43020 Black Deer Loop Temecula, CA 92590-3406
- Office buildings
- 7,894 SF
- 0.49 lot acres
Oct 18, 2021
Current Use by Public Records
- NGW Engineering, INC. / Engineering Consultant / Engineer
- Farmers Insurance - Mark Hinds / Insurance Agency
- Adam Tafoya - State Farm Insurance Agent / Insurance Agency
- The David James Experience / Alternative Medicine Practice / Spa & Massage Center
- Canear Real Estate, Inc. / Real Estate Agency
Property Details for 43020 Black Deer Loop
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 0.49 lot acres
- Property size
- 7,894 SF
- Zone code
- M1
- Property type
- Office buildings
- APN
- 921-030-007
- APU
- 921030007
Description
This exceptional two-story, 7,894 square foot Class C office building, constructed in 1987, is situated on a 0.49-acre lot in Temecula's Inland Empire submarket. The property, located at 43020 Black Deer Loop, Temecula, CA 92590 (cross streets: Diaz Road), is zoned M1 - commercial services and features 12 total suites with a maximum contiguous space of 728 square feet. Currently, 715 square feet are vacant, offering immediate occupancy opportunities for businesses seeking multiple suites. The building boasts a 0.38 building FAR and includes convenient amenities such as one elevator. Property taxes are $1.99 per square foot. The building's convenient location provides easy access to the I-15 freeway via Winchester Road, ensuring convenient commutes for employees and clients. Ample parking is available on-site. This property presents a compelling investment opportunity for businesses seeking a well-located, functional office space in a thriving Temecula commercial area. The APN is 921-030-007.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,220,000
- ML approach
- $1,155,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,980,000
- 6.5%
- $1,830,000
- 7%
- $1,695,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,426,000
Market price range: $1.30M - $2.89M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,710,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Temecula
- County
- Riverside
- State
- California
- Longitude
- -117.166
- Latitude
- 33.5117
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA