Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Bay Ave And Moreno Bch Dr Moreno Valley, CA 92555

    Sponsored
    For Sale
    Contact for pricing

    Prime 21-acre commercial site, 499-unit entitlement.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 21.19-acre commercial land parcel, located in Moreno Valley, California, presents a remarkable investment opportunity. Situated at the intersection of Bay Avenue and Moreno Beach Drive (zip code 92555), this fee-simple property boasts a Community Commercial District (CC) zoning designation. The property's APN is 478-060-004, 016, 017, 018, 019, 022, 023 & 024. Currently, entitlements are in place for a 499-unit multi-family housing development. This prime location benefits significantly from recent infrastructure improvements, including the completion of a new freeway interchange on Moreno Beach Drive in 2024. Moreno Valley's robust economic growth is evident in the creation of over 30,000 jobs in the past decade, with an additional 20,000 jobs anticipated from the upcoming World Logistics Center (WLC) project, slated to begin construction in 2025. The property's proximity to major employers further enhances its value. These include the Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the expanding Kaiser Medical Center project, which will add 1,125,000 square feet of medical services and create 4,000 new jobs. The WLC project alone is projected to generate a $2 billion annual economic benefit. This property offers unparalleled potential for significant returns in a rapidly growing market.

    Property Features for 0 Bay Ave And Moreno Bch Dr

    General Information

    Property type
    Land
    Lot Size
    923,036 SF

    HighLights

    • Prime 21.19‑acre apartment site in Moreno Valley, CA.
    • 499‑unit multifamily housing project currently entitled.
    • Adjacent to the new Moreno Beach Drive freeway interchange (completed 2024).
    • Moreno Valley has added over 30,000 jobs in the last decade.
    • 20,000+ additional jobs projected from the upcoming World Logistics Center (WLC) project (groundbreaking 2025).
    • Near Riverside University Health System Medical Center (6,000 employees, $1.6B economic impact).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.17391295302
    Latitude
    33.917404669564

    Nearby Similar for Sale

    • $1,900,000
      4,375 SF

      Moreno Valley Retail Property For Sale

      Prime retail property in Moreno Valley with high traffic exposure.
      24200 Sunnymead Blvd, Moreno Valley, CA 92553
      View Details
    • $180,000

      Established Restaurant Business Opportunity

      Profitable, fully-equipped restaurant with juice stand in high-traffic area.
      24757 Alessandro Blvd, Moreno Valley, CA 92553
      View Details
    • $164,900

      Renovated Mobile Home in 55+ Community

      Recently renovated mobile home in a vibrant 55+ community.
      23820 Ironwood Ave, Moreno Valley, CA 92557
      View Details
    • $625,000

      Two-Unit Home with Pool

      Two-unit property with pool, ideal for multi-generational living.
      25141 Silent Creek Rd, Moreno Valley, CA 92553
      View Details
    • $489,900

      Established Baskin Robbins Franchise Opportunity

      Turnkey Baskin Robbins franchise with strong local partnerships and social media.
      12190 Perris Blvd, Moreno Valley, CA 92324
      View Details
    • $1,890,000

      Retail Investment Near Moreno Valley Mall

      Freestanding retail building with income and upside potential.
      23031 Sunnymead Blvd, Moreno Valley, CA 92553
      View Details
    • $99,900

      Moreno Valley 55+ Gated Community

      Two-bedroom, two-bath manufactured home in a premier gated community.
      23820 Ironwood 189, Moreno Valley, CA 92557
      View Details
    • $110,000

      Senior Community Mobile Home

      Mobile home in a 55+ senior community.
      23820 Ironwood 143, Moreno Valley, CA 92557
      View Details
    • $399,900
      1,444 SF

      Charming Condo in Gated Community

      2-bedroom condo in a gated community, close to amenities.
      25840 Iris Ave, Moreno Valley, CA 92551
      View Details
    • $5,210,000
      28,695 SF

      Retail Center in Moreno Valley

      28,695 SF retail center on 2.53 acres for sale.
      24541 Alessandro Blvd, Moreno Valley, CA 92553
      View Details
    • $145,000

      Remodeled Mobile Home in Park

      Updated double wide mobile home in a family park.
      25350 Santiago Dr, Moreno Valley, CA 92551
      View Details
    • $78,000

      Mobile Home in 55+ Community

      Two-bedroom, two-bath manufactured home in Moreno Valley, California.
      23820 Ironwood 173, Moreno Valley, CA 92557
      View Details

    FAQs

    What type of property is this?
    Land - Prime 21-acre commercial site, 499-unit entitlement.
    Where is this land located?
    The property is located at Bay Ave And Moreno Bch Dr Moreno Valley, CA.
    What are key features of this property?
    This property features: Prime 21.19-acre apartment site in Moreno Valley, CA.; 499-unit multifamily housing project currently entitled.; Adjacent to the new Moreno Beach Drive freeway interchange (completed 2024).
    (951) 567-3852
    Request Owner's contact information
    Bay Ave And Moreno Bch Dr Moreno Valley, CA 92555
    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.
    Bay Ave And Moreno Bch Dr
    Moreno Valley, CA 92555
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Bay Ave And Moreno Bch Dr Moreno Valley, CA 92555
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.