Property profile

24000 Nuevo Rd Perris, CA 92570

OFF-MARKET
Other land
5.3 ac lot
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Property summary

AI-generated overview

A 5.3-acre mixed-use-zoned property in Riverside County bordering the city of Perris, located within an Opportunity Zone and about half a mile from the I-215 interchange. The site is made up of three contiguous parcels and is positioned near Nuevo Road and Webster Avenue in an area experiencing commercial and industrial development. Zoning permits up to 60 units per acre, with permitted uses including residential, parks, restaurants, retail, medical offices, and professional services; conditional approval may allow for hotels, entertainment venues, convenience stores, and mobile home parks. Water and power are available adjacent to the property, and sewer access is available in the street in front of a neighboring parcel. The property is also located near Perris Plaza shopping centers and is within the broader Perris-area infrastructure growth, including improvements to Ramona Expressway and expansions associated with the Perris–South Metrolink Station.

Property profile

Verified
Property type Other land
Lot 5.3 ac (230,868 SF)

Cap rate & NOI

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

Location

24000 Nuevo Rd Perris, CA 92570
Perris metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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