1011 Devonshire Ave, Hemet, CA 92543-2702
This exceptional 3,606 square foot medical office building presents a unique investment opportunity in Riverside County. Situated directly across from Hemet Valley Medical Center, this two-story building enjoys unparalleled visibility and accessibility. The single-tenant occupancy ensures a stable income stream, while the convenient location guarantees high patient traffic. The property features a modern elevator, on-site pharmacy, and ample parking, catering to both patients and staff. The building is meticulously landscaped and well-maintained, reflecting a commitment to quality and professionalism. The lease rate is $1.45 per square foot, representing a strong return on investment. The property's strategic location, coupled with its modern amenities and high-demand medical office space, makes it an ideal acquisition for investors seeking a stable and profitable asset in a thriving healthcare market. The building's size and configuration are well-suited for a variety of medical practices, offering flexibility and adaptability to future needs. The substantial parking lot ensures convenient access for patients and staff, further enhancing the property's appeal. This turnkey operation requires minimal capital expenditure, making it an attractive option for both seasoned investors and newcomers to the commercial real estate market. The property's strong location and current lease agreement provide a solid foundation for long-term growth and profitability.
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Arrowhead Orthopaedics: Frykman G MD Pediatrician
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Arrowhead Orthopaedics: Skubic J MD Physician
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PHILLIP ANDREW SAUNDERS Physician
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Dr. Peter T. Lac Physician
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Dr. Jay S. Agarwal, MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Hemet, CAHemet. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.