Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24785 Washington Ave Murrieta, CA 92562-6253

    • Retail space
    • 470 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    3.1%
    Retail space
    Location Intelligence
    Property ID
    US09-0905765
    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

    • Zone Copy / Notary Public / Store
    • American Financial Network, Inc. / Mortgage Lender
    • WELD + WOOL / Clothing Store
    • Sharon Kean Hair Design / Beauty Salon

    Property Details for 24785 Washington Ave

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property size
    470 SF
    Zone code
    RR
    Property type
    Retail space
    APN
    906-153-005
    APU
    906153005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $215,000
      Market price range: $96.3k - $215k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $480,000
      NEIGHBORHOOD: SHOPPING CENTER
      $405,000
      AUTO REPAIR, GARAGE
      $205,000
      MEDICAL BUILDING
      $190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrieta
    County
    Riverside
    State
    California
    Longitude
    -117.215
    Latitude
    33.5537
    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
    $3,384
    $105,010
    $173,727
    $278,737
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      25096 Jefferson Ave Ste C

      STORE, RETAIL OUTLET
      25096 Jefferson Ave Ste C, Murrieta, CA 92562-1706
      View Details
    • Value Estimation by Request

      25225 Jefferson Ave

      STORE, RETAIL OUTLET
      25225 Jefferson Ave, Murrieta, CA 92562-6901
      View Details
    • Value Estimation
      $280,000
      0.42 Acres

      41135 Sandalwood Cir

      STORE, RETAIL OUTLET • 0.42 Acres
      41135 Sandalwood Cir, Murrieta, CA 92562-1007
      View Details
    • Value Estimation
      $320,000
      10.56 Acres

      40585 California Oaks Rd Ste F4

      STORE, RETAIL OUTLET • 10.56 Acres
      40585 California Oaks Rd Ste F4, Murrieta, CA 92562-5724
      View Details
    • Value Estimation
      $340,000
      19.12 Acres

      41200 Murrieta Hot Spgs Rd

      STORE, RETAIL OUTLET • 19.12 Acres
      41200 Murrieta Hot Spgs Rd, Murrieta, CA 92562-9479
      View Details
    • Value Estimation
      $365,000
      2.83 Acres

      41539 Kalmia St Ste, Unit 112

      RETAIL STORES (PERSONAL SERVICES) • 2.83 Acres
      41539 Kalmia St Ste, Murrieta, CA 92562-6512
      View Details

    Similar Nearby for Sale

    • $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
    • $1,200,000

      Historic Downtown Retail Property

      Unique corner property in historic downtown Murrieta.
      42030 C St, Murrieta, CA 92562
      View Details
    • $875,000
      1,305 SF

      Mixed-Use Property in Prime Location

      Mixed-use property with high visibility and strong traffic in Murrieta.
      41667 Kalmia St, Murrieta, CA 92562
      View Details
    • $1,450,000

      Versatile Commercial Building in Murrieta

      Prime location, high ceilings, roll-up door, secured entry.
      41610 Date 105, Murrieta, CA 92562
      View Details
    • $165,000

      Established Thai Restaurant Business Opportunity

      Unique Thai restaurant with loyal clientele in Murrieta, California.
      25060 Hancock Ave, Murrieta, CA 92562
      View Details
    • $1,125,000
      19,604 SF

      Commercial Condo For Sale

      Commercial condo available for purchase. Do not disturb tenant.
      26855 Jefferson Ave, Murrieta, CA 92562
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,286 SF

      Retail Space Available

      End cap retail space for rent.
      24360-24410 Village Walk Pl, Murrieta, CA 92562
      View Details
    • Contact for pricing
      1,015 SF

      Retail Space in Village Walk

      In-line retail space available for rent.
      24540 Village Walk Pl, Murrieta, CA 92562
      View Details
    • Contact for pricing
      21,109 SF

      Retail Space in Murrieta

      Retail space available for rent in Murrieta, California.
      24500-24510 Village Walk Pl, Murrieta, CA 92562
      View Details
    • New
      $3,365 /Mo
      1,536 SF

      Murrieta Office/Retail Space Available

      Office and retail space for lease in downtown Murrieta.
      24977 Washington Ave, Murrieta, CA 92562
      View Details
    • Contact for pricing
      1,151 SF

      Retail Space Available

      In-line retail space for rent in Murrieta, California.
      24550 Village Walk Pl, Murrieta, CA 92562
      View Details
    • $33 SF/Yr
      44,125 SF

      Town Center Plaza Retail Space

      Murrieta, CA retail center: prime location
      24831 Jefferson Ave, Murrieta, CA 92562
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24785 Washington Ave
    Murrieta, CA 92562-6253
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.