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    Medical Land For Sale/Lease Title is generated by Realmo AI

    Sec Interstate 215 And Baxter Rd, Murrieta, CA 92563

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    Land available for healthcare development with finished pads ready for construction.

    Type:Land
    Lot size:
    7.17 Acres
    Added:
    Sep 30, 2021
    Days on Market:
    1711
    Last Refresh:
    May 19 at 10:59 pm

    Property Features for Sec Interstate 215 And Baxter Rd

    General Information

    Standard status
    Active
    Lot size
    7.17 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Matthew Melendres
    Matthew Melendres

    Listing agent Matthew Melendres License #02162349

    Listing office Cushman & Wakefield - San Diego, California

    Listing date Sep 30, 2021

    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 Cushman & Wakefield - San Diego, California

    HighLights

    • Prime location at the intersection of Interstate 215 and Baxter Rd in Murrieta, CA.
    • Finished pads ready for immediate construction, accelerating development timeline.
    • Part of the Makena Murrieta MOB medical campus, with Phase I (60,000 SF) under construction and completion expected in late 2022.
    • Suitable for a variety of healthcare services, including Urgent Care, Imaging Center, and Pediatrics.
    • Strong demographic profile indicating substantial patient demand growth in the surrounding community.
    • Future development plans include a hotel site and additional parcels available for lease or build‑to‑suit sale (+/-10,000 SF and +/-50,000 SF).

    Overview

    Available for sale or lease are parcels of land designated for medical use, ranging from 1.74 to 7.17 acres. The property features finished pads ready for construction. Located at the intersection of Interstate 215 and Baxter Rd in Murrieta, CA, the site is positioned for healthcare development. The Makena Murrieta MOB - Phase I, a 60,000 square foot medical office building, is currently under construction and slated for completion by late 2022. Future development plans include a hotel site, as well as parcels of approximately 10,000 and 50,000 square feet available for lease or build-to-suit sale. The location is suitable for a variety of healthcare services, including urgent care, imaging centers, and pediatrics. The property benefits from convenient access to Interstate 215 and is situated within a community with a strong demographic profile, indicating potential patient demand growth. This location is suitable for healthcare providers and investors seeking to establish a presence in the region.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.148
    Latitude
    33.5694

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    FAQs

    What type of property is this?
    Commercial land - Land available for healthcare development with finished pads ready for construction.
    Where is this commercial land located?
    The property is located at Sec Interstate 215 And Baxter Rd Murrieta, CA.
    What is the asking price?
    The asking price for this property is $4,730,610.
    What are key features of this property?
    This property features: Prime location at the intersection of Interstate 215 and Baxter Rd in Murrieta, CA.; Finished pads ready for immediate construction, accelerating development timeline.; Part of the Makena Murrieta MOB medical campus, with Phase I (60,000 SF) under construction and completion expected in late 2022.
    (858) 625-5228 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Melendres
    Matthew Melendres
    Real Estate License ID: 02162349
    Learn More
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    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.

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