Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Menifee Land for Lease Title is generated by Realmo AI

    27073-27097 Newport rd, Menifee, CA 92584

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $250,000

    Two parcels totaling 1.94 acres available for ground lease.

    Type:Land
    Added:
    Nov 26, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 9:23 pm

    Property Features for 27073-27097 Newport rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 27073-27097 Newport rd Contact us

    We can help!

    Listing Contact
    Marc Dudzik

    Listing agent Marc Dudzik License #CalDRE #01070445

    Listing office

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Marc Dudzik

    HighLights

    • Approximately 1.94 acres (84,506 sf) total.
    • Access from both Newport Road and Bradley Road.
    • Signalized intersection at Bradley Road access.
    • Great visibility to Newport Road.
    • Two parcels of approximately .97 gross acres each.
    • APN: 360‑050‑22 and APN: 360‑050‑23

    Overview

    The property consists of two parcels of approximately 0.97 gross acres each, totaling approximately 1.94 acres (84,506 square feet). The property benefits from access to both Newport Road and Bradley Road, which features a signalized intersection. The location also offers visibility to Newport Road. The first parcel has an APN of 360-050-22 and is 42,253 square feet (0.97 acres). The second parcel has an APN of 360-050-23 and is 42,253 square feet (0.97 acres). The ground lease rate is $150,000 per parcel, or $250,000 for both parcels.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.187411
    Latitude
    33.6843732

    Nearby Similar for Lease

    • $1.00 SF/Yr
      1,972 SF

      Menifee Commercial/Industrial Land Lease Opportunity

      Prime commercial or heavy industrial land for lease in Menifee.
      26041 Murrieta Road, Menifee, CA 92585
      View Details
    • Contact for pricing
      229,934 SF

      Menifee Warehouse with Ample Parking

      229,934 SF warehouse with extensive loading and parking.
      33520 Zeiders Road, Menifee, CA, 92584
      View Details
    • Contact for pricing
      220,606 SF

      Menifee Industrial Distribution Center

      220,606 SF industrial space with ample parking and convenient access.
      33540 Zeiders Road, Menifee, CA, 92584
      View Details
    • Contact for pricing
      42,020 SF

      Retail Space Near Countryside Marketplace

      Retail property near a 735,000 SF power center.
      30095-30159 Haun Rd. | Menifee, CA 92586, CA 92586
      View Details
    • Contact for pricing
      721 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 3,048 square feet.
      30010-30472 Haun Rd. | Menifee, CA 92584, CA 92584
      View Details
    • Contact for pricing
      25,049 SF

      Retail Property on Newport Road

      Retail property available for lease on Newport Road, Menifee, CA.
      26015-26045 Newport Rd. | Menifee, CA 92584, CA 92584
      View Details
    • Contact for pricing
      58,600 SF

      Retail and Drive-Thru Spaces Available

      Pre-leasing retail and drive-thru pads in new shopping center.
      NEC Newport Rd. & Bradley Rd., Menifee, CA 92584
      View Details
    • Contact for pricing
      84,312 SF

      New Industrial Warehouse Available

      Recently completed industrial warehouse space available for lease.
      33360 Zeiders Rd. | Menifee, CA 92584, CA 92584
      View Details
    • Contact for pricing
      22,000 SF

      Medical Office Building For Lease

      Proposed two-story medical office building for lease, divisible to 11,000 SF.
      SWQ Newport Rd. & Wingate Ln., Menifee, CA 92584
      View Details
    • Contact for pricing
      13,100 SF

      Retail Space in Menifee Center

      Retail space available in neighborhood shopping center in Menifee.
      NEC McCall Blvd. & Junipero Rd., Menifee, CA 92585
      View Details
    • Contact for pricing
      8,700 SF

      4.42 Acres Outdoor Storage Yard

      4.42 acres outdoor storage yard with 8,700 SF buildings.
      25110 Trumble Rd, Menifee, CA 92585
      View Details
    • Contact for pricing
      192,535 SF

      4.42 Acre Outdoor Storage Yard

      Outdoor storage yard with buildings, centrally located near freeway.
      25110 Trumble Rd, Menifee, CA
      View Details

    FAQs

    What type of property is this?
    Land - Two parcels totaling 1.94 acres available for ground lease.
    Where is this land located?
    The property is located at 27073-27097 Newport rd Menifee, CA.
    What is the lease rate?
    The lease rate is $250,000.
    What are key features of this property?
    This property features: Approximately 1.94 acres (84,506 sf) total.; Access from both Newport Road and Bradley Road.; **Signalized intersection** at Bradley Road access.
    (760) 448-2456
    We can help!
    Listing Contact
    Marc Dudzik
    Real Estate License ID: CalDRE #01070445
    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
    27073-27097 Newport rd, Menifee, CA 92584
    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!