Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23185 Hemlock Ave Moreno Valley, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    100% leased retail property in Moreno Valley, California.

    Type:RETAIL
    Lot size:
    0.61 Acres
    Added:
    Jan 1, 2020
    Days on Market:
    2306
    Last Refresh:
    Apr 5 at 8:54 pm

    Property Features for 23185 Hemlock Ave

    General Information

    Standard status
    Active
    Lot size
    0.61 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 23185 Hemlock Ave Contact us

    We can help!

    Listing Contact
    Jackie Beauchamp

    Listing agent Jackie Beauchamp

    Listing office Martin Commercial Group

    Listing date Jan 1, 2020

    Source Moodyscre

    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 Martin Commercial Group

    Overview

    Retail Property in Moreno Valley

    The retail property, located at 23185 Hemlock Ave in Moreno Valley, California, is currently 100% leased and has no current availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Dental & Orthodontics Dental Office Western Dental Center: ... Dental Office Dr. E Kyu, ... Dental Office Patel Alpesh K ... Dental Office Khasru Mohammed A DDS Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.258
    Latitude
    33.9415

    Nearby Similar for Lease

    • $12,000/Mo

      Moreno Valley Retail Opportunity

      Retail building in a high-traffic location, adaptable for various businesses.
      24200 Sunnymead Boulevard, Moreno Valley, CA 92553
      View Details
    • Contact for pricing

      Moreno Valley Mall Retail Opportunity

      Regional shopping destination with high traffic and flexible space options.
      22550 Town Circle, Moreno Valley, CA 92553
      View Details
    • Contact for pricing

      Retail Space Near Moreno Valley Mall

      16,000 sq ft retail space near Moreno Valley Mall.
      22560 Town Cir, Moreno Valley, CA 92553
      View Details
    • Sponsored
      Contact for pricing

      CA, Moreno Valley - Town Cir

      22550 Town Cir, Moreno Valley, CA 92553
      View Details
    • $1.20 SF/Yr

      New Office Space Available

      Brand new office space near March Air Force Base.
      24830 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • $1.30 SF/Yr

      Free Standing Warehouse For Lease

      Freestanding warehouse with large yard and office space for lease.
      14370 Veterans Way, Moreno Valley, CA 92553
      View Details
    • Contact for pricing

      Freestanding Class A Distribution Building

      Class A distribution building with immediate freeway access and modern amenities.
      22705 Newhope St, Moreno Valley, CA 92553
      View Details
    • $2 SF/Yr

      Freestanding Building Near Amenities

      Freestanding building near restaurants and banks available for rent.
      23119 Cottonwood Ave., Moreno Valley, CA 92553
      View Details
    • Contact for pricing

      Retail Space in Moreno Valley

      Neighborhood shopping center with high traffic and dense residential area.
      24831 Alessandro Blvd, Moreno Valley, CA 92553
      View Details
    • $402/Mo

      Moreno Valley Flex/Industrial Space

      Flex/Industrial space available for lease in Moreno Valley, CA.
      24811 Rivard Rd, Moreno Valley, CA 92551
      View Details
    • $1.30 SF/Yr

      Free Standing Industrial Building

      Industrial building with office space, fenced yard, and freeway access.
      14460 Veterans Wy, Moreno Valley, CA
      View Details
    • Contact for pricing

      Rivard Road Industrial Park

      43,400 SF industrial building with secured yard for sale.
      24830-24840 Rivard Rd, Moreno Valley, CA
      View Details

    FAQs

    What type of property is this?
    Retail property - 100% leased retail property in Moreno Valley, California.
    Where is this retail property located?
    The property is located at 23185 Hemlock Ave Moreno Valley, CA.
    What are key features of this property?
    This property features: 100% Leased: Enjoy an immediate and consistent income stream.; No Current Availability: High demand and occupancy make this a solid investment.; Potential for Future Rent Increases: Increase your revenue over time.
    (951) 684-1251 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jackie Beauchamp
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!