Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7 Montana St Menifee, CA 92587
    Property profile & analytics

    7 Montana St Menifee, CA 92587

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

    Current Use by Public Records

    • Land

    Property Details for 7 Montana St

    Lot size
    2.20 lot acres
    Property type
    Land

    Description

    This exceptional 2.2-acre residential lot in Menifee, California, presents a unique opportunity to build your dream home or develop a multi-unit property. Located at 7 Montana St, in the Quail Valley community, this lot boasts magnificent panoramic views of Canyon Lake and the surrounding area. Situated on a large hilltop at the end of a cul-de-sac, it offers complete privacy. The property is zoned RM (Residential Mountainous), allowing for the construction of one single-family residence, one 1500 sq ft Accessory Dwelling Unit (ADU), and one 500 sq ft Junior ADU, totaling up to six units, per the City of Menifee's regulations. Public water and electricity are available at the street, making it suitable for various projects, including a custom estate, second home, mobile home, ranch, or compound. The "Quail Valley Sewer Improvement Project," funded by the Eastern Municipal Water District, is underway, converting septic systems to sewer at no cost to residents for connection. This lot is conveniently located off Goetz Rd, near Railroad Canyon Rd, Hwy 74, and the I-15 and I-215 freeways, providing easy access to major transportation routes. The property is also close to Canyon Lake, offering stunning water views without the burden of HOA fees. Buyers are responsible for conducting their own due diligence. This lot can be purchased separately or as a package with an adjacent water view lot (APN# 350-140-008). This is an ideal opportunity for owner-builders or developers seeking a prime location with exceptional views and development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.255
    Latitude
    33.7107

    Comparable in this City

    • Value Estimation by Request
      7.76 Acres

      Montana St

      Land • 7.76 Acres
      0 Montana St, Menifee, CA 92587
      View Details
    • Value Estimation by Request

      23991 Vista Way

      Manufacturing properties
      23991 Vista Way, Canyon Lake, CA 92587
      View Details
    • Value Estimation by Request
      5.47 Acres

      Ohio Pl

      Land • 5.47 Acres
      0 Ohio Pl, Menifee, CA 92587
      View Details
    • Value Estimation by Request
      7,841 SF

      Copper Vw

      Land • 7,841 SF
      0 Copper Vw, Canyon Lake, CA 92587
      View Details
    • Value Estimation by Request
      0.12 Acres

      23950 Norma Dr

      VACANT COMMERCIAL LAND • 0.12 Acres
      23950 Norma Dr, Canyon Lake, CA 92587-9500
      View Details
    • Value Estimation by Request
      0.19 Acres

      Canyon

      VACANT COMMERCIAL LAND • 0.19 Acres
      Canyon, Lake, CA 92587
      View Details

    Similar Nearby for Sale

    • $799,500

      Land Available in Canyon Lake

      Land for sale in Riverside County, Canyon Lake.
      30665 Sorrel Ln, Canyon Lake, CA 92587
      View Details
    • $105,000
      109,336.00 Acres

      Menifee Land Opportunity

      2.51 acre lot in growing Menifee, California.
      Surfiside, Menifee, CA 92587
      View Details
    • Contact for pricing
      5,227.00 Acres

      Vacant Land in Menifee, CA

      Vacant land parcel available in Menifee, California.
      Cassandra Dr, Menifee, CA 92587
      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.
    7 Montana St
    Menifee, CA 92587
    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
    7 Montana St, Menifee, CA, 92587
    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!