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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    27540 Keller Rd Menifee, CA 92584

    • Commercial real estate
    • 1.72 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2456883
    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

    • Commercial real estate

    Property Details for 27540 Keller Rd

    Lot size
    1.72 lot acres
    Property type
    Commercial real estate
    APN
    384170014; 384170015

    Description

    This exceptional 1.72-acre commercial land parcel in Menifee, CA (APN 384170014

    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
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.17452319979
    Latitude
    33.627053408441

    Comparable in this City

    • $1,377,000

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      Prime Menifee land, ready to build.
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      4.77 Acres

      Menifee Land: Prime Development Site

      4.77 Acres, EDC Zoning, Excellent Location
      0 Side Of Byers Rd, Menifee, CA 92584
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    • $480,000
      0.91 Acres

      Menifee Commercial Land - $480K

      High-traffic .91-acre lot, I-215 access
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    • $2,200,000
      274,863 SF

      Land Near Kaiser Hospital

      6.31 acres of commercial land near future off-ramp.
      28315 Keller Rd, Menifee, CA 92584
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      Land For Sale in Menifee

      Potential build site available in Menifee, California.
      Walker St, Sun City, CA 92584
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    • $188,000
      108,900.00 Acres

      Menifee Land with Development Potential

      2.5-acre lot in Menifee suitable for custom home.
      Sunset Ave, Menifee, CA 92584
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    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Menifee Land Build Site

      Land available in Menifee, California, for building.
      Walker Rd, Menifee, CA 92584
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    • $59,900
      17,424.00 Acres

      Secluded Lots in Menifee Hills

      Two secluded lots near shopping and recreation in Menifee, CA.
      Locust St, Menifee, CA 92584
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    • $59,900
      17,860.00 Acres

      Secluded Menifee Land/Lot Opportunity

      Two secluded lots near shopping and recreational parks in Menifee.
      Cottonwood Canyon Rd, Menifee, CA 92584
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    • $50,000
      30,056.00 Acres

      Menifee Vacant Land Parcel

      Over 1/2 acre vacant land in Menifee, California.
      Ennis St, Menifee, CA 92584
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    • $3,200,000
      7 SF

      Menifee Land for Manufacturing/Commercial

      7 acres of land suitable for manufacturing and commercial uses.
      33250 Howard Way, Menifee, CA 92584
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    • $188,000

      Land For Sale

      Land available for sale.
      Sunset Ave, Menifee, CA 92584
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    Similar Nearby for Lease

    • $250,000

      Menifee Land for Lease

      Two parcels totaling 1.94 acres available for ground lease.
      27073-27097 Newport Rd, Menifee, CA 92584
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    • Contact for pricing

      Retail Pads For Ground Lease

      Two 35,000 SF drive-thru retail pads for ground lease.
      Swq Newport Rd. & Winterhawk Rd, Menifee, CA 92584
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    • Contact for pricing
      25,049 SF

      Retail Property on Newport Road

      Retail property available for lease on Newport Road, Menifee, CA.
      26015-26045 Newport Rd | Menifee, Menifee, CA 92584
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      220,606 SF

      New Industrial Warehouse Space Available

      Newly constructed industrial warehouse with ample loading and parking.
      33540 Zeiders Rd, Menifee, CA 92584
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      12,596 SF

      Menifee Lakes Plaza Office Space

      Office space available for rent in Menifee Lakes Plaza.
      29787 Antelope Rd, Menifee, CA 92584
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    • $1.25 SF/Yr
      36,417 SF

      Industrial Space in Menifee

      Multi-tenant industrial building with dock and ground level loading.
      33380 Zeiders Rd, Menifee, CA 92584
      View Details
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    27540 Keller Rd
    Menifee, CA 92584
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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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