29640 Goetz Rd Canyon Lake, CA 92587-9069
Property Lookup
Property profile & analytics
29640 Goetz Rd Canyon Lake, CA 92587-9069
- Drive through restaurants
- 3,200 SF
- 0.76 lot acres
Property ID
US09-3549730
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.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 29640 Goetz Rd
- Year built
- 2021
- Construction
- WOOD
- Lot size
- 0.76 lot acres
- Property size
- 3,200 SF
- Property type
- Drive through restaurants
- APN
- 351-074-024
- APU
- 351074024
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-tenant, quick-service restaurant (QSR) building in Menifee, California. Located at 29640 Goetz Rd, this 3,200 square foot property sits on a 0.8-acre lot (APN 351-074-024) and boasts over 120 linear feet of frontage on Goetz Road, a major commuter route with over 10,410 cars per day. The property benefits from a high-traffic location at the intersection of Vista Way and Goetz Rd, experiencing over 32,000 cars daily. Its strategic placement ensures high visibility and consistent foot traffic, given its proximity to both residential and commercial areas. Built in 2024, this building features a coveted drive-thru, enhancing tenant appeal and operational efficiency. The property is currently 100% occupied under a triple-net (NNN) lease, meaning the tenant is responsible for all property expenses, including repairs and maintenance. This 15-year lease includes two 5-year renewal options, providing long-term income stability. The strong demographics further enhance this investment's appeal, with over 10,000 residents within a 1-mile radius boasting an average household income exceeding $126,000, and over 62,000 residents within a 3-mile radius averaging over $110,000. The property's Net Operating Income (NOI) is $124,800, yielding a compelling 6.24% capitalization rate at an asking price of $2,000,000. The property is zoned for General Commercial use. This is a turnkey investment ideal for passive investors seeking strong returns and long-term stability.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $733,000
Market price range: $324k - $734k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Canyon Lake
- County
- Riverside
- State
- California
- Longitude
- -117.241
- Latitude
- 33.6903
- 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
$55,429
$830,000
$3,800,000
$4,630,000
-
$0.00
$0.00
$0.00
