Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    41995 Florida Ave Hemet, CA 92544
    Property profile & analytics

    41995 Florida Ave, Hemet, CA 92544

    View on Map
    • Retail properties & Spaces
    • 4,978 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • Pets Vet Veterinary Clinic / Veterinary Clinic
    • CACBLIC APPRENTICE PROGRAM / High School
    • 7-Eleven / Grocery & Convenience Store
    • Mr Joe's Butchery / Take-out & Catering / Butcher

    Property Details for 41995 Florida Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional Hemet, CA retail property at 41995 E Florida Ave offers two distinct commercial spaces ideal for various businesses. The property is zoned C1 and totals 4,978 square feet, situated in Riverside County. One available space, perfect for a barber shop, measures 1,050 square feet and is offered at a competitive lease rate of $1.25 per square foot, with triple net (NNN) charges of $0.41 per square foot. This space provides ample room for styling stations and customer waiting areas. A second space, suitable for a restaurant, encompasses 1,148 square feet and is available at $1.50 per square foot, also with NNN charges of $0.41 per square foot. Both spaces benefit from high visibility and access to a strong customer base, making this a compelling opportunity for businesses seeking a thriving location in Hemet. The property's multiple tenancy allows for a diverse range of businesses to coexist, creating a vibrant commercial environment. This is a fantastic chance to establish or expand your business in a prime retail location. Contact us today to learn more about this exceptional opportunity.

    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
    -116.928
    Latitude
    33.7473

    Comparable in this City

    • Value Estimation by Request
      1.25 Acres

      43041 State Hwy 74

      STORE, RETAIL OUTLET
      43041 State Hwy 74, Hemet, CA 92544-5149
      View Details
    • Value Estimation by Request
      1.37 Acres

      1799 Florida Ave

      STORE, RETAIL OUTLET
      1799 Florida Ave, Hemet, CA 92544-4632
      View Details
    • Value Estimation by Request
      1.25 Acres

      43041 State Hwy 74

      STORE, RETAIL OUTLET
      43041 State Hwy 74, Hemet, CA 92544-5149
      View Details
    • Value Estimation by Request
      14,820 SF

      43200 Ca-74

      Individual retail properties
      43200 Ca-74, Hemet, CA 92544
      View Details
    • Value Estimation
      $970,000
      5,220 SF

      41995 State Hwy 74

      RETAIL STORES (PERSONAL SERVICES)
      41995 State Hwy 74, Hemet, CA 92544-5018
      View Details
    • Value Estimation
      $2,770,000
      16,000 SF

      1950 Florida Ave

      RETAIL STORES (PERSONAL SERVICES)
      1950 Florida Ave, Hemet, CA 92544-4779
      View Details

    Similar Nearby for Sale

    • $5,573,333
      14,820 SF

      Hemet Walgreens Investment Opportunity

      High-yield Walgreens in prime Hemet location.
      43200 State Highway 74, Hemet, CA 92544
      View Details
    • $499,900

      Corner Commercial Property For Sale

      High-visibility corner lot with flexible use potential in Hemet.
      41267 E Florida Ave, Hemet, CA 92544
      View Details
    • Contact for pricing

      Hemet Retail Pad Opportunity

      ±0.45 acre pad site near Highway 74 in Hemet, CA.
      2080 E Florida Ave, Hemet, CA 92544
      View Details
    • Contact for pricing
      17,340 SF

      Former Rite Aid Value-Add Opportunity

      Former Rite Aid building available for sale or lease.
      42021 E Florida Ave, Hemet, CA 92544
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,770 SF

      Retail/Office Space For Lease

      Retail/office space available for lease in Hemet, California.
      2115-2235 E Florida Ave, Hemet, CA 92544
      View Details
    • Contact for pricing

      Freestanding Building on Signalized Intersection

      Former bank building or ground lease opportunity in Hemet, CA.
      1995 E Florida Ave, Hemet, CA 92544
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    41995 Florida Ave
    Hemet, CA 92544
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    41995 Florida Ave, Hemet, CA, 92544
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!