
    26035 Palomar Rd Menifee, CA 92585
    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.
    26035 Palomar Rd
    Menifee, CA 92585
    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
    26035 Palomar Rd Menifee, CA 92585
    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

    We can help!
    Listing Contact
    Gordon Mize
    Gordon Mize
    Real Estate License ID: 01275376
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!