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Flex Property with Separate Land
New
For Sale
$5,410,000

980-1000 N State Street, Hemet, CA 92543

The property is 48% vacant, with 43,088 square feet available for lease.

Property Size89,375 SF
Days on Market2

Property Features for 980-1000 N State Street

General Information

Standard status Active
Size 89,375 SF
Property subtype Retail
Occupancy 52%
Net Operating Income $270,544

Additional Details

Asking Price $5,410,000

Building Details

Building Size 89,375 SF
Listing Agency: Progressive Real Estate Partners
Listed By: Greg Bedell, CCIM · License #CalDRE #01942970
Source: Progressiverep
Added: Sep 24 Last Checked: Sep 24 at 2:28PM

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 Progressive Real Estate Partners

Investment Insights

Based on property information with market context.

This flex property includes 43,088 square feet available for lease, representing 48% vacancy. Suite sizes average under 1,000 square feet, and the building combines flex space with a separately parceled 1.55-acre site zoned for heavy manufacturing. Recent improvements include reflective roof coatings on four flat roofs; the other six roofs are steel.

The property is located in Hemet, California. Its flex configuration accommodates a range of business uses, including manufacturing, warehousing, office, retail, automotive, and service operations.

Key Highlights

  • 43,088 square feet available for lease; the property is 48% vacant
  • Separately parceled 1.55‑acre site zoned for heavy manufacturing
  • Average suite size is under 1,000 square feet

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Spa & Massage Center Big Box & Wholesale Store

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

Lease Details

52%
Occupancy

Location Intelligence

Trade Area within ½ mile

434
Businesses Nearby
Under-served
Demand for This Use

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

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
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Similar Off Market Nearby

  • Thomas Catering — 2593 S San Jacinto Ave, San Jacinto, CA 92583

Frequently Asked Questions

What type of property is this?
Flex space - The property is 48% vacant, with 43,088 square feet available for lease.
Where is this flex space located?
The property is located at 980-1000 N State Street Hemet, CA.
What is the asking price?
The asking price for this property is $5,410,000.
What are key features of this property?
This property features: 43,088 square feet available for lease; the property is 48% vacant; Separately parceled 1.55‑acre site zoned for heavy manufacturing; Average suite size is under 1,000 square feet
More about this property
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