26420 Palomar Rd Menifee, CA 92585-9811
- Manufacturing properties
- 2,300 SF
- 3.58 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 26420 Palomar Rd
- Year built
- 1980
- Construction
- WOOD
- Lot size
- 3.58 lot acres
- Property size
- 2,300 SF
- Zone code
- RR
- Property type
- Manufacturing properties
- APN
- 331-220-043
- APU
- 331220043
Description
This exceptional Menifee, CA industrial property offers a unique investment opportunity. Situated on a 3.58-acre lot, the property comprises three buildings: a warehouse (approximately 6,000 sq ft), an office building (approximately 2,418 sq ft), and a shop (approximately 2,500 sq ft). Currently leased until June 2026, this property benefits from industrial zoning allowing for diverse uses including warehousing, distribution, light manufacturing, repair facilities, business parks, corporate offices, research and development, technology centers, and clean industry. The flexible zoning also permits employee-intensive uses and supports hotel and retail developments, offering significant expansion or redevelopment potential. The property's development density is flexible within the allowable floor area ratio. The owner is transferring the entitlement process, including an executed easement option valued at double the approximate cost of the proposed entitlement. Conveniently located just one mile from the 215 Freeway, and within 25 minutes of Perris, Riverside, and Temecula, this property offers excellent accessibility. Utilities include city water, generators for power, septic, and propane systems. The property is being sold as-is
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,015,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,240,000
- 6.5%
- $1,865,000
- 7%
- $1,925,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,020,000
- Geo Method
- $1,990,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,265,000
- Retail
- $2,375,000
- Mixed-Use
- $2,425,000
- Hospitality
- $2,340,000
- Educational
- $2,115,000
- Residential Income
- $1,915,000
- Energy
- $1,845,000
- Income-Based Land
- $2,235,000
- Food Service
- $2,175,000
Location Insight
- Map
- Local Demand
- City
- Menifee
- County
- Riverside
- State
- California
- Longitude
- -117.162
- Latitude
- 33.737
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
