Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1045 Calimesa Blvd Calimesa, CA 92320
    Back to Search
    Property profile & analytics

    1045 Calimesa Blvd Calimesa, CA 92320

    View on Map
    • Specialty properties
    • 4,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • THE CALIMESA DRIVE- THRU DAIRY AND CORNER MARKET & VAPE SHOP / Grocery & Convenience Store

    Property Details for 1045 Calimesa Blvd

    Property size
    4,900 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional investment opportunity presents a portfolio of three buildings totaling 4,900 square feet situated on a prominent 27,007 square foot corner lot at Calimesa Boulevard and Avenue L in Calimesa, California (zip code 92320). The property consists of four separate commercial units currently occupied by a drive-thru dairy, a dart shop, a health food store, and a shutter store. The property features three separate parcels, two water meters, and two electrical meters, offering flexibility for future development or continued multi-tenant operation. This prime location benefits from high visibility and traffic counts, situated near major retailers including Bank of America, Tractor Supply, Starbucks, McDonald's, and Carl's Jr. The property's proximity to the 10 Freeway ensures convenient access for customers and employees. The area is experiencing significant growth, making this an attractive investment for both seasoned investors and developers. The property is zoned DVC Downtown Village Commercial and is offered as a 1031 exchange opportunity. The asking price is $1,175,000. This is a rare chance to acquire a well-established, multi-tenant commercial property in a thriving California market. The APN numbers are 411120036, 411120008, and 411120035. The lease type is NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calimesa
    County
    Riverside
    State
    California
    Longitude
    -117.06
    Latitude
    33.9998

    Comparable in this City

    • Value Estimation by Request

      671 L Ave

      Land
      671 L Ave, Calimesa, CA 92320
      View Details
    • Value Estimation by Request
      3.15 Acres

      County Line Rd

      Land • 3.15 Acres
      0 County Line Rd, Yucaipa, CA 92320
      View Details
    • Value Estimation by Request
      0.02 Acres

      Calimesa, CA 92320

      COMMERCIAL (GENERAL) • 0.02 Acres
      Calimesa, CA 92320
      View Details
    • Value Estimation by Request
      5.62 Acres

      Calimesa, CA 92320

      COMMERCIAL (GENERAL) • 5.62 Acres
      Calimesa, CA 92320
      View Details
    • Value Estimation by Request
      614 SF

      931 4th St

      COMMERCIAL (GENERAL) • 614 SF
      931 4th St, Calimesa, CA 92320-1238
      View Details
    • Value Estimation by Request
      0.73 Acres

      1136 Calimesa Blvd

      COMMERCIAL (GENERAL) • 0.73 Acres
      1136 Calimesa Blvd, Calimesa, CA 92320-1509
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Calimesa Land Opportunity

      229.20 acres in master-planned community for residential/mixed-use development.
      9750 Weller Rd, Calimesa, CA 92320
      View Details
    • $7,000,000
      1,204,870.00 Acres

      Retail Development Site

      Retail Development Site
      36240 Cherry Valley Blvd, Calimesa, CA 92320
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Lot with Freeway Access

      42,689 SF commercial lot with excellent freeway access.
      1106 5Th St, Calimesa, CA 92320
      View Details
    • $550 /Mo

      Calimesa Professional Office Space

      Private office with high visibility, utilities included, near 10 freeway.
      601 County Line Rd, Calimesa, CA 92320
      View Details
    • Contact for pricing

      Retail Building in Calimesa Downtown

      Retail/commercial building for lease in Calimesa's downtown area.
      950 Calimesa Blvd, Calimesa, CA 92320
      View Details
    • $1.15 SF/Yr
      2,520 SF

      Warehouse with Office For Sublease

      Warehouse with one roll-up door and private office available for sublease.
      521 Ave West, Calimesa, CA 92320
      View Details
    • $495 /Mo
      110 SF

      Calimesa Office Space For Lease

      Professional office space in Calimesa with excellent visibility.
      601 County Line Rd, Calimesa, CA 92320
      View Details
    • $3,360 /Mo
      1,200 SF

      Turnkey Freestanding Office in Calimesa

      1200sf office space with excellent street exposure, available after May 2026.
      543 W County Line Rd, Calimesa, CA 92320
      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.
    1045 Calimesa Blvd
    Calimesa, CA 92320
    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
    1045 Calimesa Blvd, Calimesa, CA, 92320
    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!