38605 Calistoga DrMurrieta, CA 92563

Property Details for 38605 Calistoga Dr

Year built

2007

Construction

TILT-UP CONCRETE

Property size (Sq ft)

2,130 SF

Zone code

SP

Property type

Office properties

Property subtype

Office buildings

APN

957-351-011

APU

957351011

Description

This exceptional 2,239 square foot ground-floor office condo in Murrieta, CA, presents a unique investment or owner-user opportunity. Located at 38605 Calistoga Drive, this meticulously maintained suite is situated within a professionally managed office park, offering convenient access to major freeways including the 215, 15, and Highway 79, and proximity to Murrieta Hot Springs Road. The unit features two private entrances, enhancing both privacy and accessibility. Inside, you'll find three private offices, each providing breathtaking views of the nearby bluffs and French Valley Airport. A well-appointed kitchenette, two private restrooms, and two storage closets cater to the needs of a busy professional environment. A spacious meeting/boardroom is perfect for client presentations or internal collaborations, while a welcoming reception area creates a positive first impression. Rear patio access offers a tranquil outdoor space. This property is ideally suited for owner-users seeking SBA financing (with a 10% down payment option) or investors targeting a high-performing asset with projected rental yields of 5.25% to 5.5% cap rate. The 0.05-acre lot provides ample space for this impressive office condo, situated in a pristine multi-tenant building. This is a truly remarkable opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $585,410

  6.5%

  $540,379

  7%

  $501,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $373,650

  Geo Method

  $749,696

• Alternative Use

  Use

  Valuation

  Residential

  $670,069

  Hospitality

  $613,780

  Educational

  $510,658

  Medical

  $528,220

  Retail

  $794,356

Location Insight

City

Murrieta

County

Riverside

State

California

Latitude

33.5606

Longitude

-117.128

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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