Property profile

24881 State Hwy 74 Perris, CA 92570

OFF-MARKET
Manufacturing properties
Property ID
US09-6686202
7,500 SF 1.97 ac lot Built 1973
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 24881 State Highway 74 in Perris, California, presents a significant investment opportunity. The building boasts a substantial 7,500 square feet of space, ideal for a variety of industrial uses. Situated on a generous 1.97-acre lot, the property offers ample room for expansion, storage, or outdoor operations. The asking price is $3,500,000. This property is being offered as-is. Prospective buyers are strongly encouraged to conduct their own due diligence to verify zoning regulations, permitted uses, the precise square footage, and the exact lot size. This includes, but is not limited to, obtaining necessary permits and approvals for any intended use or modifications. The information provided is believed to be accurate but is not guaranteed. All interested parties are responsible for independently verifying all aspects of the property before making an offer. This is a rare opportunity to acquire a substantial industrial property in a desirable location. Don't miss out on this chance to secure a valuable asset in a growing market. Serious inquiries only.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1973
Construction WOOD
Total area 7,500 SF
Lot 1.97 ac (85,813 SF)
Zoning code RR
APN 342-120-054
UPID US09-6686202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24881 State Hwy 74 Perris, CA 92570-7539
Perris metro Census 42902 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.48M
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$3.50M

Owner & transaction history

since 2024
Last sale
$1.2M
7 recorded transactions
2024
$1.2M
2024
$1.7M
2023
Price N/A
2023
$3.5M
2017
Price N/A
1993
$70,000
1969
Price N/A

Zoning & alternative use

RR · Perris, CA
Top alternative use upside
Medical building $2.1M +30.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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