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    24531 Garrison St Murrieta, CA 92562

    • Industrial properties
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2089571
    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

    • Industrial properties

    Property Details for 24531 Garrison St

    Lot size
    0.61 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 0.61-acre industrial property at 24531 Garrison Street, Murrieta, CA, presents a remarkable investment opportunity. Ideally situated in a prime commercial corridor with excellent freeway visibility and frontage on Village Walk Drive, this Community Commercial (CC) zoned lot benefits from its proximity to the I-15 freeway and is surrounded by a high-density residential area and major Murrieta thoroughfares. The property's central location ensures high traffic volume, making it perfect for a variety of commercial uses. Its strategic position directly across from the Village Walk Plaza and near planned hotel and multi-unit residential developments further enhances its value and potential for future growth. A unique aspect of this offering is the simultaneous availability of two adjacent lots (APN: 949110014 and APN: 949110031), each separately listed but offering significant combined value for developers. Acquiring all three parcels would exponentially increase the land's overall worth. The CC zoning allows for a wide range of conforming uses, providing considerable flexibility for future development. This property is priced at $700,000. Interested parties are encouraged to conduct their own due diligence to verify all information. Showings are by appointment only.

    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
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.2111
    Latitude
    33.56364

    Comparable in this City

    • $1,750,000
      6,706 SF

      Murrieta Warehouse: $1.75M

      6,706 SF Warehouse, Office Space, CA
      26187 Jefferson Ave, Murrieta, CA 92562
      View Details
    • $1,450,000
      4,843 SF

      Versatile Commercial Building in Murrieta

      Commercial building in prime Murrieta location, ideal for various uses.
      41610 Date St, Murrieta, CA 92562
      View Details
    • $5,225,000
      21,462 SF

      Industrial Building with Secured Yard

      Freestanding industrial building with office space and secured yard.
      41670 Reagan Way, Murrieta, CA 92562
      View Details
    • $2,131,800
      7 SF

      Industrial Flex Space For Sale

      Industrial flex space with existing lease income and vacant suite.
      26163 Jefferson Ave | Murrieta, Murrieta, CA 92562
      View Details
    • $950,000

      Versatile Commercial Condo in Murrieta

      Commercial condo with offices and warehouse space in central location.
      41765 Elm St, Murrieta, CA 92562
      View Details

    Similar Nearby for Sale

    • $1,750,000
      6,706 SF

      Murrieta Warehouse: $1.75M

      6,706 SF Warehouse, Office Space, CA
      26187 Jefferson Ave, Murrieta, CA 92562
      View Details
    • $1,450,000
      4,843 SF

      Versatile Commercial Building in Murrieta

      Commercial building in prime Murrieta location, ideal for various uses.
      41610 Date St, Murrieta, CA 92562
      View Details
    • $5,225,000
      21,462 SF

      Industrial Building with Secured Yard

      Freestanding industrial building with office space and secured yard.
      41670 Reagan Way, Murrieta, CA 92562
      View Details
    • $2,131,800
      7 SF

      Industrial Flex Space For Sale

      Industrial flex space with existing lease income and vacant suite.
      26163 Jefferson Ave | Murrieta, Murrieta, CA 92562
      View Details
    • $950,000

      Versatile Commercial Condo in Murrieta

      Commercial condo with offices and warehouse space in central location.
      41765 Elm St, Murrieta, CA 92562
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Murrieta, CA, currently 100% leased.
      26371 Beckman Ct, Murrieta, CA 92562
      View Details
    • Contact for pricing
      7,304 SF

      Murrieta Warehouse Space Available

      7,304 SF warehouse space for lease in Murrieta.
      26151 Jefferson Ave, Murrieta, CA 92562
      View Details
    • $1.30 SF/Yr
      4,180 SF

      Murrieta Warehouse Near 15 Fwy

      Multi-tenant building with reception, office, and restroom near I-15.
      41531-41537 Cherry St, Murrieta, CA 92562
      View Details
    • $1.37 SF/Yr
      20,521 SF

      Office and Warehouse Space Available

      Sublease available through 2/28/2027, featuring office and warehouse components.
      41120 Elm St, Murrieta, CA 92562
      View Details
    • $1.34 SF/Yr
      9,660 SF

      Industrial Flex Space Available

      Multi-tenant building with warehouse and office space for lease.
      41831 Mcalby Ct, Murrieta, CA 92562
      View Details
    • $1.30 SF/Yr
      10,620 SF

      Murrieta Flex/Industrial Space Available

      Flexible lease terms, low CAM fees, and versatile space.
      26372 Deere Ct | Murrieta, Murrieta, CA 92562
      View Details
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    24531 Garrison St
    Murrieta, CA 92562
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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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