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    Bay Ave And Moreno Bch Dr Moreno Valley, CA 92555

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    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

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    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
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    Bay Ave And Moreno Bch Dr Moreno Valley, CA 92555
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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
    Bay Ave And Moreno Bch Dr Moreno Valley, CA 92555
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