930 Calhoun Pl, Hemet, CA 92543

Building Details

Building Size 960 SF More

Year Built 1953 More

Buildings 2 More

Units 1 More

Listed By: Eddie Ortega Show Phone

Source: Elliman

Added: Nov 8 Last Checked: Nov 12 at 8:55AM

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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 Eddie Ortega

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Investment Insights

Based on property information with market context.

The medical office property includes a separate 400-square-foot building with access from the rear of the site. Built in 1953, the main property is currently rented for single-family use and is described as suitable for medical or medicinal office use.

Medical offices surround the property, and Hemet Medical Hospital is within walking distance. The reported walk score is 38, characterized as car-dependent; the bike score is 43, described as somewhat bikeable.

Key Highlights

• Detached 400‑square‑foot building with rear access
• Built in 1953
• Currently rented for single‑family use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,083

Cap Rate

3.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,660 $301.7K

Cap Rate 7%

$215,471 $215.5K

Cap Rate 9%

$167,589 $167.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 960 SF

Gross rent

$22.0K $22.92/SF

− Vacancy

−$1.9K −$1.97/SF

EGI

$20.1K $20.95/SF

− OpEx

−$5.0K −$5.24/SF

NOI

$15.1K $15.71/SF

Area

Riverside County, CA

Vacancy

8.60%

Lease Rate

$22.92 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,660

Cap Rate 7%

$215,471

Cap Rate 9%

$167,589

Alternative Uses

Best Use

Office B

$215.5K

$188.5K – $251.4K (±1% cap)

NOI $15,083 @ 7.0% cap · market cap 3.15%

Second Best

Healthcare Medical

$139.4K

$122.0K – $162.7K (±1% cap)

NOI $9,761 @ 7.0% cap · market cap 2.04%

Theoretical Best

Office A

$287.6K

$251.7K – $335.5K (±1% cap)

NOI $20,132 @ 7.0% cap · market cap 4.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Gym & Fitness Center Electrical Service Grocery & Convenience Store Hotel & Motel Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,938

Businesses Nearby

Under-served

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

Market

Average Price Trend$/SF for Medical Office Space in Riverside County, CA

$380 Jul

$467 Aug

$422 Sep

$531 Oct

Properties on Market for Medical Office Space in Riverside County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A detached secondary structure adds separate space with rear-property access.

Where is this medical office space located?

The property is located at 930 Calhoun Pl Hemet, CA.

What is the asking price?

The asking price for this property is $479,000.

What are key features of this property?

This property features: Detached 400‑square‑foot building with rear access; Built in 1953; Currently rented for single‑family use