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

    29160 Goetz Rd Canyon Lake, CA 92587-9402

    • Manufacturing properties
    • 5,980 SF
    • 1.16 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2025
    $1,529,000
    Value Estimations
    $1,500,000
    Show details
    Cap Rate Potential
    3.6%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-3035809
    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

    • Manufacturing properties

    Property Details for 29160 Goetz Rd

    Year built
    1990
    Construction
    WOOD
    Lot size
    1.16 lot acres
    Property size
    5,980 SF
    Zone code
    CP
    Property type
    Manufacturing properties
    APN
    351-071-001
    APU
    351071001

    Description

    This exceptional Menifee, CA industrial property offers 8,100 square feet of versatile space situated on a one-acre lot. The property comprises two buildings, providing ample room for various business needs. The warehouse features four grade-level loading doors, ensuring efficient loading and unloading operations. High ceilings, measuring 20 feet, offer significant storage capacity and operational flexibility. The property also includes a substantial office area, ideal for administrative functions or separate tenant occupancy. A unique feature is a three-bedroom, two-bathroom house integrated within a portion of the building, offering potential for on-site management or additional income generation. The property is strategically located less than one mile from Canyon Lake, providing a desirable location for employees and clients. Its central position between the 15 and 215 freeways offers excellent access to major transportation arteries. Two separate driveways, enhanced by a nearby stoplight, facilitate easy ingress and egress. The property's design allows for either single-tenant occupancy or division into up to four separate rental units. A potential monthly rental income of approximately $12,000 is projected, making this a strong investment opportunity. The entire property is secured within a fenced yard.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,350,000
      ML approach
      $1,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,951,000
      Market price range: $937k - $1.95M
      AI Estimate
      $931,000
      Market price range: $225k - $1.07M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,335,000
      Current use
      RETAIL STORES
      $1,980,000
      Change: +48% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,765,000
      Change: +32% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Lake
    County
    Riverside
    State
    California
    Longitude
    -117.243
    Latitude
    33.697
    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
    $15,707
    $438,600
    $938,400
    $1,377,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $490,000
      1,800 SF

      29060 Goetz Rd

      MANUFACTURING (LIGHT) • 1,800 SF
      29060 Goetz Rd, Canyon Lake, CA 92587-9458
      View Details
    • Value Estimation by Request

      23991 Vista Way

      Manufacturing properties
      23991 Vista Way, Canyon Lake, CA 92587
      View Details
    • Value Estimation
      $890,000
      2,305 SF

      22229 Loch Lomond Dr

      WAREHOUSE, STORAGE • 2,305 SF
      22229 Loch Lomond Dr, Canyon Lake, CA 92587-7548
      View Details
    • Value Estimation by Request

      30319 Big Riv Dr

      CONSTRUCTION/CONTRACTING SERVICES
      30319 Big Riv Dr, Canyon Lake, CA 92587-7716
      View Details
    • Value Estimation by Request

      23689 Cruise Cir Dr

      CONSTRUCTION/CONTRACTING SERVICES
      23689 Cruise Cir Dr, Canyon Lake, CA 92587-7759
      View Details
    • Value Estimation by Request
      1,288 SF

      23991 Vista Way

      Industrial properties • 1,288 SF
      23991 Vista Way, Menifee, CA 92587
      View Details

    Similar Nearby for Sale

    • $749,000

      Menifee Industrial Corner Lot

      High-visibility, .45-acre commercial lot.
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    • Contact for pricing

      Menifee Land Parcel For Sale

      4,356 sq. ft. parcel in growing Menifee, California.
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    • $105,000
      10,018.00 Acres

      Residential Land in Menifee, CA

      Residential land for sale in Menifee, California.
      Datil Dr, Menifee, CA 92587
      View Details
    • Contact for pricing
      4,356.00 Acres

      Residential Lot in Menifee, CA

      Flat residential lot suitable for owner use in Menifee.
      Ln Bertha Ln, Menifee, CA 92587
      View Details
    • Contact for pricing
      4,792.00 Acres

      Residential Lot with Mountain View

      Vacant land with mountain views in Menifee, California.
      Goetz Rd, Sun City, CA 92587
      View Details
    • $69,999
      9,147.00 Acres

      Residential Lot Near Canyon Lake

      Vacant lot near Canyon Lake, Menifee, close to freeways and amenities.
      Hampshire Dr, Menifee, CA 92587
      View Details

    Similar Nearby for Lease

    • $1,995 /Mo

      Furnished Commercial Building with Parking

      Stand-alone building with parking, furnished, suitable for professional use.
      23971 Newport Dr, Menifee, CA 92587
      View Details
    • $1,995 /Mo

      Furnished Commercial Building with Parking

      Stand-alone building with parking, furnished, ideal for professional use.
      23971 Newport Dr, Menifee, CA 92587
      View Details
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    29160 Goetz Rd
    Canyon Lake, CA 92587-9402
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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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