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    Property profile & analytics

    29061 Newport Rd Menifee, CA 92584-8441

    • Grocery and convenience stores
    • 45,262 SF
    • 4.72 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US09-5417527
    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

    • Grocery and convenience stores

    Property Details for 29061 Newport Rd

    Year built
    2016
    Construction
    TILT-UP CONCRETE
    Lot size
    4.72 lot acres
    Property size
    45,262 SF
    Property type
    Grocery and convenience stores
    APN
    364-390-003
    APU
    364390003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Menifee
    County
    Riverside
    State
    California
    Longitude
    -117.152
    Latitude
    33.6841
    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
    $153,219
    $1,642,793
    $8,033,520
    $9,676,313
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,530,000
      17,854 SF

      29787 Antelope Rd

      GROCERY, SUPERMARKET • 17,854 SF
      29787 Antelope Rd, Menifee, CA 92584-8857
      View Details
    • Value Estimation by Request
      35,350 SF

      25904 Newport Rd

      GROCERY, SUPERMARKET • 35,350 SF
      25904 Newport Rd, Menifee, CA 92584-9130
      View Details
    • Value Estimation by Request
      22,610 SF

      27281 Newport Rd

      GROCERY, SUPERMARKET • 22,610 SF
      27281 Newport Rd, Menifee, CA 92584-2400
      View Details
    • Value Estimation by Request
      4,426 SF

      30187 Antelope Rd

      FINANCIAL BUILDING • 4,426 SF
      30187 Antelope Rd, Menifee, CA 92584-8073
      View Details
    • Value Estimation by Request
      2,134 SF

      27900 Garbani Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,134 SF
      27900 Garbani Rd, Menifee, CA 92584-9486
      View Details
    • Value Estimation by Request
      14,654 SF

      26973 Newport Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,654 SF
      26973 Newport Rd, Menifee, CA 92584-9221
      View Details

    Similar Nearby for Sale

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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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      Land Near Kaiser Hospital

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    Similar Nearby for Lease

    • Contact for pricing
      721 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 3,048 square feet.
      30010-30472 Haun Rd | Menifee, Menifee, CA 92584
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    • Contact for pricing
      528,000 SF

      Shops at Scott: Menifee Retail Space

      Prime Menifee retail space available now.
      27701 Scott 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
      View Details
    • Contact for pricing
      58,600 SF

      Retail and Drive-Thru Spaces Available

      Pre-leasing retail and drive-thru pads in new shopping center.
      Nec Newport Rd. & Bradley Rd, Menifee, CA 92584
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    • Contact for pricing
      121,277 SF

      28999 Newport Rd

      Restaurants • 121,277 SF
      28999 Newport Rd, Menifee, CA 92584
      View Details
    • $250,000

      Menifee Land for Lease

      Two parcels totaling 1.94 acres available for ground lease.
      27073-27097 Newport Rd, Menifee, CA 92584
      View Details

    Property Visit Statistics

    • Visits by month
      115.7k
    • Visitors by month
      54.5k
    • Avg Time on site
      23 min
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    29061 Newport Rd
    Menifee, CA 92584-8441
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    Realmo Value Estimation

    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.

    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.

    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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