Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    671 Avenue L Calimesa, CA 92320

    • Commercial real estate
    • 110 SF
    • 0.53 lot acres
    For Sale
    View listing
    $258,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 671 Avenue L

    Lot size
    0.53 lot acres
    Property size
    110 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.53-acre lot, located at 671 Avenue L in Calimesa, California, presents a unique opportunity for development. Boasting 110 square feet of buildable space, this property is ideally situated for those seeking convenient access to major transportation arteries. Its proximity to the 10 and 60 freeways ensures effortless commuting throughout Southern California. The location is also incredibly convenient, with a variety of amenities within easy reach. Restaurants, gas stations, and grocery stores are all less than a quarter-mile away, providing everyday convenience. For pet owners, a pet grooming business is conveniently located directly across the street. This property offers a blend of accessibility and convenience, making it an attractive prospect for building a new home or developing a small commercial venture. The lot's size provides ample space for a comfortable residence or a small-scale business. The strategic location near the freeways ensures excellent connectivity to surrounding areas, making this an ideal investment for those seeking both convenience and future growth potential. The property is easily accessible via the 10 Freeway, exiting at County Line Road West, then proceeding to Seventh Place South, and finally east on Avenue L. Don't miss this chance to acquire a highly desirable lot in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Calimesa
    County
    Riverside
    State
    California
    Longitude
    -117.064
    Latitude
    33.9991

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      Calimesa, CA 92320

      COMMERCIAL (GENERAL) • 0.02 Acres
      Calimesa, CA 92320
      View Details
    • Value Estimation by Request
      5.62 Acres

      Calimesa, CA 92320

      COMMERCIAL (GENERAL) • 5.62 Acres
      Calimesa, CA 92320
      View Details
    • Value Estimation by Request
      614 SF

      931 4th St

      COMMERCIAL (GENERAL) • 614 SF
      931 4th St, Calimesa, CA 92320-1238
      View Details
    • Value Estimation by Request
      0.73 Acres

      1136 Calimesa Blvd

      COMMERCIAL (GENERAL) • 0.73 Acres
      1136 Calimesa Blvd, Calimesa, CA 92320-1509
      View Details
    • Value Estimation by Request
      5.74 Acres

      1465 Roberts Rd

      COMMERCIAL (GENERAL) • 5.74 Acres
      1465 Roberts Rd, Calimesa, CA 92320
      View Details
    • Value Estimation by Request
      21.88 Acres

      8036 Singleton Rd

      COMMERCIAL (GENERAL) • 21.88 Acres
      8036 Singleton Rd, Calimesa, CA 92320
      View Details

    Similar Nearby for Sale

    • $1,175,000
      4,900 SF

      Calimesa Boulevard Multi-Unit Investment

      High-traffic corner, four-unit commercial property
      1041 Calimesa Blvd, Calimesa, CA 92320
      View Details
    • $258,999
      110 SF

      Calimesa Lot: Prime Location

      Build Your Dream Home - Near Freeways
      671 Avenue L, Calimesa, CA 92320
      View Details
    • $1,175,000
      4,900 SF

      Calimesa Blvd Commercial Portfolio

      Multi-tenant commercial property, high traffic area.
      1045 Calimesa Blvd, Calimesa, CA 92320
      View Details
    • $3,500,000
      13,282 SF

      Calimesa Retail/Office Investment

      13,282 SF Retail/Office Building, CA
      0 Nec Tukwet Cyn Pkwy & Desert Lawn Dr, Calimesa, CA 92320
      View Details
    • $7,000,000
      1,204,870.00 Acres

      Retail Development Site

      Retail Development Site
      36240 Cherry Valley Blvd, Calimesa, CA 92320
      View Details
    • $4,000,000

      Champions Drive Land Opportunity

      Land available on Champions Drive in Calimesa, California.
      Champions Dr, Calimesa, CA 92320
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Pad with Freeway Visibility

      Retail or restaurant space available with drive-through option and visibility.
      742 W County Line Rd | Calimesa, Calimesa, CA 92320
      View Details
    • $1.15 SF/Yr
      2,520 SF

      Warehouse with Office For Sublease

      Warehouse with one roll-up door and private office available for sublease.
      521 Ave West, Calimesa, CA 92320
      View Details
    • Contact for pricing
      110 SF

      Remodeled Office Space Available

      Completely remodeled office space for lease in Calimesa, CA.
      601 W County Line Rd, Calimesa, CA 92320
      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.
    671 Avenue L
    Calimesa, CA 92320
    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.