Versatile Commercial Property with
561 N Palm Ave, Hemet, CA 92543
For Sale
Contact for pricing
Two buildings on a large lot with income potential.
Property Size4,387 SF
Lot Size0.59 Acres
Price / SF$141.30
Days on Market288
Property Features for 561 N Palm Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Guaranteed Realty
Listed By:
David Limon · License #00908480
(951) 445-0691
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 17 at 2:11AM
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 Guaranteed Realty
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Investment Insights
Based on property information with market context.
This commercial property presents an opportunity for either an owner-user or an investor. The property includes two separate buildings, each approximately 2,100 square feet, with individual entrances and fenced yard space. Situated on a 25,700-square-foot lot, the property features large bay doors and ample on-site parking. The layouts are suited for light industrial, warehouse, contractor, or service-based uses; however, the buyer should verify zoning and permitted uses. Both buildings are currently rented on a month-to-month basis, providing income. The property offers an 8.69% cap rate and can be delivered vacant at close. The total property size is 4,387 square feet.
Key Highlights
- Attractive 8.69% cap rate provides immediate income.
- Property can be delivered vacant at close, ideal for owner‑user.
- Two separate 2,100 sq ft buildings offer flexible use and income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,745
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,900
$874.9K
Cap Rate 7%
$624,929
$624.9K
Cap Rate 9%
$486,056
$486.1K
Market Conditions
NOI Build-Up for 4,387 SF
Gross rent
$54.7K $12.48/SF
− Vacancy
−$3.3K −$0.75/SF
EGI
$51.5K $11.73/SF
− OpEx
−$7.7K −$1.76/SF
NOI
$43.7K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,900
Cap Rate 7%
$624,929
Cap Rate 9%
$486,056
Alternative Uses
Best Use
Warehouse
$624.9K
$546.8K – $729.1K
NOI $43,745 @ 7.0% cap · market cap 7.06%
Second Best
Mixed Use
$580.5K
$507.9K – $677.3K
NOI $40,635 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,999 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
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Business Placement
Demographics for 92543, CA
39,323
Population
15,225
Households
2.6
Avg Household Size
37
Median Age
13%
College-Educated
75%
High-School Grad
19.1 sq mi
ZIP Area
2,059
Density / Sq Mi
$47,002
Median Household Income
$34,376
Median Earnings
$1,306
Median Rent
$250,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Riverside County, CA
Properties on Market for Mixed-use properties in Riverside County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings on a large lot with income potential.
Where is this mixed-use property located?
The property is located at 561 N Palm Ave Hemet, CA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Attractive 8.69% cap rate provides immediate income.; Property can be delivered vacant at close, ideal for owner‑user.; Two separate 2,100 sq ft buildings offer flexible use and income potential.
