36450 Inland Valley DrWildomar, CA 92595
- Healthcare properties
- 58,756 SF
Property Details for 36450 Inland Valley Dr
- Year built
- 1994
- Lot size
- 3.52 AC
- Property size (Sq ft)
- 58,756 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 380-250-016
- APU
- 380250016
Description
This exceptional 56,799 square foot medical office building in Wildomar, CA, presents a compelling investment opportunity. Situated at 36450 Inland Valley Dr, 92595, this two-story, single-building property boasts 95% occupancy and 249 parking spaces. Built in 1994, it benefits from a prime location adjacent to Inland Valley Medical Center and five miles from Rancho Springs Medical Center, both part of the Southwest Healthcare System. This strategic location within the Inland Empire's thriving medical hub provides access to a robust healthcare system serving over 30,000 patients annually at Inland Valley Medical Center alone, which includes the region's only Trauma Center. Rancho Springs Medical Center features the largest childbirth center in Southwest Riverside County. The property's accessibility via the I-15 and I-215 freeway interchange further enhances its appeal. The surrounding area demonstrates strong demographics, with over 133,000 people within a 5-mile radius and an average household income exceeding $133,036. The Inland Empire's robust economy, experiencing significant growth for nine consecutive years, offers sustained market fundamentals. Recent data indicates 4% year-over-year rent growth in Q4 2023, with the lowest vacancy rate in Southern California at 8.8%. Limited new construction further strengthens the market outlook. The building offers owner-user flexibility with approximately 50,748 square feet potentially available upon lease expiration in 2026. Currently, the property generates a strong in-place income stream, with the potential to increase revenue by leasing the remaining vacant 2,915 square feet. This institutional-quality asset represents a rare opportunity in a high-demand market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $16,148,525
- 6.5%
- $14,906,331
- 7%
- $13,841,593
-
Comparable approach
- Method
- Valuation
- Relative Method
- $10,307,124
- Geo Method
- $20,680,350
-
Alternative Use
- Use
- Valuation
- Residential
- $18,483,850
- Hospitality
- $16,931,108
- Educational
- $14,086,482
- Medical
- $14,570,938
- Retail
- $21,912,306
Location Insight
- City
- Wildomar
- County
- Riverside
- State
- California
- Latitude
- 33.5912
- Longitude
- -117.236
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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