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    1044 Parkridge Ave Norco, CA 92860

    Sponsored
    For Sale
    $28,000,000

    Prime 4.3-acre site, build-to-suit option.

    Property size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents a 4.3-acre site in Norco, California, currently undergoing entitlement processing for a build-to-suit industrial development. The property, located at 1044 Parkridge Ave, offers the chance to acquire a new, Class A industrial building ranging from 50,000 to 70,000 square feet, potentially at below-market rates. The single-story building will feature 8 loading docks and ceiling heights between 24 and 30 feet. The property is zoned under the Gateway Specific Plan and boasts a prime location within the highly desirable Inland Empire, offering unparalleled access to major transportation arteries. It's situated just 0.9 miles from Interstate 15 and 1.6 miles from CA-91, providing convenient access to Orange County, Los Angeles, and San Diego. Proximity to John Wayne Airport (31.4 miles), LAX (62 miles), and Ontario International Airport (13 miles) further enhances its strategic value. This represents a rare chance to secure a build-to-suit industrial facility in a thriving location, with the potential for significant return on investment. The property's APN is 591-074-04. The asking price for this exceptional opportunity is $28,000,000. The current owner is actively working with the city to finalize entitlements. This is a single-unit property built in 2021.

    Property Features for 1044 Parkridge Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    50,000 SF
    Class
    A
    Lot Size
    187,308 SF

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Santa's Helpers Inc Home Health Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norco
    County
    Riverside
    State
    California
    Longitude
    -117.5693725
    Latitude
    33.8985497

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    FAQs

    What type of property is this?
    Distribution property - Prime 4.3-acre site, build-to-suit option.
    Where is this distribution property located?
    The property is located at 1044 Parkridge Ave Norco, CA.
    What is the asking price?
    The asking price for this property is $28,000,000.
    Request Owner's contact information
    1044 Parkridge Ave Norco, CA 92860
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    Norco, CA 92860
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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
    1044 Parkridge Ave Norco, CA 92860
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