4490 Florida Ave Hemet, CA 92544
- Retail space
- 3,343 SF
- 0.21 lot acres
Current Use by Public Records
- Retail space
Property Details for 4490 Florida Ave
- Year built
- 1978
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.21 lot acres
- Property size
- 3,343 SF
- Zone code
- CP
- Property type
- Retail space
- APN
- 551-180-017
- APU
- 551180017
Description
This exceptional Hemet, CA retail property boasts 4,047 square feet on a 0.57-acre lot (APN 551180017, 551180016), situated on a signalized corner with an average daily traffic count of 19,313 vehicles. The single-story, 1978-built building features a 390 sq ft warehouse with a roll-up door, two restrooms, ample office space, a fully equipped kitchen, and a lounge area. The C2 zoning allows for a variety of commercial uses. The property also includes an additional 15,682 sq ft lot with existing water and power, totaling 24,830 sq ft of fully gated land. Fifteen parking spaces are available. This prime location offers excellent visibility and significant potential for expansion or redevelopment, making it an ideal investment opportunity for businesses seeking a substantial presence in a high-traffic area of Hemet, CA (zip code 92544). The property is a single-tenant building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $920,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $900,000
- 6.5%
- $1,000,000
- 7%
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $1,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $925,000
- Retail
- $895,000
- Mixed-Use
- $835,000
- Hospitality
- $865,000
- Educational
- $825,000
- Residential Income
- $1,025,000
- Energy
- $735,000
- Income-Based Land
- $980,000
- Food Service
- $805,000
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.924
- Latitude
- 33.748
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
