Retail and Office Space
For Sale
$2,085,000
3630 Florida, Hemet, CA 92544
Retail and office space on 1.86 acres with dual entrance.
Property Size7,689 SF
Lot Size1.86 Acres
Price / SF$271.17
Days on Market261
Property Features for 3630 Florida
General Information
Standard status
Active
Size
7,689 SF
Lot size
1.86 Acres
Property subtype
Retail
Amenities
3
Level
Level.
Building Details
Year Built
1968
Listing Agency:
Coldwell Banker Assoc.Brks-CL
(951) 244-1867
Listed By:
Kris Hansen · License #01878656
Source:
Xome
Added: Dec 11, 2025
Changed: Aug 28
Last Checked: Aug 29 at 7:46AM
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 Coldwell Banker Assoc.Brks-CL
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
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
$110,212
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
5.29%
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%
$2,204,240
$2.2M
Cap Rate 7%
$1,574,457
$1.6M
Cap Rate 9%
$1,224,578
$1.2M
Market Conditions
NOI Build-Up for 7,689 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
$166.1K $21.60/SF
− Vacancy
−$8.6K −$1.12/SF
EGI
$157.4K $20.48/SF
− OpEx
−$47.2K −$6.14/SF
NOI
$110.2K $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%
$2,204,240
Cap Rate 7%
$1,574,457
Cap Rate 9%
$1,224,578
Alternative Uses
Best Use
Retail
$1.57M
$1.38M – $1.84M
NOI $110,212 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,245 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
101k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 31%
Shops & Services 22%
Stater Bros. Markets
Groceries
31,139 visits/mo
0.0 miles
Starbucks
Dining
20,663 visits/mo
0.0 miles
Del Taco
Dining
15,934 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,884 visits/mo
0.2 miles
AutoZone
Shops & Services
5,400 visits/mo
0.4 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.
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 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
