Freestanding Auto
For Sale
Contact for pricing
111 N Soboba St, Hemet, CA 92544
Purpose-built automotive facility on a fenced commercial parcel.
Property Size7,169 SF
Lot Size1.00 Acre
Price / SF$244.11
Days on Market343
Property Features for 111 N Soboba St
General Information
Standard status
Active
Size
7,169 SF
Lot size
1.00 Acre
Property subtype
RETAIL
Additional Details
Fenced Yard
Yes
Listing Agency:
Cushman & Wakefield
(909) 942-4644
Listed By:
Sid Osborn
(909) 942-4644
Source:
Moodyscre
Added: Sep 23, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:24PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,055,180
$2.1M
Cap Rate 7%
$1,467,986
$1.5M
Cap Rate 9%
$1,141,767
$1.1M
Market Conditions
NOI Build-Up for 7,169 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $102,759 @ 7.0% cap · market cap 5.87%
Second Best
Industrial
$841.0K
$735.9K – $981.2K
NOI $58,871 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,340 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $1,750,000.
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
