23991 Vista Way Menifee, CA 92587
This exceptional 1,288 square foot industrial property presents a unique investment opportunity in Menifee, CA. Situated on a highly visible corner lot totaling 0.45 acres (two combined APNs), this property boasts significant potential. Currently undergoing a zoning change from residential to commercial, the application has been submitted to the city and is awaiting final use submission. The property is fully fenced, ensuring security and privacy. Its prime location offers excellent exposure to high traffic volume, making it ideal for a variety of commercial uses once the zoning change is complete. The existing structure offers 1,288 square feet of space, providing a solid foundation for future development or immediate occupancy. This is a rare chance to acquire a strategically located industrial property with significant upside potential in a growing market. The property's size and visibility make it an attractive prospect for businesses seeking a prominent presence in Menifee. The pending zoning change represents a significant step towards unlocking the property's full commercial potential. Investors and developers alike will appreciate the opportunity to shape the future of this valuable asset. Act quickly to secure this promising investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.