33490 Bailey Park BlvdMenifee, CA 92584

  • Retail properties
  • 1,440 SF
For Sale
$900,000 View listing

Property Details for 33490 Bailey Park Blvd

Year built
1981
Construction
WOOD
Lot size
1.36 AC
Property size (Sq ft)
1,440 SF
Zone code
RR
Property type
Retail properties
Property subtype
Retail space
APN
384-180-048
APU
384180048

Description

This exceptional 1.36-acre commercial land parcel, located at 33490 Bailey Park Blvd, Menifee, CA 92584 (APN 384-180-048), presents a prime development opportunity. The property boasts excellent visibility from the I-215 freeway and convenient access via the Scott Road offramp, placing it within close proximity to major commercial and retail services. Currently fenced, this improved land is zoned EDC-SG within the City of Menifee, a designation that aligns with the city's vision for a thriving business park and retail environment. The asking price is $900,000. This location offers significant potential for a variety of commercial developments, benefiting from its high-traffic location and strategic positioning within a rapidly growing area. The substantial lot size provides ample space for a large-scale project, while the existing infrastructure and zoning make the development process more streamlined. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. Don't miss this chance to secure a prime location in a burgeoning market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $581,782
    6.5%
    $537,030
    7%
    $498,670
  • Comparable approach

    Method
    Valuation
    Relative Method
    $636,573
    Geo Method
    $1,277,229
  • Alternative Use

    Use
    Valuation
    Residential
    $453,005
    Hospitality
    $414,950
    Educational
    $345,233
    Medical
    $357,107
    Retail
    $537,030
33490 Bailey Park Blvd, Menifee, California

Location Insight

City
Menifee
County
Riverside
State
California
Latitude
33.6346
Longitude
-117.173
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,536
$786,441
$50,191
$836,632
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