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    40516 Murrieta Hot Springs Rd Murrieta, CA 92563

    For Sale
    $5,400,000

    High-yield, multi-tenant retail center

    Property size:
    24,647 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 24,647 square foot, single-story retail building situated on a 108,900 square foot lot in Murrieta, CA. The property, built in 2007 and zoned RC (Regional Commercial), boasts 100% occupancy with two tenants: Harbor Freight Tools and Sola Salon Studios. Harbor Freight, occupying 16,948 square feet (approximately 71.2% of the building), has four years remaining on their lease with six five-year renewal options at 10% rent increases per option. Sola Salon Studios, occupying 7,699 square feet (approximately 28.8%), has three years remaining on their lease with four five-year renewal options including 2.5% annual rent increases. The property offers a strong net operating income (NOI) of $325,224, resulting in a 6.02% cap rate. Located within the Murrieta Plaza, a major retail center anchored by Sam's Club, Walgreens, and other national brands, this property benefits from high visibility and traffic along I-215. The asking price is $5,400,000, translating to $219.09 per square foot. Lease options are available, and rent bumps are included in the lease agreements. This prime Murrieta location offers an excellent opportunity for a secure and stable cash flow investment. The property's address is 40516 Murrieta Hot Springs Rd, Murrieta, CA 92563, APN 916-380-037.

    Property Features for 40516 Murrieta Hot Springs Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    24,647 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Excellent investment opportunity, suitable for 1031 exchange.
    • Significant rental income growth potential through lease renewals and increases.
    • Located on a major retail thoroughfare.
    • Benefits from a strong adjacent anchor tenant.
    • High visibility signage in a high‑traffic area.
    • Serves an affluent demographic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cultivate a Curl Studio Hair Salon Pink Heart Lashes ... Beauty Salon Naked Beauty Ink Tattoo Removal Service Little Trimmerz, Murrieta Hair Salon Still Studio Electrolysis Electrolysis Hair Removal Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.17967253298
    Latitude
    33.552076530905

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, multi-tenant retail center
    Where is this individual retail property located?
    The property is located at 40516 Murrieta Hot Springs Rd Murrieta, CA.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: Excellent investment opportunity, suitable for 1031 exchange.; Significant rental income growth potential through lease renewals and increases.; Located on a major retail thoroughfare.
    Request Owner's contact information
    40516 Murrieta Hot Springs Rd Murrieta, CA 92563
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    Realmo Value Estimation

    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.

    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.

    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
    40516 Murrieta Hot Springs Rd Murrieta, CA 92563
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