15025 Perris BlvdMoreno Valley, CA 92551

Property Details for 15025 Perris Blvd

Year built

2006

Construction

WOOD

Lot size

1.37 AC

Property size (Sq ft)

13,013 SF

Property type

Retail properties

Property subtype

Retail space

APN

485-081-035

APU

485081035

Description

This exceptional 13,013-square-foot retail building is situated on a signalized hard corner at the intersection of John F. Kennedy Drive and Perris Boulevard in Moreno Valley, California. The property boasts ample dedicated parking, making it highly accessible for customers. Benefit from significant traffic counts, averaging approximately 22,582 vehicles per day on Cactus Avenue and 31,632 vehicles per day on Perris Boulevard. The location offers convenient access to major transportation arteries, including the 60, 215, and 10 freeways, ensuring excellent connectivity for both employees and customers. Moreno Valley is experiencing robust growth, with a diverse population exceeding 210,000 and a median age of 31.4 years. This dynamic city features a strong local economy driven by a mix of industries, including healthcare, logistics, and manufacturing, and is home to major employers such as Amazon, Skechers, and Procter & Gamble. The entire building is currently vacant, presenting a unique opportunity for a single tenant to establish a significant presence in this thriving market. The property is located in Riverside County, California, with the full address being 15025 Perris Blvd, Moreno Valley, CA 92551. This free-standing building presents a compelling investment opportunity in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,257,453

  6.5%

  $4,853,034

  7%

  $4,506,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,752,588

  Geo Method

  $11,542,068

• Alternative Use

  Use

  Valuation

  Residential

  $4,093,715

  Hospitality

  $3,749,821

  Educational

  $3,119,807

  Medical

  $3,227,102

  Retail

  $4,853,034

Location Insight

City

Moreno Valley

County

Riverside

State

California

Latitude

33.9023

Longitude

-117.227

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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