Retail and Office Space
3630 E Florida Hemet, CA 92544
For Sale
$2,085,000
Retail and office space on 1.86 acres with dual entrance.
Property Size7,600 SF
Lot Size1.86 Acres
Price / SF$274.34
Days on Market97
Property Features for 3630 E Florida
General Information
Standard status
Active
Size
7,600 SF
Lot size
1.86 Acres
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
Listed By:
Kris Hansen
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 12:12PM
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 Kris Hansen
Investment Insights
Based on property information with market context.
This commercial property features over 7600 square feet of shop and office space situated on 1.86 acres. The location benefits from heavy traffic and includes dual street entrances. Currently, the property is rented at $12,000 per month, reflecting a 6.5 CAP rate, but it can be delivered vacant. The property has a walk score of 32, indicating car-dependence, and a bike score of 39, suggesting it is somewhat bikeable.
Key Highlights
- Prime location with heavy traffic
- Significant income potential: Currently rented at $12,000 per month (6.5 CAP)
- Large 1.86 acre lot
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 | $164.2k | $21.60 |
| − Vacancy | −$8.5k | −$1.12 |
| EGI | $155.6k | $20.48 |
| − OpEx | −$46.7k | −$6.14 |
| NOI | $108.9k | $14.33 |
7,600 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.56M
$1.36M – $1.82M
NOI $108,937 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,378 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail and office space on 1.86 acres with dual entrance.
Where is this retail space located?
The property is located at 3630 E Florida Hemet, CA.
What is the asking price?
The asking price for this property is $2,085,000.
What are key features of this property?
This property features: Prime location with heavy traffic; Significant income potential: Currently rented at $12,000 per month (6.5 CAP); Large 1.86 acre lot
