Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4602 West Florida Avenue Hemet, CA 92545

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $50,000

    0.40 AC pad site within WinCo Foods anchored center.

    Type:Retail
    Added:
    Nov 22, 2025
    Days on Market:
    137
    Last Refresh:
    Apr 5 at 8:41 pm

    Property Features for 4602 West Florida Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 4602 West Florida Avenue Contact us

    We can help!

    Listing Contact
    Jared Himes
    Jared Himes

    Listing agent Jared Himes License #01921954

    Listing office CBRE - Ontario

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE - Ontario

    Overview

    Retail Pad Site For Lease

    This 0.40-acre pad site is available for ground lease at an annual rent of $50,000. It is located within a shopping center anchored by WinCo Foods. The site offers the possibility for either a freestanding building or a drive-thru. The location is on Highway 74 (Florida Avenue), situated at the western entrance of Hemet's primary retail corridor. Current tenants in the shopping center include Starbucks, Circle K, Sizzler, and Chase Bank.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Leonardi's Pizza Restaurant Redbox Cinema Western Union Bank WinCo Foods Specialty Food Shop Coinstar Kiosk - Bitcoin ... Currency Exchange Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Crossroad Shopping Center — Hemet, CA 92545
    • Hemet Valley Center — 3301 W Florida Ave, Hemet, CA 92545
    • Village West Shopping Center — W Florida Ave, Hemet, CA 92545
    • Hemet Valley Mall — 2200 W Florida Ave, Hemet, CA 92545
    • Coinstar Kiosk - Bitcoin ATM — Stater Bros, 3125 W Florida Ave, Hemet, CA 92545

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -117.021
    Latitude
    33.7456

    Nearby Similar for Lease

    • $1.25/mo

      Hemet Shopping Center Retail Space

      Retail spaces available in high-traffic Hemet shopping center.
      1109-1287 South State Street, Hemet, CA 92543
      View Details
    • Contact for pricing

      Downtown Commercial Space For Rent

      Single-story building suitable for office, retail, or live/work in downtown.
      142 S Harvard St, Hemet, CA, 92543
      View Details
    • $1.39/mo

      Regional Shopping Center Space Available

      Suites available in a bustling regional shopping center.
      4672 West Florida Avenue, Hemet, CA 92545
      View Details
    • $1.50/mo

      Modern Hemet Workspace for Rent

      Exceptional Hemet property with modern design, flexible floor plans.
      43430 East Florida Avenue, Hemet, CA 92543
      View Details
    • Contact for pricing

      Retail Center Anchored by Target

      Retail spaces for lease in Hemet Valley Center.
      3301 W Florida Ave, Hemet, CA 92545
      View Details
    • Contact for pricing

      Dominant Shopping Center in Hemet

      Prominent shopping center with high visibility and convenient access.
      2901-3223 West Florida Avenue, Hemet, CA 92545
      View Details
    • Contact for pricing

      Secured Hemet Office Building For Rent

      7,228 SF office building with security fence and parking.
      380 N San Jacinto St, Hemet, CA, 92543-3108
      View Details
    • Contact for pricing

      Retail Space in Hemet Center

      Retail space available in shopping center anchored by Stater Bros.
      43430 E Florida Ave, Hemet, CA 92543
      View Details
    • Contact for pricing

      Retail Space in Hemet Plaza

      Retail space available within a busy shopping center.
      284 E Stetson , Hemet, CA, 92543
      View Details
    • Contact for pricing

      Retail Anchor Space Available

      20,001 SF anchor retail space for lease.
      2701-2721 & 2825-2897 W. Florida Ave. | Hemet, CA 92545, CA 92545
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in Hemet, CA, currently 100% leased.
      276-288 E Stetson Ave, Hemet, CA
      View Details
    • $2.00/mo

      Retail Space on San Jacinto

      Retail space available for lease on San Jacinto Street.
      561-571 S San Jacinto St, Hemet, CA
      View Details

    FAQs

    What type of property is this?
    Shopping center - 0.40 AC pad site within WinCo Foods anchored center.
    Where is this shopping center located?
    The property is located at 4602 West Florida Avenue Hemet, CA.
    What is the lease rate?
    The lease rate is $50,000.
    What are key features of this property?
    This property features: WinCo Foods Anchored Shopping Center; Located on Highway 74 (Florida Ave) at entrance to Hemet's primary retail corridor; 0.40 AC Pad Available for Ground Lease
    (949) 344-1200
    We can help!
    Listing Contact
    Jared Himes
    Jared Himes
    Real Estate License ID: 01921954
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!