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    Property profile & analytics
    OFF-MARKET Estimated value $540,000
    Turn key restaurants

    540 Sandalwood Dr, Calimesa, CA 92320-1500

    5,842 SF 1.23 ac lot Built 1998
    Individually Owned 27-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-3248193
    Property summary
    AI-generated overview

    This exceptional 5,802 square foot restaurant property, located at 540 Sandalwood Drive in Calimesa, California, presents a unique owner-user or investment opportunity. Currently vacant, this Class B building offers immediate occupancy starting April 2, 2024. Boasting 6,242 square feet of net rentable space, the property sits on a substantial 1.74-acre lot (75,794 square feet) and includes 95 parking spaces. The strategic location adjacent to the Calimesa I-10 Freeway on/off ramp ensures high visibility and accessibility. Built in 1998, the single-story building is zoned (GC) General Commercial, providing flexibility for a variety of uses. The asking price is $4,200,000, translating to a land value of $727 per square foot. Parcel IDs are 411-210-026 and 411-210-027. This property is ideal for an experienced restaurateur seeking a high-traffic location or a developer looking to capitalize on the prime real estate and flexible zoning. The property's excellent condition and convenient location make it a truly compelling investment. Don't miss this chance to acquire a significant commercial property in a rapidly growing area of Riverside County, California, zip code 92320.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1998
    Construction WOOD
    Total area 5,842 SF
    Lot 1.23 ac (53,578 SF)
    APN 411-210-027
    UPID US09-3248193
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bob's Big Boy Restaurant
    • Sammy's Cafe Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $490k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $592k
    Blend (final) Blend
    $540k
    Owner & transaction history
    YUN CHIH TSAI
    YUN CHIH TSAI
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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