Medical Office with Dental
For Sale
$689,000
1020 E Florida Avenue, Hemet, CA 92543
A C-1-zoned clinical property includes dedicated treatment and support rooms for medical or dental operations.
Property Size1,750 SF
Lot Size0.14 Acres
Price / SF$393.71
Days on Market267
Property Features for 1020 E Florida Avenue
General Information
Standard status
Active
Size
1,750 SF
Lot size
0.14 Acres
Property subtype
Office
Zoning
C-1
Additional Details
Condition
Turnkey
Asking Price
$689,000
Road Access
Yes
Currently Operating
Yes
Property Use
Medical Office
Medical Specialty
dental
Building Details
Building Size
1,750 SF
Year Built
1922
Buildings
1
Tenancy
Single
Listing Agency:
Feigen Realty Group
Listed By:
Sonya Feigen · License #01266327
(951) 233-8551
Source:
Feigenrealtygroup
Added: Feb 2
Changed: Oct 27
Last Checked: Oct 27 at 4:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Feigen Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,750-square-foot medical office occupies an approximately 6,175-square-foot lot and was built in 1922. The existing dental-office layout has seven exam rooms, a separate X-ray room, and a break room. The property is currently operating as a dental office and is zoned C-1, with medical, dental, med-spa, and other commercial or professional uses identified in the property information.
The standalone building fronts E Florida Avenue in Hemet, with signage along the street. The dental practice may be acquired separately from the real estate.
The standalone building fronts E Florida Avenue in Hemet, with signage along the street. The dental practice may be acquired separately from the real estate.
Key Highlights
- Seven exam rooms, a dedicated X‑ray room, and a break room
- 1,750‑square‑foot building on an approximately 6,175 SF lot
- C‑1 zoning; medical, dental, med‑spa, and other commercial or professional uses identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,495
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,900
$549.9K
Cap Rate 7%
$392,786
$392.8K
Cap Rate 9%
$305,500
$305.5K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$40.1K $22.92/SF
− Vacancy
−$3.4K −$1.97/SF
EGI
$36.7K $20.95/SF
− OpEx
−$9.2K −$5.24/SF
NOI
$27.5K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,900
Cap Rate 7%
$392,786
Cap Rate 9%
$305,500
Alternative Uses
Best Use
Office B
$392.8K
$343.7K – $458.3K
NOI $27,495 @ 7.0% cap · market cap 3.99%
Second Best
Healthcare Medical
$254.2K
$222.4K – $296.6K
NOI $17,793 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$524.3K
$458.7K – $611.7K
NOI $36,699 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 92543, CA
39,323
Population
15,225
Households
2.6
Avg Household Size
37
Median Age
13%
College-Educated
75%
High-School Grad
19.1 sq mi
ZIP Area
2,059
Density / Sq Mi
$47,002
Median Household Income
$34,376
Median Earnings
$1,306
Median Rent
$250,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A C-1-zoned clinical property includes dedicated treatment and support rooms for medical or dental operations.
Where is this medical office space located?
The property is located at 1020 E Florida Avenue Hemet, CA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Seven exam rooms, a dedicated X‑ray room, and a break room; 1,750‑square‑foot building on an approximately 6,175 SF lot; C‑1 zoning; medical, dental, med‑spa, and other commercial or professional uses identified
