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    1031 Florida Ave Hemet, CA 92543

    Sponsored
    For Lease
    $4 SF/Yr

    17,000 sq ft, high-visibility Hemet property.

    Lot size:
    17,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17,000-square-foot property in Hemet, California, presents a unique investment opportunity. Located at 1031 W. Florida Ave., Hemet, CA 92543, this highly visible site boasts a prime location on Florida Avenue, offering excellent exposure from both directions. The property includes two existing small commercial buildings currently generating $3,000 per month in rental income, which will be transferred to the lessee. This income stream provides immediate return on investment. The fenced area abutting Hamilton Avenue is also part of the 17,000 square foot parcel. The property is classified as Industrial, Land, and Special Purpose, with a single tenancy. Lessees have the flexibility to manage the property as they see fit, potentially developing it further or relocating the existing businesses. Modifications to the property are permitted to enhance business operations. A long-term lease is available, starting at a negotiable rate of $0.40 per square foot per month. This versatile property offers significant potential for growth and customization. Contact the property manager for further details.

    Property Features for 1031 Florida Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,000 SF

    Unit(s) available at that property

    Space
    Size
    17,000 SF
    Rate per SF
    $4

    HighLights

    • 17,000 SF land parcel for lease in Hemet, CA at 1031 W. Florida Ave., 92543.
    • High visibility from Florida Ave. Includes fenced area abutting Hamilton Ave.
    • Two existing buildings generate $3,000/month in rental income, passing through to the lessee.
    • Lease rate: $0.40/SF/month (negotiable), long‑term lease preferred.
    • Lessee permitted to modify the property and relocate existing businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vero’s Taco Shop Taco Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.9824144
    Latitude
    33.7473057

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    FAQs

    What type of property is this?
    Flex space - 17,000 sq ft, high-visibility Hemet property.
    Where is this flex space located?
    The property is located at 1031 Florida Ave Hemet, CA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 17,000 SF land parcel for lease in Hemet, CA at 1031 W. Florida Ave., 92543.; High visibility from Florida Ave. Includes fenced area abutting Hamilton Ave.; Two existing buildings generate $3,000/month in rental income, passing through to the lessee.
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    1031 Florida Ave Hemet, CA 92543
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    Hemet, CA 92543
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    Realmo Value Estimation

    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.

    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.

    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
    1031 Florida Ave Hemet, CA 92543
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