Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Neq Bundy Cyn & 215 Fwy Wildomar, CA 92595
    Back to Search
    Property profile & analytics

    Neq Bundy Cyn & 215 Fwy, Wildomar, CA 92595

    View on Map
    • Retail properties & Spaces
    • 141,811 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Neq Bundy Cyn & 215 Fwy

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Cherry Outpost presents a unique investment opportunity in the thriving Wildomar, California market. This expansive retail center, situated at the intersection of Bundy Canyon and the 215 Freeway, offers exceptional visibility and accessibility. The property encompasses a total of 141,811 square feet across 6.14 acres of land, providing ample space for a variety of commercial uses, including retail and restaurant establishments. Currently, there are multiple spaces available for lease, ranging from a minimum of 2,375 square feet to a maximum contiguous space of 12,607 square feet. A significant 19,407 square feet is currently vacant, presenting a prime opportunity for expansion or new tenancy. The property's location in Riverside County, with a Wildomar zip code of 92595, ensures convenient access to a substantial customer base. The property's APN is 366-290-00

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wildomar
    County
    Riverside
    State
    California
    Longitude
    -117.259
    Latitude
    33.6261

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      36100 Hidden Springs Rd

      Restaurants
      36100 Hidden Springs Rd, Wildomar, CA 92595
      View Details
    • Value Estimation by Request
      10.72 Acres

      Nwc Wildomar Trl & Palomar St

      Land
      0 Nwc Wildomar Trl & Palomar St, Wildomar, CA 92595
      View Details
    • Value Estimation by Request

      Bundy Canyon Rd

      Restaurants
      0 Bundy Canyon Rd, Wildomar, CA 92595
      View Details
    • Value Estimation by Request

      21124 Bundy Canyon Rd

      Retail properties & Spaces
      21124 Bundy Canyon Rd, Wildomar, CA 92595
      View Details
    • Value Estimation by Request
      7,217 SF

      24033 Clinton Keith Rd

      Retail properties & Spaces
      24033 Clinton Keith Rd, Wildomar, CA 92595
      View Details
    • Value Estimation by Request
      2.65 Acres

      34281 Monte Vista Dr

      Land
      34281 Monte Vista Dr, Wildomar, CA 92595
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land in Wildomar

      1.34-acre commercial parcel in high-growth area near I-15.
      21200 Lemon St, Wildomar, CA 92595
      View Details
    • Contact for pricing

      Development Sites in Multiple Locations

      Multiple development sites available in California for apartments and SFRD.
      Elsinore Hts Dr, Lake Elsinore, CA 92595
      View Details
    • Contact for pricing

      Buildable Land with Expansive Views

      9-acre buildable parcel with flat area and natural spring.
      32350 Lost Rd, Wildomar, CA 92595
      View Details
    • Contact for pricing

      Land in Growing Menifee

      Land available in fast-growing Menifee, buyer to verify utilities.
      16 Orange St, Wildomar, CA 92595
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,600 SF

      Proposed Drive-Thru Pad Available

      Proposed drive-thru pad available for lease.
      NW Of Wildomar Trl And Clinton Keith Rd, Wildomar, CA 92595
      View Details
    • Contact for pricing

      Commercial Land for Ground Lease

      Commercial land available for ground lease.
      22241 Bundy Canyon Rd, Wildomar, CA 92595
      View Details
    • Contact for pricing

      Land Available For Ground Lease

      Land available for ground lease or build to suit.
      Swc Clinton Keith Rd. & Stable Ln Rd, Wildomar, CA 92595
      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.
    Neq Bundy Cyn & 215 Fwy
    Wildomar, CA 92595
    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
    Neq Bundy Cyn & 215 Fwy, Wildomar, CA, 92595
    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!