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

    3 King Court Murrieta, CA 92562

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $575,000

    10+ acre land in Murrieta's equestrian farm-and-ranch enclave.

    Type:Land
    Lot size:
    10.00 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    206
    Last Refresh:
    Mar 18 at 7:46 am

    Property Features for 3 King Court

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Frank Zilko
    Frank Zilko

    Listing agent Frank Zilko License #01485944

    Listing office Allison James Estates & Homes

    Listing date Sep 8, 2025

    Source Crexi

    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 Allison James Estates & Homes

    Overview

    La Cresta Land Opportunity

    This offering consists of two adjoining parcels totaling just over 10 acres in La Cresta, Murrieta. The property features 360-degree panoramic views of surrounding ridgelines and valleys. Enhanced access facilitates on-site viewing, setting the stage for future construction. The location provides both privacy and convenience, being tucked away yet minutes from I-15. The property is located near Temecula Wine Country, Old Town Temecula, Pechanga, and several golf courses. Shopping is convenient at The Promenade and nearby boutiques. The area's microclimate is favorable for vineyards or avocados, and the lower portion of the property offers a natural site for stables. The property is suitable for a custom estate or an equestrian setup.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store Electrical Service Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.291931
    Latitude
    33.563563

    Nearby Similar for Sale

    • $875,000
      1,982 SF

      Historical Downtown Murrieta Venue

      Charming 1903 building, modernized, on a large lot.
      24771 Washington Avenue, Murrieta, CA 92562
      View Details
    • $3,000,000
      123 SF

      Murrieta Commercial Land For Sale

      3.62 acres of commercial land with income in Murrieta.
      26101 Jackson Avenue, Murrieta, CA 92563
      View Details
    • $385,000

      La Cresta View Parcel

      5-acre parcel with city lights and mountain views.
      0 Via Conteviento, Murrieta, CA 92562
      View Details
    • $1,450,000
      4,843 SF

      Versatile Commercial Building in Murrieta

      Commercial building in prime Murrieta location, ideal for various uses.
      41610 Date, Murrieta, CA 92562
      View Details
    • $498,000

      Expansive Land Parcel with Views

      Almost 19 acres with views and stream near Temecula.
      20 Calle Huerto, Murrieta, CA 92562
      View Details
    • $499,000

      7+ Acre Horse Property Parcel

      Usable 7+ acre parcel perfect for horses.
      8 Oak Trail Ct, Murrieta, CA 92562
      View Details
    • $329,000

      La Cresta Vacant View Lot

      Sprawling lot with panoramic views and development potential.
      8 Via Vista Grande, Murrieta, CA 92562
      View Details
    • $845,000
      1,344 SF

      Murrieta Commercial Land Opportunity

      Prime commercial land in Murrieta's Golden Triangle.
      40611 Vista Murrieta, Murrieta, CA 92562
      View Details
    • $899,000

      20 Acres Panoramic View Land

      20-acre lot with graded pads ready for development.
      42050 Avenida Escala, Murrieta, CA 92562
      View Details
    • $750,000

      Murrieta Land with Panoramic Views

      20.5-acre parcel with unobstructed 360-degree views in La Cresta.
      31 Via Majorca, Murrieta, CA 92562
      View Details
    • $750,000

      Murrieta Land with Lake Views

      22.5-acre parcel with panoramic views and potential building sites.
      28 Via Vista Grande, Murrieta, CA 92652
      View Details
    • $495,000

      La Cresta Land Opportunity

      Two parcels totaling 22 acres in La Cresta, Murrieta.
      1 Via Baya, Murrieta, CA 92562
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10+ acre land in Murrieta's equestrian farm-and-ranch enclave.
    Where is this agricultural land / farmland located?
    The property is located at 3 King Court Murrieta, CA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Over 10 acres of land with **360‑degree panoramic views** in La Cresta.; Prime location: secluded yet minutes from I‑15.; Enhanced access for easy on‑site viewing and future building.
    (760) 448-5600
    We can help!
    Listing Contact
    Frank Zilko
    Frank Zilko
    Real Estate License ID: 01485944
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!