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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

4602 Florida Ave Hemet, CA 92545

0.39 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.39-acre retail pad in Hemet, California, presents a remarkable opportunity. Located at 4602 W Florida Ave (APN 448-140-035), this single-tenancy property boasts approved plans for a freestanding building or drive-thru restaurant, up to approximately 3,500 square feet. The site benefits from its strategic position within a Winco-anchored regional shopping center, directly across from a future 500,000+ square foot power center, and adjacent to the planned 208-acre Ramona Creek Master Planned Community. This high-traffic location ensures significant customer exposure and growth potential. Further enhancing its appeal are two signalized entrances providing convenient access and the proximity of a planned TownePlace Suites by Marriott hotel. The seller is open to build-to-suit options, making this an ideal location for a variety of retail concepts. This property is situated in Riverside County, California, and offers a unique chance to establish a thriving business in a rapidly developing area. The zip code is 92545.

Property profile
Verified
Property type Retail properties & Spaces
Lot 0.39 ac (16,988 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Leonardi's Pizza Restaurant
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Western Union Bank Credit Union
  • WinCo Foods Specialty Food Shop Supermarket
  • Coinstar Kiosk - Bitcoin ATM Atm Kiosk
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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