Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Riverside County CA Oleander Ave And Harvill Ave Perris, CA 92570
    Back to Search
    Property profile & analytics

    Riverside County CA Oleander Ave And Harvill Ave, Perris, CA 92570

    View on Map
    • Warehouses
    • 108,872 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for Riverside County CA Oleander Ave And Harvill Ave

    Year built
    2023
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Class A industrial warehouse, built in 2023, offers 108,872 square feet of pristine, vacant space. Located in Perris, California, at the intersection of Oleander Ave and Harvill Ave (APN 295-310-044, Riverside County, zip code 92570), this single-story building boasts a 32-foot ceiling height, ideal for various industrial uses. The property features 16 loading docks and 14 dock-high doors, ensuring efficient loading and unloading operations. Two drive-in doors provide additional access. Ample parking is available with 99 auto spaces. The building's layout includes a typical bay size of 52' x 50', with a building depth of 260 feet and a speed bay of 60 feet. The warehouse is equipped with an ESFR sprinkler system. This exceptional property presents a rare opportunity for a single tenant to occupy a brand-new, state-of-the-art facility in a prime Riverside County location. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.268
    Latitude
    33.8602

    Comparable in this City

    • Value Estimation by Request
      106,552 SF

      Riverside County CA Oleander Ave & Decker Rd

      Distribution properties
      Riverside County CA Oleander Ave & Decker Rd, Perris, CA 92570
      View Details
    • Value Estimation by Request
      1,500 SF

      22802 Betty Rd

      Distribution properties
      22802 Betty Rd, Perris, CA 92570
      View Details
    • Value Estimation
      $38,600,000
      327,371 SF

      28840 Rider St

      DISTRIBUTION WAREHOUSE
      28840 Rider St, Perris, CA 92570
      View Details
    • Value Estimation
      $49,140,000
      373,368 SF

      Perris, CA 92570

      DISTRIBUTION WAREHOUSE
      Perris, CA 92570
      View Details
    • Value Estimation by Request
      285,482 SF

      19319 Harvill Ave

      DISTRIBUTION WAREHOUSE
      19319 Harvill Ave, Perris, CA 92570-4901
      View Details
    • Value Estimation
      $13,165,000
      678,087 SF

      23550 Placentia Ave

      DISTRIBUTION WAREHOUSE
      23550 Placentia Ave, Perris, CA 92570-9705
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      631,011 SF

      Ellis Logistics Center For Sale

      631,011 SF distribution/industrial property with secured truck courts.
      409 E Ellis Ave, Perris, CA 92570
      View Details
    • Contact for pricing
      100,924 SF

      Perris Warehouse/Distribution Build to Suit

      100,924 SF warehouse/distribution build-to-suit opportunity in Perris, CA.
      SW Of Harvill Ave And Cajalco Rd, Perris, CA 92570
      View Details
    • $1,400,000
      147,232.80 Acres

      Perris Land with Highway Frontage

      3.38 acres in Perris, suitable for industrial or commercial use.
      24755 State Highway 74, Perris, CA 92570
      View Details
    • Contact for pricing
      44,175 SF

      Industrial Land with Buildings

      4.33 acres of fenced land with two industrial buildings.
      22850 Perry St, Perris, CA 92570
      View Details
    • $998,240
      639,461.00 Acres

      Riverside County Acreage for Development

      14.68 acre parcel suitable for estate or subdivision development.
      No Address, Perris, CA 92570
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,138,800 SF

      Riverside Distribution Warehouse Available

      Large industrial space with high ceilings and ample loading docks.
      19115 Harvill Ave, Riverside, CA 92570
      View Details
    • Contact for pricing
      199,932 SF

      Perris Warehouse: 200K SF Available

      Modern warehouse, 9+ acres, immediate occupancy.
      19972 Patterson Ave, Perris, CA 92570
      View Details
    • Contact for pricing
      754,139 SF

      Perris Cross Dock Distribution Building

      753,900 SF cross-dock distribution building with two-story office space.
      2020 Goetz Rd, Perris, CA 92570
      View Details
    • Contact for pricing
      429,823 SF

      Harvill Business Center Industrial Space

      Industrial space available for lease in Harvill Business Center.
      23784 Orange Ave, Perris, CA 92570
      View Details
    • Contact for pricing
      1,138,800 SF

      Perris Warehouse Near Freeway

      Large warehouse property with immediate freeway access in Perris, CA.
      19115 Harvill Ave, Perris, CA 92570
      View Details
    • Contact for pricing
      535,207 SF

      Perris Logistics Center Freestanding Building

      Freestanding logistics building with parking and office build-out potential.
      SE Of Watson Rd & Mapes Rd, Perris, CA 92570
      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.
    Riverside County CA Oleander Ave And Harvill Ave
    Perris, CA 92570
    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
    Riverside County CA Oleander Ave And Harvill Ave, Perris, CA, 92570
    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!