Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    26001 Alessandro Blvd Moreno Valley, CA 92555

    • Land
    • 18.39 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 26001 Alessandro Blvd

    Lot size
    18.39 lot acres
    Property type
    Land

    Description

    This exceptional 18.39-acre land parcel presents a remarkable opportunity for large-scale residential development in Moreno Valley, California. Currently zoned R30 (Residential 30), allowing for a high-density project, this fee-simple property is ideally positioned for a 460-unit apartment complex, currently undergoing entitlement with an anticipated completion in Spring 2025. The site boasts a strategic location adjacent to the recently completed Prose Rancho Belago, a Class A 420-unit apartment community, underscoring the area's strong demand for high-quality housing. Furthermore, its proximity to the future Town Center at Moreno Valley, a mixed-use development encompassing up to 800 homes and 220,000 square feet of commercial space, promises significant synergistic benefits. Moreno Valley's robust economic growth, evidenced by over 30,000 jobs created in the last decade, is further bolstered by the nearby World Logistics Center (WLC), a 40.6 million-square-foot project generating a $2 billion annual economic impact and an additional 20,000 jobs upon its 2025 groundbreaking. The property's close proximity to Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the planned expansion of the Kaiser Medical Center (adding 1,125,000 square feet) solidifies its position within a thriving and expanding healthcare hub. The property's APN is 486-280-002 & 486-280-004, located at 26001 Alessandro Blvd, Moreno Valley, CA 92555. This is a truly exceptional investment opportunity in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.205
    Latitude
    33.9173

    Comparable in this City

    • Value Estimation by Request
      8.11 Acres

      13535 Nason St

      Land • 8.11 Acres
      13535 Nason St, Moreno Valley, CA 92555
      View Details
    • Value Estimation by Request
      41.44 Acres

      Moreno Beach Dr

      Land • 41.44 Acres
      0 Moreno Beach Dr, Moreno Valley, CA 92555
      View Details
    • Value Estimation by Request
      9.39 Acres

      Cactus Ave

      Land • 9.39 Acres
      0 Cactus Ave, Moreno Valley, CA 92555
      View Details
    • Value Estimation by Request
      17.95 Acres

      Juniper Ave

      Land • 17.95 Acres
      0 Juniper Ave, Moreno Valley, CA 92555
      View Details
    • Value Estimation by Request
      17.13 Acres

      Juniper Ave And Redlands Blvd

      Land • 17.13 Acres
      0 Juniper Ave And Redlands Blvd, Moreno Valley, CA 92555
      View Details
    • Value Estimation by Request
      9.10 Acres

      28300 Alessandro Blvd

      Land • 9.10 Acres
      28300 Alessandro Blvd, Moreno Valley, CA 92555
      View Details

    Similar Nearby for Sale

    • $8,400,000
      8.11 Acres

      Moreno Valley Development Land

      8.11 Acres, Prime Location, High Density
      13535 Nason St, Moreno Valley, CA 92555
      View Details
    • Contact for pricing
      18.39 Acres

      Moreno Valley Apartment Land

      Prime 18-acre site, 460 units planned.
      26001 Alessandro Blvd, Moreno Valley, CA 92555
      View Details
    • $1,713,000
      17.13 Acres

      Moreno Valley Residential Land

      17 Acres, Prime Location, R1 Zoning
      0 Juniper Ave And Redlands Blvd, Moreno Valley, CA 92555
      View Details
    • $1,240,000
      41.44 Acres

      Moreno Valley Hillside Land

      41 Acres, Panoramic Views, Residential
      0 Moreno Beach Dr, Moreno Valley, CA 92555
      View Details
    • Contact for pricing
      9.39 Acres

      Moreno Valley Residential Land

      9.39 Acres, R10 Rezoning Potential
      0 Cactus Ave, Moreno Valley, CA 92555
      View Details
    • Contact for pricing
      4.97 Acres

      Prime Pinellas Park Retail Space

      High-traffic retail center, 5,150 SF available
      CA Auto Mall Dr & Auto Mall Pkwy Moreno Vly, Moreno Valley, CA 92555
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Moreno Valley Commercial Land Lease

      ±4.3-acre lot, high-traffic corner.
      14498 Moreno Beach Dr, Moreno Valley, CA 92555
      View Details
    • Contact for pricing
      92,800 SF

      Retail Pad Ground Lease Available

      Retail pad available for ground lease or build to suit.
      Moreno Bch Dr. & Jfk Dr, Moreno Valley, CA 92555
      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.
    26001 Alessandro Blvd
    Moreno Valley, CA 92555
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!