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Property profile & analytics
OFF-MARKET Estimated value $630,000
Manufacturing properties

26420 Palomar Rd Menifee, CA 92585-9811

2,300 SF 3.58 ac lot Built 1980
Entity Owned Absentee Owner
Property ID
US09-0614731
Property summary
AI-generated overview

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

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1980
Construction WOOD
Total area 2,300 SF
Lot 3.58 ac (155,944 SF)
Zoning code RR
APN 331-220-043
UPID US09-0614731
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$751k
Blend (final) Blend
$630k
Owner & transaction history
Double Butte Storage LLC
Double Butte Storage LLC
since 2025
7 recorded transactions
2025
Price N/A
2022
$2.1M
2022
Price N/A
2020
$450,000
2000
$408,500
1990
$385,000
1988
$147,000
Zoning & alternative use
RR · Menifee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $995,000 +93.6%
Retail stores $760,000 +48.4%
Warehouse, storage $680,000 +32.5%
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