Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Assemblage Title is generated by Realmo AI

    608 N SAN JACINTO ST, Hemet, CA 92543

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Large commercial land assemblage in Hemet's Highway 79 corridor.

    Type:Land
    Property size:
    41,817 SF
    Lot size:
    0.96 Acres
    Price / SF:
    $6/SF
    Added:
    May 22, 2026
    Days on Market:
    10
    Last Refresh:
    May 27 at 8:19 am

    Property Features for 608 N SAN JACINTO ST

    General Information

    Standard status
    Active
    Size
    41,817 SF
    Lot size
    0.96 Acres
    Property subtype
    Land

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Robert Mendieta, CCIM
    Robert Mendieta, CCIM

    Listing agent Robert Mendieta, CCIM License #CA 01422904

    Listing office KW Commercial Redlands

    Listing date May 22, 2026

    Source Crexi

    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 KW Commercial Redlands

    HighLights

    • Large ±0.96‑acre (±41,817 SF) assemblage in downtown Hemet.
    • Prime location on Highway 79 corridor, a primary north‑south arterial.
    • Flexible C‑2 (General Commercial) zoning allows for diverse development options.
    • High traffic location with a large and growing trade area.
    • Priced at $279,000 ($6.67/SF), below recent comparable land sales.
    • Rare downtown infill assemblage opportunity.

    Overview

    This offering consists of two contiguous lots under single ownership, being sold together as an approximately 0.96-acre (approximately 41,817 SF) assemblage. The property is located on N San Jacinto Street, fronting Hemet's Highway 79 corridor, a primary north-south arterial within the city. Zoned C-2 (General Commercial) by the City of Hemet, the site is suitable for various development projects, including retail, restaurant, medical/office, automotive, religious, and hospitality uses, as well as owner-user developments. The zoning framework allows for numerous by-right and conditional uses. The location benefits from consistent daily traffic and a substantial, expanding trade area, with a population of 35,400 residents within a 1-mile radius, 156,800 within 3 miles, and 206,500 within 5 miles, in addition to over 160,000 daytime employees in the vicinity. This downtown infill assemblage presents an opportunity for developers, owner-users, and investors. Buyers are advised to verify zoning and permitted uses with the City of Hemet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.9582284
    Latitude
    33.756888

    Nearby Similar for Sale

    • $998,000
      4,138 SF

      Updated Hemet Quadruplex Investment Opportunity

      Four-unit property with garages, yards, and strong income potential.
      962 Monarch, Hemet, CA 92543
      View Details
    • $300,000

      Established Restaurant Business Opportunity

      Restaurant business with high-traffic location and established brand recognition.
      41831 E Florida Avenue, Hemet, CA 92544
      View Details
    • $836,000
      4,800 SF

      Hemet Commercial Property For Sale

      Commercial property in a prime location with immediate rental income.
      280 N San Jacinto Street, Hemet, CA 92543
      View Details
    • $998,000
      4,138 SF

      Updated Hemet Quadruplex Investment Opportunity

      Updated quadruplex with strong investment potential in a growing market.
      962 Monarch, Hemet, CA 92543
      View Details
    • $2,085,000
      7,689 SF

      Hemet Commercial Property For Sale

      Commercial property with shop and office space in Hemet, CA.
      3630 E Florida, Hemet, CA 92544
      View Details
    • $2,750,000
      15,700 SF

      Hemet Commercial Property For Sale

      Commercial property in Hemet, CA with development opportunities.
      1687 E Florida, Hemet, CA 92544
      View Details
    • $1,600,000
      10,660 SF

      Income-Producing Commercial Property Opportunity

      High-visibility commercial property with diversified revenue and growth potential.
      162 N San Jacinto St, Hemet, CA 92543
      View Details
    • $535,000
      2,240 SF

      Spacious Duplex in Hemet, CA

      Hemet duplex with two units, garages, and yards.
      41844 Briarwood Avenue, Hemet, CA 92544
      View Details
    • $995,000

      Hemet Townhome Project Land

      2.6-acre townhome project with recorded map in Hemet.
      26405 Girard, Hemet, CA 92544
      View Details
    • $400,000

      Hemet Infill Development Opportunity

      1.86-acre parcel zoned for 26-unit condominium community.
      43125 Andrade, Hemet, CA 92544
      View Details
    • $278,999

      Hemet Commercial Land Opportunity

      Prime commercial land for sale in Hemet, California.
      0 Florida ave, Hemet, CA 92544
      View Details
    • $189,000

      Expansive Hemet Acreage with Views

      17+ acre lot with lake views near Hemet.
      14 Starlight Mesa Drive, Hemet, CA 92544
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large commercial land assemblage in Hemet's Highway 79 corridor.
    Where is this commercial land located?
    The property is located at 608 N SAN JACINTO ST Hemet, CA.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Large ±0.96‑acre (±41,817 SF) assemblage in downtown Hemet.; Prime location on Highway 79 corridor, a primary north‑south arterial.; Flexible C‑2 (General Commercial) zoning allows for diverse development options.
    (909) 835-0429 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Mendieta, CCIM
    Robert Mendieta, CCIM
    Real Estate License ID: CA 01422904
    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

    Thank You for Inquiry
    608 N SAN JACINTO ST, HEMET, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!