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    Nec Winchester Rd/Hwy 79 & Benton Rd Murrieta, CA 92596
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    Property profile & analytics

    Nec Winchester Rd/Hwy 79 & Benton Rd, Murrieta, CA 92596

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    • Retail properties & Spaces
    • 113,928 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Nec Winchester Rd/Hwy 79 & Benton Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail opportunity is located within the French Valley Village Center in Winchester, California, at the northeast corner of Winchester Road/Highway 79 and Benton Road (zip code 92596). The property is situated in Riverside County and offers a total of 113,928 square feet of commercial space, currently featuring a mix of retail and restaurant tenants. A single, high-visibility space of 1,200 square feet is immediately available for lease. While the property's zoning is currently undeveloped residentially zoned, this presents a unique opportunity for a forward-thinking business to establish itself in a growing area. The property's strategic location at a major intersection provides excellent visibility and accessibility for customers. The large total building size indicates a thriving commercial center with established businesses, offering potential for synergy and shared customer base. This space is ideal for a variety of retail or restaurant concepts seeking a prominent location in a dynamic community. The address is easily accessible from major roadways, ensuring convenient access for both employees and customers. This 1,200 square foot space presents a rare chance to secure a foothold in a well-established commercial center with significant growth potential. Interested parties should inquire promptly.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.125
    Latitude
    33.5921

    Comparable in this City

    • Value Estimation by Request

      32897 Western Hl Dr

      Restaurants
      32897 Western Hl Dr, Winchester, CA 92596
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    • Value Estimation by Request
      53,480 SF

      Swc Domenigoni Pkwy& Winchester Rd

      Land
      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
      0 Nwc Benton Rd & Leon Rd, Winchester, CA 92596
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    • Value Estimation by Request
      40,282 SF

      Pourroy Rd And Auld Rd

      Retail properties & Spaces
      0 Pourroy Rd And Auld Rd, Winchester, CA 92596
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    • Value Estimation by Request
      2,260 SF

      30640 Benton Rd

      RESTAURANT
      30640 Benton Rd, Winchester, CA 92596-8467
      View Details
    • Value Estimation
      $3,235,000
      3,456 SF

      32150 Grand Ave

      BAR, TAVERN
      32150 Grand Ave, Winchester, CA 92596
      View Details

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    Similar Nearby for Lease

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      Former Rite Aid Retail Space

      Retail building in Winchester with drive-thru and strong co-tenancy.
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      Retail and Restaurant Spaces Available

      Pre-leasing retail and restaurant spaces in Winchester, California.
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      Retail Space Available For Rent

      Retail space available for rent in Winchester, California.
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      6,000 SF

      Retail Building For Lease

      Proposed 6,000 SF retail building available for lease.
      R5 NW Of Benton Rd And Leon Rd, Murrieta, CA 92596
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    • Contact for pricing
      3,400 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      NW Of Benton Rd & Leon Rd, Winchester, CA 92596
      View Details
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    Murrieta, 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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