Property profile

540 Sandalwood Dr Calimesa, CA 92320

OFF-MARKET
Turn key restaurants
Property ID
US09-3248193
5,842 SF 1.23 ac lot Built 1998
Individually Owned 27-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

540 Sandalwood Dr Calimesa, CA 92320-1500
Calimesa metro Census 43802 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 540 Sandalwood Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message