Corner Commercial Property For
For Sale
$419,900
Pending
41267 E Florida Ave, Hemet, CA 92544
Commercial property with high visibility, flexible use, and income potential.
Property Size826 SF
Lot Size0.62 Acres
Days on Market209
Property Features for 41267 E Florida Ave
General Information
Standard status
Pending
Size
826 SF
Lot size
0.62 Acres
Listing Agency:
Your Home Selling Pros
(951) 445-0691
Listed By:
David Limon · License #00908480
(951) 445-0691
Source:
Exprealty
Added: Jan 13
Changed: Aug 8
Last Checked: Jan 20 at 9:55AM
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 Your Home Selling Pros
Investment Insights
Based on property information with market context.
This commercial property, zoned CPS, presents an opportunity for an owner-user or investor. It is located on a corner lot with street presence and use potential. The 826 sq ft building includes an open workspace, two private offices, a bathroom, and a kitchenette, making it suitable for professional or service-oriented uses. The property consists of two parcels totaling 27,006 sq ft, providing land size for expansion, additional parking, or future development. The property is currently rented month-to-month, offering immediate income with a 7.14% cap rate, while also allowing the property to be delivered vacant at close for an owner-user or repositioning opportunity.
Key Highlights
- High‑visibility corner lot location with strong street presence.
- Zoned CPS, offering flexible use potential for various businesses.
- Significant land size (27,006 sq ft) for expansion, parking, or future development.
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
$11,840
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
2.82%
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%
$236,800
$236.8K
Cap Rate 7%
$169,143
$169.1K
Cap Rate 9%
$131,556
$131.6K
Market Conditions
NOI Build-Up for 826 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
$17.8K $21.60/SF
− Vacancy
−$928 −$1.12/SF
EGI
$16.9K $20.48/SF
− OpEx
−$5.1K −$6.14/SF
NOI
$11.8K $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%
$236,800
Cap Rate 7%
$169,143
Cap Rate 9%
$131,556
Alternative Uses
Best Use
Retail
$169.1K
$148.0K – $197.3K
NOI $11,840 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$247.5K
$216.5K – $288.7K
NOI $17,322 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
Domino's Pizza
Dining
2,378 visits/mo
0.5 miles
SecurCare Self Storage
Shops & Services
862 visits/mo
0.2 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?
Commercial land - Commercial property with high visibility, flexible use, and income potential.
Where is this commercial land located?
The property is located at 41267 E Florida Ave Hemet, CA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: High‑visibility corner lot location with strong street presence.; Zoned CPS, offering flexible use potential for various businesses.; Significant land size (27,006 sq ft) for expansion, parking, or future development.
