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    Cactus Ave Moreno Valley, CA 92555

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    For Sale
    Contact for pricing

    9.39 Acres, R10 Rezoning Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.39-acre residential land parcel presents a unique investment opportunity in Moreno Valley, CA. Currently zoned RA2, the property offers significant potential for rezoning to R10, allowing for a high-density residential development of up to approximately 94 homes per acre. The site's prime location benefits from Moreno Valley's robust economic growth, fueled by over 30,000 new jobs created in the last decade. This growth is further amplified by the imminent addition of 20,000 jobs from the recently approved World Logistics Center (WLC), a massive 40.6 million square foot project projected to generate a $2 billion annual economic benefit. The property's proximity to major employment centers, including the Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the expanding Kaiser Medical Center project (adding 1,125,000 square feet and 4,000 jobs), further enhances its desirability. The property is offered fee simple and features APN 486-570-010. Located on Cactus Ave, Moreno Valley, CA 92555, this land presents a compelling opportunity for developers seeking to capitalize on Moreno Valley's thriving market and significant job growth. Serious inquiries only.

    Property Features for 0 Cactus Ave

    General Information

    Property type
    Land
    Lot Size
    409,028 SF

    HighLights

    • 9.39‑acre residential land parcel in Moreno Valley, CA, ideal for townhome or cluster single‑family development.
    • Potential for R10 rezoning (10 units per acre).
    • Moreno Valley has experienced over 30,000 new jobs in the last decade.
    • The approved World Logistics Center (WLC) will add 20,000 jobs.
    • Near Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact).
    • Proximity to the expanding Kaiser Medical Center project (1,125,000 sq ft expansion, 4,000 new jobs).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.18719716395
    Latitude
    33.910130350102

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    FAQs

    What type of property is this?
    Land - 9.39 Acres, R10 Rezoning Potential
    Where is this land located?
    The property is located at Cactus Ave Moreno Valley, CA.
    What are key features of this property?
    This property features: 9.39-acre residential land parcel in Moreno Valley, CA, ideal for townhome or cluster single-family development.; Potential for R10 rezoning (10 units per acre).; Moreno Valley has experienced over 30,000 new jobs in the last decade.
    (951) 567-3852
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    Cactus Ave 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
    Cactus Ave Moreno Valley, CA 92555
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