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    727 Sanderson Ave Hemet, CA 92545
    Property profile & analytics

    727 Sanderson Ave, Hemet, CA 92545

    View on Map
    • Lifestyle centers
    • 128,752 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Optisight Eyewear / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Precision Health and Wellness / Alternative Medicine Practice

    Property Details for 727 Sanderson Ave

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail property, known as Stetson Crossing, presents a significant opportunity for a single tenant seeking a substantial space in the thriving Hemet, California market. Located at 727 S Sanderson Ave, Hemet, CA 92545, this shopping center boasts a total building area of 128,752 square feet, currently entirely vacant and available for lease. The property is classified as both retail and restaurant-suitable, offering immense flexibility for a wide range of businesses. The expansive square footage allows for a large-scale operation or the potential for creative space division. The address provides excellent visibility and accessibility, situated within a dynamic commercial area of Hemet. This single-tenant occupancy presents a unique chance to establish a prominent presence in a growing community. With its substantial size and prime location, Stetson Crossing is an ideal location for businesses seeking significant space and high visibility. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The property is zoned for retail and restaurant uses. The entire 128,752 square feet is available for lease. The property is located in Hemet, California, zip code 92545.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -117.007
    Latitude
    33.7294

    Comparable in this City

    • Value Estimation by Request

      700 Sanderson Ave

      Individual retail properties
      700 Sanderson Ave, Hemet, CA 92545
      View Details
    • Value Estimation by Request
      6.74 Acres

      2725 Florida Ave

      SHOPPING CENTER, STRIP CENTER
      2725 Florida Ave, Hemet, CA 92545-4616
      View Details
    • Value Estimation
      $1,235,000
      13,020 SF

      3333 Florida Ave

      SHOPPING CENTER, STRIP CENTER
      3333 Florida Ave, Hemet, CA 92545-3513
      View Details
    • Value Estimation
      $1,585,000
      15,000 SF

      3629 Florida Ave

      SHOPPING CENTER, STRIP CENTER
      3629 Florida Ave, Hemet, CA 92545-3514
      View Details
    • Value Estimation
      $6,690,000
      5,610 SF

      275 Sanderson Ave

      SHOPPING CENTER, STRIP CENTER
      275 Sanderson Ave, Hemet, CA 92545-3609
      View Details
    • Value Estimation
      $920,000
      9,730 SF

      1727 Florida Ave

      SHOPPING CENTER, STRIP CENTER
      1727 Florida Ave, Hemet, CA 92545-3717
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Land Available for Lease/Sale

      Land available for ground lease, sale, or build-to-suit.
      700 N Sanderson Ave, Hemet, CA 92545
      View Details
    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease.
      Seq Florida Ave/Hwy 74 & Sanderson Ave, Hemet, CA 92545
      View Details
    • $1.39 SF/Yr

      Regional Shopping Center Space Available

      Suites available in a bustling regional shopping center.
      4672 West Florida Ave, Hemet, CA 92545
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      Retail Center Anchored by Target

      Retail spaces for lease in Hemet Valley Center.
      3301 W Florida Ave, Hemet, CA 92545
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      Dominant Shopping Center in Hemet

      Prominent shopping center with high visibility and convenient access.
      2901-3223 West Florida Ave, Hemet, CA 92545
      View Details
    • $50,000

      Retail Pad Site For Lease

      0.40 AC pad site within WinCo Foods anchored center.
      4602 West Florida Ave, Hemet, CA 92545
      View Details
    Request Owner's contact information
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    727 Sanderson Ave
    Hemet, CA 92545
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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