Property profile

23991 Vista Way Menifee, CA 92587

OFF-MARKET
Industrial properties
1,288 SF 0.45 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Total area 1,288 SF
Lot 0.45 ac (19,602 SF)

Cap rate & NOI

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

Location

23991 Vista Way Menifee, CA 92587
Menifee 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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