1687 E Florida Hemet, CA 92544
Bank of America NNN lease with development opportunities.
Property Features for 1687 E Florida
General Information
- Standard status
- Active
- Size
- 15,700 SF
- Lot size
- 1.71 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing office Century 21 Discovery (714) 606-2600
Listing date Mar 11, 2026
Source Elliman
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 Century 21 Discovery
Investment Insights
Based on property information with market context.
Key Highlights
- NNN Lease with Bank of America in place until 9/30/2029.
- Large parcel of land: approximately 75,000 square feet.
- Building size: approximately 15,700 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $339.1k | $21.60 |
| − Vacancy | −$17.6k | −$1.12 |
| EGI | $321.5k | $20.48 |
| − OpEx | −$96.4k | −$6.14 |
| NOI | $225.0k | $14.33 |
