Mixed-Use Property with Attached
New
For Sale
$1,200,000
965 Calimesa Blvd, Calimesa, CA 92320
The property pairs a commercial building with an attached residence for combined business and residential use.
Property Size4,400 SF
Days on Market3
Property Features for 965 Calimesa Blvd
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Mixed-Use Components
commercial, residential
Building Details
Building Size
4,400 SF
Listing Agency:
Elevate Real Estate Agency dba Reliance Real Estate
Listed By:
Lupe Reyes Jr. · License #01877281
(840) 255-6845
Source:
Elliman
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elevate Real Estate Agency dba Reliance Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 965 Calimesa Blvd, this mixed-use property includes an approximately 1,800-square-foot commercial building attached to a 2,600-square-foot residential home. The two components bring business and living space together on one property.
The property is along the Calimesa Boulevard corridor. Its walk score is 16 and its bike score is 5.
The property is along the Calimesa Boulevard corridor. Its walk score is 16 and its bike score is 5.
Key Highlights
- Approximately 1,800‑square‑foot commercial building
- Attached 2,600‑square‑foot residential home
- Located at 965 Calimesa Blvd in Calimesa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,755
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,100
$815.1K
Cap Rate 7%
$582,214
$582.2K
Cap Rate 9%
$452,833
$452.8K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$68.6K $15.60/SF
− Vacancy
−$3.4K −$0.78/SF
EGI
$65.2K $14.82/SF
− OpEx
−$24.5K −$5.56/SF
NOI
$40.8K $9.26/SF
Area
Riverside County, CA
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,100
Cap Rate 7%
$582,214
Cap Rate 9%
$452,833
Alternative Uses
Best Use
Mixed Use
$582.2K
$509.4K – $679.3K
NOI $40,755 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,272 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 92320, CA
10,036
Population
4,156
Households
2.4
Avg Household Size
46
Median Age
30%
College-Educated
91%
High-School Grad
13.9 sq mi
ZIP Area
722
Density / Sq Mi
$90,313
Median Household Income
$57,191
Median Earnings
$1,852
Median Rent
$423,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a commercial building with an attached residence for combined business and residential use.
Where is this mixed-use property located?
The property is located at 965 Calimesa Blvd Calimesa, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 1,800‑square‑foot commercial building; Attached 2,600‑square‑foot residential home; Located at 965 Calimesa Blvd in Calimesa
