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    Grand Ave Winchester, CA 92596
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    Grand Ave Winchester, CA 92596

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    • Land
    • 18.49 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Grand Ave

    Lot size
    18.49 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 18.49-acre industrial land parcel presents a remarkable opportunity for developers and owner-users seeking a prime location in Winchester, California. Zoned for medium manufacturing, this property is ideally suited for a variety of industrial uses, including outdoor storage, warehouse development, and manufacturing facilities. Situated within the Winchester Hills specific plan, the site enjoys convenient access, being located within 10 minutes of the 215 freeway and at the northwest corner of Grand and Matthews (Case) Roads. The property's strategic location offers significant advantages for logistics and transportation. Utilities are readily available, with water, recycled water, sewer, and power conveniently located on the southwest corner of the property on Grand Avenue. This expansive lot provides ample space for large-scale projects, making it an attractive investment for those seeking significant development potential in a thriving industrial area. The APN is 461030006. This is a rare opportunity to acquire a substantial industrial land holding in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Riverside
    State
    California
    Longitude
    -117.125
    Latitude
    33.7154

    Comparable in this City

    • Value Estimation by Request
      5.80 Acres

      30033 Winchester Rd

      Self storage facilities • 3,180 SF
      30033 Winchester Rd, Winchester, CA 92596
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    • Value Estimation by Request
      19.51 Acres

      31500 Olive Ave

      Land • 19.51 Acres
      31500 Olive Ave, Winchester, CA 92596
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    • Value Estimation by Request
      53,480 SF

      Swc Domenigoni Pkwy& Winchester Rd

      Land • 53,480 SF
      0 Swc Domenigoni Pkwy& Winchester Rd, Winchester, CA 92596
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    • Value Estimation by Request
      638,154 SF

      Nwc Benton Rd & Leon Rd

      Distribution properties • 638,154 SF
      0 Nwc Benton Rd & Leon Rd, Winchester, CA 92596
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    • Value Estimation by Request
      4.20 Acres

      36575 Pourroy Rd

      CONSTRUCTION/CONTRACTING SERVICES • 4.20 Acres
      36575 Pourroy Rd, Winchester, CA 92596-9072
      View Details
    • Value Estimation
      $2,185,000
      13,428 SF

      30932 Benton Rd

      MANUFACTURING (LIGHT) • 13,428 SF
      30932 Benton Rd, Winchester, CA 92596-6018
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      348,480 SF

      Winchester Commercial Land for Lease

      Secure, industrial-zoned land available for lease in Winchester, CA.
      30075 Grand Ave, Winchester, CA 92596
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 800 to 13,690 SqFt.
      Nwc Benton Rd & Leon Rd, Winchester, CA 92596
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    • Contact for pricing

      Land Available For Lease

      Commercial land available for ground lease or build to suit.
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    • $1.20 SF/Yr

      Secure Winchester Outdoor Storage Available

      4 acres of fenced industrial land for rent in Winchester.
      30075 Grand Ave, Winchester, CA 92596
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    • $3,500 /Mo

      Winchester Industrial Land For Rent

      Industrial land with secured yard and onsite water in Winchester.
      28125 Winchester Rd, Winchester, CA 92596
      View Details
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    Winchester, CA 92596
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    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
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