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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1139 Calimesa Blvd Calimesa, CA 92320-1549

    • Banks
    • 2,356 SF
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    Jul 21, 2023
    $1,240,000
    Value Estimations
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1851592
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 1139 Calimesa Blvd

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.45 lot acres
    Property size
    2,356 SF
    Zone code
    CPS
    Property type
    Banks
    APN
    411-222-024
    APU
    411222024

    Description

    This exceptional 2,362 square foot retail space is ideally situated at 1139 Calimesa Boulevard in Calimesa, California, within Riverside County (zip code 92320). The property is currently vacant and available for lease, presenting a unique opportunity for a single-tenant business to establish a strong presence in a thriving community. The building's total square footage is 2,362 square feet, offering ample space for a variety of retail ventures. The property's classification is commercial retail, making it suitable for a wide range of businesses. Its location in Calimesa provides excellent access to local residents and offers significant potential for growth and profitability. The property is categorized as a single-tenant space, ensuring exclusive occupancy and control. This presents a rare opportunity for a business seeking a dedicated and sizable retail location in a convenient and accessible area. The property's address is easily identifiable and accessible, offering high visibility and convenient access for customers. Detailed specifications and lease terms are available upon request. Interested parties are encouraged to inquire promptly to secure this exceptional retail opportunity. The property is located at 33.9956559 latitude and -117.057926 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,350,000
      ML approach
      $1,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,433,000
      Market price range: $699k - $1.94M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $1,245,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,030,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,015,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Calimesa
    County
    Riverside
    State
    California
    Longitude
    -117.058
    Latitude
    33.9957
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,071
    $500,000
    $740,000
    $1,240,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      1216 Calimesa Blvd

      FINANCIAL BUILDING
      1216 Calimesa Blvd, Calimesa, CA 92320-1511
      View Details
    • Value Estimation
      $515,000
      8,336 SF

      1055 Calimesa Blvd

      FINANCIAL BUILDING • 8,336 SF
      1055 Calimesa Blvd, Calimesa, CA 92320-1551
      View Details
    • Value Estimation
      $380,000
      3,664 SF

      1195 Calimesa Blvd

      FINANCIAL BUILDING • 3,664 SF
      1195 Calimesa Blvd, Calimesa, CA 92320-1549
      View Details
    • Value Estimation
      $395,000
      6,540 SF

      1000 Cherry Vly Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,540 SF
      1000 Cherry Vly Blvd, Calimesa, CA 92320-2247
      View Details
    • Value Estimation by Request
      0.86 Acres

      Calimesa, CA 92320

      RETAIL STORES (PERSONAL SERVICES) • 0.86 Acres
      Calimesa, CA 92320
      View Details
    • Value Estimation
      $295,000
      3,000 SF

      654 Ave K K

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      654 Ave K K, Calimesa, CA 92320-1115
      View Details

    Similar Nearby for Sale

    • $900,000
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      View Details
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      13,282 SF

      Calimesa Retail/Office Investment

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      1,204,870.00 Acres

      Retail Development Site

      Retail Development Site
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      View Details
    • $4,000,000

      Champions Drive Land Opportunity

      Land available on Champions Drive in Calimesa, California.
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    • $50,000

      Updated Mobile Home in Calimesa

      Updated 2 bed, 2 bath mobile home with amenities.
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      Commercial Land Development Opportunity

      1.37 acre corner lot zoned for regional commercial use.
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    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Pad with Freeway Visibility

      Retail or restaurant space available with drive-through option and visibility.
      742 W County Line Rd | Calimesa, 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
    • Contact for pricing
      110 SF

      Remodeled Office Space Available

      Completely remodeled office space for lease in Calimesa, CA.
      601 W County Line Rd, Calimesa, CA 92320
      View Details
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    Calimesa, CA 92320-1549
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    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
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