0 Nec Murrieta Rd Menifee, CA 92584
This exceptional 8.7-acre parcel, located at the Northeast corner of Murrieta Road and Holland Road in Menifee, California (zip code 92584, APN 360-040-014), presents a unique investment opportunity. Currently zoned PF (Public Facilities), this property offers a wide array of potential uses, including religious institutions, educational facilities, government/public services, healthcare, and recreational facilities. The property boasts convenient street-level frontage and easy access to major roads and highways. The nearing completion of the Holland Overpass at the I-215 freeway promises improved cross-community traffic flow, further enhancing the property's accessibility and desirability. A compelling future use involves a General Plan/Zoning Code amendment to RA-1 (1 Acre Residential) zoning. This rezoning, projected to take approximately 1.5 years, would allow for the creation of five premium residential lots (four 1-acre lots and one remainder parcel), all accessed via a private easement for enhanced privacy. Available upon request are supporting documents including PC Approval with COCs, City of Menifee correspondence, structural calculations, a WQMP report, full site plans with arc, and grading plans. The asking price for this remarkable property is $1,250,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.