Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19587 Patterson Ave Perris, CA 92570
    Back to Search
    Property profile & analytics

    19587 Patterson Ave, Perris, CA 92570

    View on Map
    • Land
    • 5.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bere's Truck Tires / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 19587 Patterson Ave

    Lot size
    5.26 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 5.26-acre parcel of land in Perris, California, presents a prime opportunity for industrial development. Located at 19587 Patterson Ave, 92570, within Riverside County, this property boasts fully entitled permits for the construction of a +/- 104,071 square foot industrial distribution building. The property's zoning designation, M-SC, allows for short-term industrial outdoor storage (IOS) use, adding to its versatility and potential return on investment. The APN numbers are 317-140-016 & 317-140-047. This site is strategically positioned to benefit from its location in Perris, offering excellent access to major transportation arteries, making it an attractive location for businesses seeking efficient logistics and distribution capabilities. The property's "Permit Ready" status significantly reduces development timelines and associated costs, representing a compelling advantage for prospective buyers. This fully entitled land presents a rare opportunity to capitalize on the growing demand for industrial space in this thriving Southern California market. Don't miss this chance to acquire a ready-to-develop industrial site in a prime location. The property is situated at latitude 33.8356557 and longitude -117.2530445.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.253
    Latitude
    33.8357

    Comparable in this City

    • Value Estimation by Request

      Mapes Rd

      Land
      0 Mapes Rd, Perris, CA 92570
      View Details
    • Value Estimation by Request
      1.16 Acres

      24461 State Highway 74

      Land
      24461 State Highway 74, Perris, CA 92570
      View Details
    • Value Estimation by Request
      953.00 Acres

      953 Ac

      Land
      953 Ac, Perris, CA 92570
      View Details
    • Value Estimation by Request
      1,500 SF

      22802 Betty Rd

      Distribution properties
      22802 Betty Rd, Perris, CA 92570
      View Details
    • Value Estimation by Request
      106,552 SF

      Riverside County CA Oleander Ave & Decker Rd

      Distribution properties
      Riverside County CA Oleander Ave & Decker Rd, Perris, CA 92570
      View Details
    • Value Estimation by Request

      23129 Cajalco Rd

      HEAVY INDUSTRIAL
      23129 Cajalco Rd, Perris, CA 92570-7298
      View Details

    Similar Nearby for Lease

    • 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

      Perris Land for Lease

      2 acres of land available for lease near 215 Freeway.
      NW Of Goetz Rd And Mapes Rd, Perris, CA 92570
      View Details
    • Contact for pricing

      Industrial Land with Buildings For Rent

      4.33 acres of fenced industrial land with two buildings.
      22850 Perry St, Perris, CA 92570
      View Details
    • Contact for pricing

      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

      Perris Warehouse Space Available

      108,872 SF warehouse with 32' clear height.
      Riverside County CA Oleander Ave And Harvill Ave, Perris, CA 92570
      View Details
    • Contact for pricing
      1,138,800 SF

      Perris Warehouse Near Freeway

      Large warehouse property with immediate freeway access in Perris, CA.
      19115 Harvill Ave, Perris, CA 92570
      View Details
    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.
    19587 Patterson Ave
    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 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
    19587 Patterson Ave, Perris, CA, 92570
    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!