Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Parcel Near 215 Freeway Title is generated by Realmo AI

    Grand Ave, Winchester, CA 92596

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Large industrial parcel suitable for development, near the 215 freeway.

    Type:Land, Industrial
    Added:
    May 29, 2024
    Days on Market:
    734
    Last Refresh:
    May 12 at 9:23 pm

    Property Features for Grand Ave

    General Information

    Standard status
    Active
    Property subtype
    Land, Industrial

    We can help!

    Listing Contact
    Ramses Nava

    Listing agent Ramses Nava License #CA 02007945

    Listing office Emporium Financial Group

    Listing date May 29, 2024

    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 Emporium Financial Group

    HighLights

    • Large industrial parcel suitable for development or owner‑user
    • Located within 10 minutes of the 215 freeway, providing excellent accessibility
    • Ideal for various industrial uses: outdoor storage, manufacturing, and warehouse development
    • Part of the Winchester Hills specific plan
    • Utilities (Water, Recycled Water, Sewer, and Power) are available
    • Located on the northwest corner of Grand and Matthews Rd (Case Rd)

    Overview

    This industrial parcel presents an opportunity for developers or owner-users, situated within 10 minutes of the 215 freeway. The property is located within the Winchester Hills specific plan, at the northwest corner of Grand Avenue and Matthews Road (Case Road). It is suitable for industrial uses such as outdoor storage, manufacturing, and warehouse development. Water, recycled water, sewer, and power are located on the southwest corner of the property on Grand Avenue.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Winchester
    County
    Riverside
    State
    California
    Longitude
    -117.1064704
    Latitude
    33.7143933

    Nearby Similar for Sale

    • $399,900

      Winchester Vacant Land Opportunity

      Almost 3 acres of vacant land with all utilities.
      28265 California, Winchester, CA 92596
      View Details
    • $249,900

      Winchester Land with Views

      5 acre parcel near Temecula Wine Country.
      33687 N Sidney Circle, Winchester, CA 92596
      View Details
    • $1,500,000

      9 Acres Riverside County Land

      Over 9 acres of land in a growing area.
      33711 Patton Rd, Winchester, CA 92596
      View Details
    • $598,889

      Land Available in Winchester, CA

      Land for sale in Winchester, California.
      26677 CALIFORNIA, Winchester, CA 92596
      View Details
    • $79,900

      Winchester Vacant Lot For Sale

      Vacant lot in a quiet Winchester neighborhood.
      32257 Perigord, Winchester, CA 92596
      View Details
    • $399,000

      Prime Land Lot For Sale

      Land lot offering investment and tranquility with multiple access points.
      27640 Smith Rd Unit 1, Winchester, CA 92596
      View Details
    • $1,499,000
      40 SF

      40.86 Acres Winchester Land

      40.86 acres of land in Winchester, California for sale.
      40.86 AC Grand Avenue, Winchester, CA 92596
      View Details
    • $1,450,000

      Land For Sale Winchester CA

      Land available for sale in Winchester, California.
      0 GRIGG, Winchester, CA 92596
      View Details
    • $4,000,000
      38 SF

      38 Acres Winchester Corner Land

      Corner land near freeways in Winchester, California.
      38 AC SWC of Winchester Road and Stowe Road, Winchester, CA 92596
      View Details
    • $5,504,000
      14 SF

      Winchester Industrial Development Opportunity

      14-acre industrial land with flexible zoning in high-growth market.
      SEQ Benton Rd. & Leon Rd., Winchester, CA 92596
      View Details
    • $10,500,000

      34.59 Acre Industrial Development Opportunity

      Prime industrial/business park development opportunity in French Valley.
      30951 Benton Road, Winchester, CA 92596
      View Details
    • $450,000

      Winchester Land with Development Potential

      4+ acre lot in Winchester, CA, with multiple potential uses.
      0 Arroyo, Winchester, CA 92596
      View Details

    FAQs

    What type of property is this?
    Industrial land - Large industrial parcel suitable for development, near the 215 freeway.
    Where is this industrial land located?
    The property is located at Grand Ave Winchester, CA.
    What is the asking price?
    The asking price for this property is $6,450,000.
    What are key features of this property?
    This property features: Large industrial parcel suitable for development or owner‑user; Located within 10 minutes of the 215 freeway, providing excellent accessibility; Ideal for various industrial uses: outdoor storage, manufacturing, and warehouse development
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ramses Nava
    Real Estate License ID: CA 02007945
    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
    Grand Ave, Winchester, CA 92596
    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!