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Listing Agency: Cushman & Wakefield Show Phone

Listed By: Sid Osborn Show Phone

Source: Moodyscre

Added: Sep 23, 2025 Changed: Oct 11 Last Checked: Oct 15 at 1:49AM

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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 Cushman & Wakefield

Investment Insights

Based on property information with market context.

The property comprises a 7,169-square-foot freestanding facility designed for automotive use. Its prior operation as an auto body shop provides a clear connection to vehicle-service applications, while the building’s purpose-built configuration distinguishes it from general commercial space.

The improvements occupy a fenced 1-acre parcel at 111 N Soboba St in Hemet, California. The site combines enclosed building area with secured land, supporting continued evaluation for automotive-related occupancy.

Key Highlights

• 7,169‑square‑foot freestanding facility
• Purpose‑built for automotive use
• Former auto body shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,759

Cap Rate

6.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,055,180 $2.1M

Cap Rate 7%

$1,467,986 $1.5M

Cap Rate 9%

$1,141,767 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,169 SF

Gross rent

$154.9K $21.60/SF

− Vacancy

−$8.1K −$1.12/SF

EGI

$146.8K $20.48/SF

− OpEx

−$44.0K −$6.14/SF

NOI

$102.8K $14.33/SF

Area

Riverside County, CA

Vacancy

5.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,055,180

Cap Rate 7%

$1,467,986

Cap Rate 9%

$1,141,767

Alternative Uses

Best Use

Retail

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,759 @ 7.0% cap · market cap 6.23%

Second Best

Industrial

$841.0K

$735.9K – $981.2K (±1% cap)

NOI $58,871 @ 7.0% cap · market cap 3.57%

Theoretical Best

Office A

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,340 @ 7.0% cap · market cap 9.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Phil's Auto Clinic Auto Repair Shop 5 Star Car ... Loan Service Intoxalock Ignition Interlock Building Supply

Suggested Use

Top Pick Law Firm Dental Office Spa & Massage Center Kitchen & Bath Showroom Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

224

Businesses Nearby

3k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 73% Shops & Services 27%

Domino's Pizza Dining

2,378 visits/mo 0.5 miles

SecurCare Self Storage Shops & Services

862 visits/mo 0.3 miles

Demographics for 92544, CA

50,007

Population

17,568

Households

2.8

Avg Household Size

37

Median Age

14%

College-Educated

81%

High-School Grad

170.8 sq mi

ZIP Area

293

Density / Sq Mi

$67,011

Median Household Income

$37,785

Median Earnings

$1,530

Median Rent

$356,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Alcala’s towing & transportation — 26180 Lake St, Hemet, CA 92544
• Mobile Mechanic Inland Empire — 42893 Acacia E Ave, Hemet, CA 92544
• Glyn's Mobile Opacity Testing — 3750 E Florida Ave ste d, Hemet, CA 92544
• Phil's Auto Clinic — 111 N Soboba St, Hemet, CA 92544
• Eco WashME Auto Detailing — 25209 steiner dr, hemet, ca 92544

Frequently Asked Questions

What type of property is this?

Auto shop - Purpose-built automotive facility on a fenced commercial parcel.

Where is this auto shop located?

The property is located at 111 N Soboba St Hemet, CA.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 7,169‑square‑foot freestanding facility; Purpose‑built for automotive use; Former auto body shop