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    Palomar Rd Menifee, CA 92584

    Sponsored
    For Sale
    $2,763,882

    Prime 7-acre industrial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.05-acre (307,098 square foot) industrial land parcel presents a remarkable development opportunity in Menifee, California. Located on Palomar Rd, in Riverside County (APN 331-240-008), this property is zoned for Industrial - Business Park/Light Industrial use, making it suitable for a variety of industrial projects, including warehousing and storage. The site benefits from its location in a rapidly expanding area of Menifee, a city experiencing significant population growth and new residential construction. This infill location offers easy access to infrastructure, with sewer and water readily available on Palomar Rd. The property's proximity to the 215 freeway (less than a 10-minute drive) provides excellent connectivity to regional transportation networks. While the property is well-suited for various industrial uses, potential buyers are advised to independently verify all allowable uses and development requirements with the city of Menifee. This offering is priced at $2,763,882 and is available for a 1031 exchange. This is a rare opportunity to acquire a strategically located industrial land parcel in one of Southern California's fastest-growing markets.

    Property Features for 0 Palomar Rd

    General Information

    Property type
    Land
    Lot Size
    307,098 SF

    HighLights

    • 10‑acre industrial land parcel.
    • New commercial construction projects underway in the immediate vicinity.
    • Sewer and water utilities readily accessible via Palomar Road.
    • Excellent development opportunity in a high‑growth area.
    • Convenient access to the 215 freeway (under 10 minutes).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.16279151461
    Latitude
    33.730130301676

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    FAQs

    What type of property is this?
    Land - Prime 7-acre industrial lot, ideal for development.
    Where is this land located?
    The property is located at Palomar Rd Menifee, CA.
    What is the asking price?
    The asking price for this property is $2,763,882.
    What are key features of this property?
    This property features: 10-acre industrial land parcel.; New commercial construction projects underway in the immediate vicinity.; Sewer and water utilities readily accessible via Palomar Road.
    Request Owner's contact information
    Palomar Rd Menifee, CA 92584
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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
    Palomar Rd Menifee, CA 92584
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