Financial
Distress signals
Property profile

1340 W Florida Ave Hemet, CA 92543

FOR LEASE
Retail space
Property ID
US10-1763859
1,233 SF 0.2 ac lot Built 1964
Last sale Oct 2022 · $415,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a freestanding mixed-use site comprising a vacant approximately 1,585-square-foot commercial building on a 0.20-acre parcel. The interior is arranged as a sales office and receives natural light, and the building includes pylon signage. On-site parking is available, along with a private rear yard. A roof replacement has been completed, and the air-conditioning system has been serviced. The site fronts Florida Avenue (CA-74) in Hemet, California, and is described as having

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$423k
Assessed land$82k
Assessed improvement$341k
Effective rate1.17%

Value estimate

· Sep 2026
$445k
$401k – $490k
AI approach$385k
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$1k
Operating expenses−$8k
NOI · 955,351.35% cap applied$18k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$169/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$85 – $306
Qualifying comparables9

Cap rate analysis

How does the asset earn?
955,351.35%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.0
Gym & Fitness11.2
Skin Care Clinic10.0

Location

1340 W Florida Ave Hemet, CA 92543
County assessor Recorded deeds · 5 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
102 Mayberry, Hemet, CA 92543-6021 $375,000 Oct 2024 796 SF
991 State, Hemet, CA 92543-7182 $1,300,000 Nov 2023 775 SF
158 Harvard, Hemet, CA 92543-4234 $250,000 Nov 2023 1,475 SF
45615 Hwy 79, Hemet, CA 92543 $550,000 Oct 2023 1,900 SF
1003 Devonshire, Hemet, CA 92543-3054 $1,500,000 May 2023 2,284 SF
218 Gilbert, Hemet, CA 92543-4049 $259,000 Nov 2022 1,014 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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