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    21385 Orange Ave Perris, CA 92570

    Sponsored
    For Sale
    $2,750,000

    Prime Riverside County acreage, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 116+ acre parcel in Perris, California, presents a remarkable opportunity for residential development. Located in Riverside County, this rectangular tract boasts over 1,000 feet of road frontage on Orange Avenue, conveniently situated just off Old Elsinore Road. The property also offers continuous access along approximately 4,000 feet of Marie Road. Its deep, level terrain makes it exceptionally suitable for large-scale residential projects, including tract housing or a manufactured/mobile home park. Alternatively, its size and location could also accommodate a horse ranch or similar country living development. The property is zoned residential and is situated near Mead Valley, between Brothers Nursery and John Street. Columbia Elementary School and the Riverside County Fire Department are within a mile. This investment opportunity is further enhanced by its convenient location and the potential for various development scenarios. The asking price is $2,750,000. The property's address is 21385 Orange Ave, Perris, CA 92570. This expansive land offering presents a compelling investment prospect with significant potential for future growth and return.

    Property Features for 21385 Orange Ave

    General Information

    Property type
    Land
    Lot Size
    5,052,960 SF

    HighLights

    • 116+ acres of residentially‑zoned land near Mead Valley.
    • Conveniently located off Old Elsinore Road and Orange Avenue.
    • Neighboring Brothers Nursery and John Street.
    • Large, flat, rectangular parcel ideal for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Hotel & Motel Auto Parts Store Kitchen & Bath Bar & Pub Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.28844384653
    Latitude
    33.815403033725

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    FAQs

    What type of property is this?
    Land - Prime Riverside County acreage, ideal for development.
    Where is this land located?
    The property is located at 21385 Orange Ave Perris, CA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 116+ acres of residentially-zoned land near Mead Valley.; Conveniently located off Old Elsinore Road and Orange Avenue.; Neighboring Brothers Nursery and John Street.
    (800) 593-2781
    Request Owner's contact information
    21385 Orange Ave Perris, CA 92570
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    Perris, CA 92570
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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
    21385 Orange Ave Perris, CA 92570
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