Menifee, CA
Commercial Real Estate Market Trends & Data

$707 Avg asking sale price
$12 Avg asking lease rate
97,946 SF Avg unit lease size
8,164 SF Avg building size for sale
5.61% Average cap rate

Menifee's Demographic Profile

Menifee has 35,506 households and a median income of $87,247, providing context for rent absorption and tenant demand across retail and multifamily assets. A +6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 107,352
# Households 35,506
Median age 39
Median household income $87,247
Avg household size 3.0
Renter-occupied housing units 7,935
5-year population change +6%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Menifee, CA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Menifee $393 1,919 SF 5.39%
Murrieta $381 5,223 SF 6.68%
Temecula $420 6,789 SF 6.68%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Wildomar $300 5,257 SF 7.46%
Murrieta $286 8,445 SF 5.79%
Nearby Retail Markets Avg Cost/SF Typical Size
Menifee $2,935 3,800 SF
Canyon Lake $2,935 3,800 SF
Wildomar $291 10,133 SF
$759 5,800 SF
Winchester $780 4,460 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lake Elsinore $523 1,955 SF 6.97%
Hemet $229 7,000 SF 6.30%
March ARB $318 5,142 SF 5.39%
Moreno Valley $347 10,738 SF 6.75%

Commercial Properties For Sale in Menifee

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Newport Commons Suites 3 & 4

Menifee, CA

  • Office Building
  • 5.39% Cap Rate
  • $1,005,000
For Sale

Bldg 2

Menifee, CA 92584

  • 5,076 SF Office Building
  • 5.39% Cap Rate
  • $467,000 - $538,000
For Sale

26035 Palomar Rd

Menifee, CA 92585

  • 32,000 SF Industrial Building
  • $5,700,000
For Sale

33490 Bailey Park Blvd

Menifee, CA 92584

  • 1.36 AC Lot
  • 1 Commercial Lot
  • $750,000
For Sale

Classic Pacific Business Park

Perris, CA 92585

  • 6.92 AC Lot
  • 1 Industrial Lot
  • $4,521,525
For Sale

Prime Land next to LLUMC Murrieta Hospital

Murrieta, CA 92563

  • 2.65 AC Lot
  • 1 Commercial Lot
  • $1,400,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Internal Rate of Return (IRR) Calculator
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Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
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Maximizing Control and Income with Flexible Leasing Solutions
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A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
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A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Menifee pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Menifee $707 8,164 SF
Sun City $367 4,269 SF
Canyon Lake $2,935 3,800 SF
Wildomar $391 9,620 SF

Regional Demographic Comparison

This comparison places Menifee alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Menifee or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Menifee 107,352 35,506 39 $87,247 3 7,935 6%
Sun City 20,108 9,109 60 $55,316 2 2,330 5%
Canyon Lake 12,183 4,283 41 $120,249 3 693 5%
Wildomar 36,618 11,059 37 $92,407 3 3,046 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Menifee, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Menifee

View All Commercial Real Estate For Sale in Menifee
Is Menifee a good market for a first-time commercial real estate investor?

Menifee offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Menifee?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Menifee. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Menifee?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Menifee. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Menifee compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Menifee. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Menifee acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Menifee, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends