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    1210 Markham St Perris, CA 92571

    Sponsored
    For Sale
    $1,175,000

    0.98-acre industrial land, build-to-suit option

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 0.98-acre parcel in Perris, CA (APN 314-110-033), zoned Light Industrial (LI), presents a compelling investment opportunity. Priced at $1,175,000, the property offers two distinct development paths. Option one involves utilizing the land as an outdoor storage yard, leveraging existing utilities and excellent freeway access to the 215, 60, and 91 freeways. Alternatively, a build-to-suit option allows for the construction of a +/- 20,000 square foot industrial building. This potential building could include approximately 2,000-3,000 square feet of second-story mezzanine/office space, fire sprinklers, 30-32 foot clear height, two ground-level doors, two dock-high loading doors, approximately 400 amps of power, and 24 auto parking spaces. The build-to-suit project is estimated to take 18-24 months for completion. The seller is motivated and open to offers. This property is available for sale, and lease options may be considered. Potential tenants could benefit from the property's adaptability to various industrial uses. The seller may also be willing to make improvements to the property to meet specific occupant needs.

    Property Features for 1210 Markham St

    General Information

    Property type
    Land
    Lot Size
    42,689 SF

    HighLights

    • $1,175,000 asking price for 0.98‑acre industrial land in Perris, CA.
    • Light Industrial (LI) zoning allows for a potential ~19,500+ SF industrial building (buyer to verify with city).
    • Potential rental income of $1.10/SF/NNN+.
    • Motivated seller; price reduced from $1.4M. Property available for sale as‑is, or build‑to‑suit option available.
    • Excellent freeway access to the 215, 60, and 91 freeways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Pharmacy Auto Parts Store Kitchen & Bath Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.2448091
    Latitude
    33.8518875

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    FAQs

    What type of property is this?
    Land - 0.98-acre industrial land, build-to-suit option
    Where is this land located?
    The property is located at 1210 Markham St Perris, CA.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: $1,175,000 asking price for 0.98-acre industrial land in Perris, CA.; Light Industrial (LI) zoning allows for a potential ~19,500+ SF industrial building (buyer to verify with city).; Potential rental income of $1.10/SF/NNN+.
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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
    1210 Markham St Perris, CA 92571
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