Property profile

21385 Orange Ave Perris, CA 92570

OFF-MARKET
Land
116 ac lot
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Property summary

AI-generated overview

This exceptional 116+ acre parcel in Perris, California, presents a remarkable opportunity for residential development. Located in Riverside County, this rectangular tract boasts over 1,000 feet of road frontage on Orange Avenue, conveniently situated just off Old Elsinore Road. The property also offers continuous access along approximately 4,000 feet of Marie Road. Its deep, level terrain makes it exceptionally suitable for large-scale residential projects, including tract housing or a manufactured/mobile home park. Alternatively, its size and location could also accommodate a horse ranch or similar country living development. The property is zoned residential and is situated near Mead Valley, between Brothers Nursery and John Street. Columbia Elementary School and the Riverside County Fire Department are within a mile. This investment opportunity is further enhanced by its convenient location and the potential for various development scenarios. The asking price is $2,750,000. The property's address is 21385 Orange Ave, Perris, CA 92570. This expansive land offering presents a compelling investment prospect with significant potential for future growth and return.

Property profile

Verified
Property type Land
Lot 116 ac (5,052,960 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21385 Orange Ave Perris, CA 92570
Perris metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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