540 Sandalwood DrCalimesa, CA 92320

Property Details for 540 Sandalwood Dr

Year built

1998

Construction

WOOD

Lot size

1.23 AC

Property size (Sq ft)

5,842 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

411-210-027

APU

411210027

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,360,258

  6.5%

  $2,178,700

  7%

  $2,023,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,582,542

  Geo Method

  $5,181,646

• Alternative Use

  Use

  Valuation

  Residential

  $1,837,815

  Hospitality

  $1,683,428

  Educational

  $1,400,593

  Medical

  $1,448,761

  Retail

  $2,178,700

Location Insight

City

Calimesa

County

Riverside

State

California

Latitude

33.9928

Longitude

-117.06

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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