Property profile

23746 Ca-74 Perris, CA 92570

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 304,485 square foot commercial land parcel, located at 23746 CA-74 in Perris, California (zip code 92570), presents a remarkable investment opportunity for developers. The property, encompassing APNs 326-250-027, 326-250-028, 326-250-029, and 326-250-039, is zoned for mixed-use development and is ideally suited for high-density housing or light industrial uses with small commercial frontage, per Riverside County's Land Development Director. This strategic location benefits from significant traffic volume, with 23,392 vehicles daily on State Highway 74 and Dockery Lane NE in 2022, and 24,790 vehicles daily on State Highway 74 and Navajo Road N in the same year. The property's proximity to convenient commuter rail service—a mere two-minute drive to the Perris Downtown Metrolink (91-Perris Valley Line)—further enhances its appeal. Nearby developments include fast food, light commercial establishments, and high-density senior living across Highway 74. The intersection at Dockery will be signalized. All potential buyers are urged to conduct their own due diligence and independent investigations. Asking price is $1,800,000.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23746 Ca-74 Perris, CA 92570
Perris metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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