Property profile

38605 Calistoga Dr C1 Murrieta, CA 92563

OFF-MARKET
Office buildings
Property ID
US09-2692475
2,130 SF Built 2007
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,239 square foot ground-floor office condo in Murrieta, CA, presents a unique investment or owner-user opportunity. Located at 38605 Calistoga Drive, this meticulously maintained suite is situated within a professionally managed office park, offering convenient access to major freeways including the 215, 15, and Highway 79, and proximity to Murrieta Hot Springs Road. The unit features two private entrances, enhancing both privacy and accessibility. Inside, you'll find three private offices, each providing breathtaking views of the nearby bluffs and French Valley Airport. A well-appointed kitchenette, two private restrooms, and two storage closets cater to the needs of a busy professional environment. A spacious meeting/boardroom is perfect for client presentations or internal collaborations, while a welcoming reception area creates a positive first impression. Rear patio access offers a tranquil outdoor space. This property is ideally suited for owner-users seeking SBA financing (with a 10% down payment option) or investors targeting a high-performing asset with projected rental yields of 5.25% to 5.5% cap rate. The 0.05-acre lot provides ample space for this impressive office condo, situated in a pristine multi-tenant building. This is a truly remarkable opportunity not to be missed.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Construction TILT-UP CONCRETE
Total area 2,130 SF
Zoning code SP
APN 957-351-011
UPID US09-2692475

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician
  • Physician

Location

38605 Calistoga Dr, Unit C1 Murrieta, CA 92563-4820
Murrieta metro Census 43296 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$470k
Comparable Approach Comparable
$524k
Blend (final) Blend
$600k

Owner & transaction history

since 2024
Last sale
$600,000
3 recorded transactions
2024
$600,000
2010
$1.0M
1969
Price N/A

Zoning & alternative use

SP · Murrieta, CA
Top alternative use upside
Auto repair, garage $920,000 +33.7%
Medical building $855,000 +24.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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