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    1011 Devonshire Ave Hemet, CA 92543

    For Lease
    $17 SF/Yr ($5,228 /Mo)

    Prime Medical Office, Single Tenant, High Visibility

    Lot size:
    3,606 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,606 square foot medical office building presents a unique investment opportunity in Riverside County. Situated directly across from Hemet Valley Medical Center, this two-story building enjoys unparalleled visibility and accessibility. The single-tenant occupancy ensures a stable income stream, while the convenient location guarantees high patient traffic. The property features a modern elevator, on-site pharmacy, and ample parking, catering to both patients and staff. The building is meticulously landscaped and well-maintained, reflecting a commitment to quality and professionalism. The lease rate is $1.45 per square foot, representing a strong return on investment. The property's strategic location, coupled with its modern amenities and high-demand medical office space, makes it an ideal acquisition for investors seeking a stable and profitable asset in a thriving healthcare market. The building's size and configuration are well-suited for a variety of medical practices, offering flexibility and adaptability to future needs. The substantial parking lot ensures convenient access for patients and staff, further enhancing the property's appeal. This turnkey operation requires minimal capital expenditure, making it an attractive option for both seasoned investors and newcomers to the commercial real estate market. The property's strong location and current lease agreement provide a solid foundation for long-term growth and profitability.

    Property Features for 1011 Devonshire Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,606 SF
    Total Rate
    5228.7

    Unit(s) available at that property

    Space
    Size
    3,606 SF
    Rate per SF
    $17

    HighLights

    • Exceptional medical office building totaling 3,606 square feet.
    • Single‑tenant occupancy.
    • Located in Riverside County.
    • Situated directly across from Hemet Valley Medical Center.
    • Features a CVS pharmacy on‑site.
    • Offers ample patient parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arrowhead Orthopaedics: Frykman ... Pediatric Orthopedic Surgeon Arrowhead Orthopaedics: Skubic ... Orthopedic Surgeon PHILLIP ANDREW SAUNDERS Oncologist Dr. Peter T. ... Doctor Dr. Jay S. ... Doctor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.961471
    Latitude
    33.7506496

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, Single Tenant, High Visibility
    Where is this medical office located?
    The property is located at 1011 Devonshire Ave Hemet, CA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Exceptional medical office building totaling 3,606 square feet.; Single-tenant occupancy.; Located in Riverside County.
    Request Owner's contact information
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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
    1011 Devonshire Ave Hemet, CA 92543
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