$1,800,000
●
Land -
For Sale
32545 Nelmar
Wildomar, CA 92595
Studio
0 Bath
$8,839
Est. Monthly
About This Property
This nearly 5-acre parcel offers a rare blend of convenience,
visibility, and usability. Located at the corner of Palomar Street
and Nelmar Circle, the land features a gentle slope with mostly
flat terrain, giving you a wide canvas for development or personal
use. It's the kind of property where imagination can truly take
shape. Within the description of the land, you'll find standout
advantages such as a generous corner lot with excellent access and
a cul-de-sac, mostly flat topography ideal for building or creative
projects, utilities available nearby from the main street for easy
connection, and electricity already connected. The surrounding area
enhances the property's appeal even further. You're positioned
close to restaurants and everyday conveniences, fully developed
residential neighborhoods, a nearby casino for entertainment, and a
local winery just minutes away. All major destinations are
typically reachable within 5–10 minutes, making this location both
practical and full of potential. Bring your creativity, vision, and
ambition - this land is ready to become your next opportunity,
investment, or gold mine.
Unit Size
-
Days on Market
4 days
Land Size
4.89 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
-
Year Built
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Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 days ago (CRMLS #OC26233698)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2026 | Listed by Pacific One Real Estate | $1,800,000 | |
| Listed by Pacific One Real Estate | |||
| Mar 25, 2025 | Listed | $780,000 | |
| Listed | |||
| | |||
|
Investor & Developer Special – 4.89 Acres of Opportunity!
Discover this rare gem in the heart of Wildomar – 4.89 acres of flat-to-gently sloped land with flexible zoning potential. Positioned in a peaceful cul-de-sac with paved road access, this land is ready for your vision: subdivision, custom estate homes, or possible rezoning for commercial or multi-family development (buyer to verify with city).
Water and power are available at the street—clear legal description with Parcel Map on record.
Seller will carry 50% loan for up to 5 years – Flexible terms available for qualified buyers.
| |||
Property Highlights
With View
Exterior Details
Lot Features: Corner Lot, Cul-De-Sac, TwoToFiveUnitsAcre
Lot Size Area: 213008
Lot Size Units: Square Feet
Lot Size Acres: 4.89
Lot Size Square Feet: 213008
Water Source: Public
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Wildomar
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Thomas Tran, Pacific One Real Estate
Last Updated: 4 days ago
Data Source: CRMLS, MLS# OC26233698
Last Updated: 4 days ago
Data Source: CRMLS, MLS# OC26233698
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