Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Major Retailers Title is generated by Realmo AI

    NWQ Citrus Ave & N Perris Blvd, Perris, CA 92571

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available for pre-leasing near Walmart, Target, Aldi.

    Type:Retail
    Property size:
    63,000 SF
    Added:
    Nov 26, 2025
    Days on Market:
    171
    Last Refresh:
    Apr 5 at 9:19 pm

    Property Features for NWQ Citrus Ave & N Perris Blvd

    General Information

    Standard status
    Active
    Size
    63,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at NWQ Citrus Ave & N Perris Blvd Contact us

    We can help!

    Listing Contact
    Brian Bielatowicz
    Brian Bielatowicz

    Listing agent Brian Bielatowicz License #CalDRE #01269887

    Listing office Lee & Associates

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Lee & Associates

    HighLights

    • Available space up to 63,000 SF by combining units.
    • Anchor & Jr Anchor opportunities available for pre‑leasing.
    • Shadow anchored by the highly anticipated Harvest Landing Center.
    • Located at the NWQ of Citrus Ave & N. Perris Blvd.
    • Individual units available: Unit A (20,000 SF), Unit B (18,000 SF), and Unit C (25,000 SF).
    • Major neighboring retailers include Walmart, Target & Aldi.

    Overview

    Available for lease are retail spaces within a shopping center shadow-anchored by the upcoming Harvest Landing Center. The available spaces include Unit A with 20,000 square feet, Unit B with 18,000 square feet, and Unit C with 25,000 square feet. These units can be combined to offer a total of 63,000 square feet. The location is at the northwest corner of Citrus Avenue and North Perris Boulevard in Perris, California. The property is near major retailers, including Walmart, Target, and Aldi. Anchor and junior anchor positions are available for pre-leasing.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Perris Towne Square — 47 W Nuevo Rd, Perris, CA 92571
    • Perris Plaza Landmark — 440 E 4th St, Perris, CA 92570
    • Coinstar Kiosk | Bitcoin ATM — Stater Bros, 47 W Nuevo Rd, Perris, CA 92570

    Map

    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.226
    Latitude
    33.791

    Nearby Similar for Lease

    • $1.30 SF/Yr
      13,660 SF

      Perris Industrial Warehouse For Rent

      Well-maintained industrial warehouse with immediate freeway access available for lease.
      21414 Harvill Ave., Perris, CA 92570
      View Details
    • Contact for pricing
      1,600 SF

      Freestanding QSR Opportunity

      Freestanding and interior QSR spaces available with ample truck parking.
      23261 Cajalco Rd, Perris, CA 92570
      View Details
    • Contact for pricing
      330,735 SF

      Perris Warehouse with Office Space

      330,735 SF warehouse featuring office space and ample parking.
      23840 Rider Street, Perris, CA, 92570
      View Details
    • Contact for pricing
      764,753 SF

      Perris Industrial Space For Lease

      Large industrial space available for lease in Perris, California.
      2100 Patterson Avenue, Perris, CA 92571
      View Details
    • Contact for pricing
      90,094 SF

      Perris Class A Facility

      Class A industrial building suitable for distribution and manufacturing.
      416 Harley Knox Blvd, Perris, CA 92571
      View Details
    • Contact for pricing
      142,835 SF

      Proposed Industrial Building for Lease

      Proposed 142,835 SF industrial building on 8 acres.
      150 Harley Knox Blvd., Perris, CA, 92571
      View Details
    • Contact for pricing
      104,071 SF

      Perris Industrial Building For Lease

      104,071 SF industrial building for lease in Perris, CA.
      19651 Patterson Ave., Perris, CA, 92570
      View Details
    • Contact for pricing
      110,529 SF

      Perris Distribution Center Available

      Distribution center with immediate freeway access, estimated completion March 2024.
      675 W. Nance St., Perris, CA 92571
      View Details
    • Contact for pricing

      Perris Warehouse Space Available

      Warehouse space for rent in Perris, California.
      945-995 W Markham Street, Perris, California
      View Details
    • Contact for pricing
      2,917 SF

      Industrial Facility with Outdoor Storage

      Modern industrial facility with outdoor storage and office space.
      19972 Patterson Ave, Perris, CA 92570
      View Details
    • Contact for pricing
      423,665 SF

      Perris Distribution Center with Truck Court

      Freestanding distribution building featuring secured truck court and ample parking.
      20123 Harvill Ave, Perris, CA
      View Details
    • Contact for pricing

      Perris Warehouse Space Available

      Warehouse space available for rent in Perris, California.
      3045 Redlands Ave., Perris, CA 92571
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available for pre-leasing near Walmart, Target, Aldi.
    Where is this shopping center located?
    The property is located at NWQ Citrus Ave & N Perris Blvd Perris, CA.
    What are key features of this property?
    This property features: Available space up to **63,000 SF** by combining units.; **Anchor & Jr Anchor opportunities** available for pre‑leasing.; Shadow anchored by the highly anticipated Harvest Landing Center.
    (951) 445-4515
    We can help!
    Listing Contact
    Brian Bielatowicz
    Brian Bielatowicz
    Real Estate License ID: CalDRE #01269887
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    NWQ Citrus Ave & N. Perris Blvd, Perris, CA 92571
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!