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Property profile & analytics
OFF-MARKET
Land

1210 Markham St Perris, CA 92571

0.98 ac lot
Property ID
Property summary
AI-generated overview

This 0.98-acre parcel in Perris, CA (APN 314-110-033), zoned Light Industrial (LI), presents a compelling investment opportunity. Priced at $1,175,000, the property offers two distinct development paths. Option one involves utilizing the land as an outdoor storage yard, leveraging existing utilities and excellent freeway access to the 215, 60, and 91 freeways. Alternatively, a build-to-suit option allows for the construction of a +/- 20,000 square foot industrial building. This potential building could include approximately 2,000-3,000 square feet of second-story mezzanine/office space, fire sprinklers, 30-32 foot clear height, two ground-level doors, two dock-high loading doors, approximately 400 amps of power, and 24 auto parking spaces. The build-to-suit project is estimated to take 18-24 months for completion. The seller is motivated and open to offers. This property is available for sale, and lease options may be considered. Potential tenants could benefit from the property's adaptability to various industrial uses. The seller may also be willing to make improvements to the property to meet specific occupant needs.

Property profile
Verified
Property type Land
Lot 0.98 ac (42,689 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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