41141 Raintree Ct Murrieta, CA 92562-7020
- Manufacturing properties
- 5,587 SF
- 0.31 lot acres
Nov 01, 2021
Current Use by Public Records
- Bear Valley Auto / Auto Repair Shop
- I-CAM INDUSTRIES, INC / Machine Shop
Property Details for 41141 Raintree Ct
- Year built
- 2001
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.31 lot acres
- Property size
- 5,587 SF
- Property type
- Manufacturing properties
- APN
- 910-380-069
- APU
- 910380069
Description
This exceptional Murrieta, CA industrial property presents a compelling investment opportunity. The 5,587 square foot building, constructed in 2001, sits on a spacious 13,504 square foot lot and is zoned GI, making it suitable for a variety of industrial uses. The building features a main floor of approximately 5,050 square feet, complemented by a second-story office and storage area totaling approximately 537 square feet. Amenities include 13 parking spaces, a rear, partially covered fenced storage area, fire sprinklers, a dedicated office exterior entry, a large roll-up door, and an accessible upstairs area from the kitchenette, which includes an upstairs balcony. The building also offers two restrooms and a kitchenette. The property's 20-foot ceiling height adds to its versatility. Located in the Southwest Inland Empire, this vacant property is ideal for owner-users or investors seeking a flexible industrial space. The asking price is $1,640,000, translating to $293.54 per square foot. The property's address is 41141 Raintree Ct, Murrieta, CA 92562, APN 910-380-069. This is a Class C building with two stories.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,160,000
- ML approach
- $1,275,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $880,000
- 6.5%
- $810,000
- 7%
- $755,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,483,000
- AI Estimate
- $844,000
Market price range: $888k - $1.48MMarket price range: $343k - $996k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,175,000 Current use
- OFFICE BUILDING
- $1,920,000 Change: +63% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Murrieta
- County
- Riverside
- State
- California
- Longitude
- -117.173
- Latitude
- 33.5338
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA