Retail Property in Hemet For
811 E Florida Ave Hemet, CA 92543
811 E Florida Ave, Hemet, CA, 92543
$1,100,000
For Sale
$1,100,000
6700 SF retail property available in Hemet, California.
Property Size6,700 SF
Lot Size0.18 Acres
Price / SF$164.18
Days on Market129
Property Features for 811 E Florida Ave
General Information
- Standard status
- Active
- Size
- 6,700 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1953
Listing Agency
New Star Realty & Investment
(714) 865-8989
Listed by
Kee Woon Lee · License #01077991
(714) 865-8989
Source
Elliman
Added: Mar 12 Checked: Jul 17 at 6:37 am
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 New Star Realty & Investment
Investment Insights
Based on property information with market context.
A 6700 square foot retail property located in Hemet, California, is available for sale. This property is presented as a potential investment opportunity.
Key Highlights
- 6700 sf of retail property for sale
- Located in Hemet
- Good investment
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 | $144.7k | $21.60 |
| − Vacancy | −$7.5k | −$1.12 |
| EGI | $137.2k | $20.48 |
| − OpEx | −$41.2k | −$6.14 |
| NOI | $96.0k | $14.33 |
6,700 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $96,036 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,504 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dynamic Hobbies
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 6700 SF retail property available in Hemet, California.
Where is this retail space located?
The property is located at 811 E Florida Ave Hemet, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6700 sf of retail property for sale; Located in Hemet; Good investment
