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

    23305 Peggy Ln Wildomar, CA 92595

    • Manufacturing properties
    • 10,600 SF
    For Sale
    View listing
    $2,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0056290
    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

    • Manufacturing properties

    Property Details for 23305 Peggy Ln

    Property size
    10,600 SF
    Property type
    Manufacturing properties
    Property subtype
    Distribution centers
    APN
    376330018

    Description

    This exceptional Wildomar, CA industrial property, located at 23305 Peggy Lane, presents a compelling investment opportunity. Boasting a substantial 10,600 square feet, the property includes approximately 9,000 square feet of warehouse space and 1,600 square feet of remodeled office space. The building sits on a fully fenced, flat, and usable 3+ acre lot, offering ample space and functionality. Seven loading docks facilitate efficient operations. The property benefits from a highly desirable MSC zoning designation and enjoys prominent freeway frontage exceeding 600 feet along the 15 Freeway, between Wildomar Trail and Clinton Keith Road, ensuring excellent visibility and accessibility. Currently generating a strong net operating income (NOI) of $210,000, this property offers a compelling 7.00% capitalization rate at an asking price of $2,450,000. The property utilizes a well and septic system. The single-tenant lease is structured as a net lease. The APN is 376330018, and the property is located in Riverside County, CA, zip code 92595. This is an ideal investment for those seeking a high-return industrial property with significant upside potential in a strategic location. The property's size, location, and current income stream make it a rare find in the market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildomar
    County
    Riverside
    State
    California
    Longitude
    -117.2536034
    Latitude
    33.6066519

    Comparable in this City

    • $7,995,000

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      Wildomar Commerce Center Land

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      Wildomar Commerce Center Land Parcel

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    Similar Nearby for Sale

    • $7,995,000

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      Wildomar Trail Development Site

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      261,000 SF

      Industrial Buildings with Secured Truck Court

      Three free-standing industrial buildings with excellent freeway access.
      36363-36387 Elizabeth Ln, Wildomar, CA 92595
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      195,642 SF

      Industrial Buildings with Secured Yard

      Two free-standing industrial buildings with excellent freeway access.
      36363-36375 Elizabeth Ln, Wildomar, CA 92595
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      Wildomar Commerce Center Land

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      Wildomar Commerce Center Land Parcel

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      View Details

    Similar Nearby for Lease

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      Land available for ground lease or build to suit.
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      6 SF

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      Land available for rent off the I-215 Freeway.
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      Lake Elsinore Retail Center Opportunity

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      Wildomar Retail Space For Rent

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    Wildomar, CA 92595
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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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