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

    Lake Mathews Dr Perris, CA 92570

    Sponsored
    For Sale
    $16,000,000

    Prime Riverside County development land, 433 lots.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 878.06-acre property in Perris, Riverside County, California, presents a remarkable development opportunity. Located southeast of Lake Mathews, this expansive parcel boasts an approved tentative tract map (31554) for 433 single-family detached residential lots, each a minimum of one acre. The site enjoys significant frontage on Lake Mathews Drive and Santa Rosa Mine Road, offering excellent accessibility. Its strategic location, approximately three miles south of Cajalco Road—a major thoroughfare connecting I-15 and I-215—provides convenient access to major transportation arteries. Surrounding communities feature similar lot sizes (2-5 acres), indicating strong market demand. The property is unimproved and comes with completed Environmental Impact Reports (EIRs). The asking price is $16,000,000. While a Community Facilities District (CFD) is not yet formed, the property falls within the Corona-Norco Unified School District. This is a rare opportunity to acquire a fully entitled, large-scale residential development site in a desirable location. The property's size, location, and existing entitlements make it an exceptional investment for developers seeking a high-potential project in Southern California. The zip code is 92570.

    Property Features for 0 Lake Mathews Dr

    General Information

    Property type
    Land
    Lot Size
    38,248,294 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.4018659
    Latitude
    33.8082362

    Nearby Similar for Sale

    • New
      $7,500,000
      1,000 SF

      49-Acre Property on Cajalco Rd

      Prime land with high visibility and growth potential in Perris.
      19255 Wood Rd, Perris, CA 92570
      View Details
    • $1,250,000
      5,895 SF

      Perris Multifamily Property with Development Potential

      1.1 acre lot with 5 units, pool, and development potential.
      4439 Wade Ave, Perris, CA 92571
      View Details
    • $3,540,000
      12,000 SF

      Perris Industrial/Manufacturing Opportunity

      Industrial/Manufacturing property near key locations with access to major transportation.
      328 Malbert St, Perris, CA 92570
      View Details
    • $259,000

      New Manufactured Home in Gated Community

      New 4-bed, 3-bath manufactured home with low space rent.
      350 E San Jacinto Ave, Perris, CA 92571
      View Details
    • $290,000
      2,020 SF

      New Manufactured Home in Gated Community

      Spacious 4 bed, 2 bath home with modern amenities.
      350 E San Jacinto Ave, Perris, CA 92571
      View Details
    • Contact for pricing

      NNN Ground Lease Raising Cane's

      15.5-year absolute NNN ground lease with rental increases.
      239 West Nuevo Rd, Perris, CA 92571
      View Details
    • $229,000
      1,575 SF

      New Manufactured Home with Upgrades

      Spacious 4 bed, 3 bath home with low space rent.
      350 E San Jacinto Ave, Perris, CA 92571
      View Details
    • $550,000

      Renovated Historical Downtown Perris Property

      Excellent exposure in renovated historical downtown Perris, California.
      325 S D St, Perris, CA 92570
      View Details
    • $148,800

      New Mobile Home in Perris

      Newly built mobile home with modern features and community amenities.
      80 E Dawes St, Perris, CA 92571
      View Details
    • $699,000

      Triplex on Half-Acre Lot

      Fully rented triplex with expansion potential in a prime location.
      820 N Perris Blvd, Perris, CA 92571
      View Details
    • $750,000

      Renovated Retail Space in Perris

      Prime location near transportation and downtown Perris.
      329 S D St, Perris, CA 92570
      View Details
    • $415,000
      1,440 SF

      Two Mobile Homes on Large Lot

      Two mobile homes on a spacious 0.58-acre lot.
      20301 Jefferson St, Perris, CA 92570
      View Details

    FAQs

    What type of property is this?
    Land - Prime Riverside County development land, 433 lots.
    Where is this land located?
    The property is located at Lake Mathews Dr Perris, CA.
    What is the asking price?
    The asking price for this property is $16,000,000.
    Request Owner's contact information
    Lake Mathews Dr Perris, CA 92570
    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.
    Lake Mathews Dr
    Perris, CA 92570
    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
    Lake Mathews Dr Perris, CA 92570
    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.