Multi-Tenant Shopping
For Sale
$1,195,000
910 East Florida Ave, Hemet, CA 92543
Individual commercial suites create a flexible tenant configuration with on-site parking in Hemet.
Property Size4,540 SF
Price / SF$263.22
Days on Market57
Property Features for 910 East Florida Ave
General Information
Standard status
Active
Size
4,540 SF
Total Parking Spaces
17
Property subtype
Retail
Building Details
Building Size
4,540 SF
Year Built
1980
Tenancy
Multi
Listed By:
Michael Billings
(858) 261-1772
Source:
Svn
Added: Aug 20
Changed: Oct 4
Last Checked: Oct 14 at 9:51PM
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 Michael Billings
Investment Insights
Based on property information with market context.
Built in 1980, this multi-tenant shopping center at 910 East Florida Ave in Hemet, California, contains approximately 4,540 square feet of building area. The property is divided into nine individual commercial suites, providing separate spaces within one commercial property.
On-site parking includes approximately 17 open spaces, with designated handicap parking included. The property is offered as a commercial sale asset with an existing multi-suite configuration.
On-site parking includes approximately 17 open spaces, with designated handicap parking included. The property is offered as a commercial sale asset with an existing multi-suite configuration.
Key Highlights
- Approximately 4,540 square feet of building area
- Nine individual commercial suites
- Approximately 17 open parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,075
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,301,500
$1.3M
Cap Rate 7%
$929,643
$929.6K
Cap Rate 9%
$723,056
$723.1K
Market Conditions
NOI Build-Up for 4,540 SF
Gross rent
$98.1K $21.60/SF
− Vacancy
−$5.1K −$1.12/SF
EGI
$93.0K $20.48/SF
− OpEx
−$27.9K −$6.14/SF
NOI
$65.1K $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 Rate 5%
$1,301,500
Cap Rate 7%
$929,643
Cap Rate 9%
$723,056
Alternative Uses
Best Use
Retail
$929.6K
$813.4K – $1.08M
NOI $65,075 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,208 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Sephora — Hemet, CA 92543
- Hemet Plaza Shopping Center — 2093 e florida ave, hemet, ca 92544
- Hemet Shopping Center — 2275 E Florida Ave, Hemet, CA 92544
- Hemet Swap Meet — 2275 E Florida Ave, Hemet, CA 92544
- Harvard District — N Harvard St, Hemet, CA 92543
Frequently Asked Questions
What type of property is this?
Shopping center - Individual commercial suites create a flexible tenant configuration with on-site parking in Hemet.
Where is this shopping center located?
The property is located at 910 East Florida Ave Hemet, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Approximately 4,540 square feet of building area; Nine individual commercial suites; Approximately 17 open parking spaces
