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    Property profile & analytics

    Bay Ave And Moreno Bch Dr Moreno Valley, CA 92555

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

    Current Use by Public Records

    • Land

    Property Details for 0 Bay Ave And Moreno Bch Dr

    Lot size
    21.19 lot acres
    Property type
    Land

    Description

    This exceptional 21.19-acre commercial land parcel, located in Moreno Valley, California, presents a remarkable investment opportunity. Situated at the intersection of Bay Avenue and Moreno Beach Drive (zip code 92555), this fee-simple property boasts a Community Commercial District (CC) zoning designation. The property's APN is 478-060-004, 016, 017, 018, 019, 022, 023 & 024. Currently, entitlements are in place for a 499-unit multi-family housing development. This prime location benefits significantly from recent infrastructure improvements, including the completion of a new freeway interchange on Moreno Beach Drive in 2024. Moreno Valley's robust economic growth is evident in the creation of over 30,000 jobs in the past decade, with an additional 20,000 jobs anticipated from the upcoming World Logistics Center (WLC) project, slated to begin construction in 2025. The property's proximity to major employers further enhances its value. These include the Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the expanding Kaiser Medical Center project, which will add 1,125,000 square feet of medical services and create 4,000 new jobs. The WLC project alone is projected to generate a $2 billion annual economic benefit. This property offers unparalleled potential for significant returns 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
    -117.174
    Latitude
    33.9174

    Comparable in this City

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    • Value Estimation by Request
      4.97 Acres

      CA Auto Mall Dr & Auto Mall Pkwy Moreno Vly

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      39.75 Acres

      Nec Redlands Blvd & Ca 60 Fwy

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      14498 Moreno Beach Dr

      Land
      14498 Moreno Beach Dr, Moreno Valley, CA 92555
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      11.12 Acres

      Eucalyptus Ave And Redlands Blvd

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      4.80 Acres

      12650 Auto Mall Dr

      Land • 4.80 Acres
      12650 Auto Mall Dr, Moreno Valley, CA 92555
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      11.12 Acres

      Moreno Valley Commercial Land

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      13.90 Acres

      Moreno Valley Commercial Land

      Prime 13.9-acre commercial site near freeway.
      60 Moreno Bch Ave And Fwy, Moreno Valley, CA 92555
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      4.97 Acres

      Prime Pinellas Park Retail Space

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      21.19 Acres

      Moreno Valley Commercial Land

      Prime 21-acre commercial site, 499-unit entitlement.
      0 Bay Ave And Moreno Bch Dr, Moreno Valley, CA 92555
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    • Contact for pricing
      23.91 Acres

      Moreno Valley Commercial Land

      Prime 23.91-acre commercial site near freeway.
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    • $1,750,000
      2.50 Acres

      Moreno Valley Retail Land Investment

      Prime 2.5-acre commercial lot, 108,900 SF
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    Similar Nearby for Lease

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      Moreno Valley Commercial Land Lease

      ±4.3-acre lot, high-traffic corner.
      14498 Moreno Beach Dr, Moreno Valley, CA 92555
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    • 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
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    Moreno Valley, CA 92555
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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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