Property profile

1550 El Nita Ln Ave Hemet, CA 92544

OFF-MARKET
Land
13,504 SF 0.31 ac lot
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Property summary

AI-generated overview

This 0.31-acre commercial lot in Hemet, CA (APN 445270042), is listed at $85,000 ($274,194/acre). Currently zoned for offices, the property offers significant potential for redevelopment. The site boasts modern infrastructure, including curb, gutter, and readily available sewer, gas, water, and electric utilities. Located at 1550 El Nita Ln Ave, Hemet, CA 92544 (33.746478, -116.95578), its strategic position just south of Florida Ave on El Nita presents a compelling opportunity. While currently zoned for office use, exploring the possibility of single-family residential (SFR) zoning with the city is recommended, given the surrounding area's SFR designation. This property is well-suited for medical/dental facilities or other professional establishments seeking a strategic location. Note that the adjoining parcel (APN 445-270-041) is also available for sale, and the seller prefers to sell both parcels together, potentially at a discounted rate. This presents a unique opportunity for investors or developers seeking a larger footprint in this desirable Hemet location.

Property profile

Verified
Property type Land
Total area 13,504 SF
Lot 0.31 ac (13,504 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1550 El Nita Ln Ave Hemet, CA 92544
Hemet metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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