Property profile

1031 Florida Ave Hemet, CA 92543

OFF-MARKET
Turn key restaurants
Property ID
US10-2938491
987 SF 0.39 ac lot Built 1953
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 17,000-square-foot property in Hemet, California, presents a unique investment opportunity. Located at 1031 W. Florida Ave., Hemet, CA 92543, this highly visible site boasts a prime location on Florida Avenue, offering excellent exposure from both directions. The property includes two existing small commercial buildings currently generating $3,000 per month in rental income, which will be transferred to the lessee. This income stream provides immediate return on investment. The fenced area abutting Hamilton Avenue is also part of the 17,000 square foot parcel. The property is classified as Industrial, Land, and Special Purpose, with a single tenancy. Lessees have the flexibility to manage the property as they see fit, potentially developing it further or relocating the existing businesses. Modifications to the property are permitted to enhance business operations. A long-term lease is available, starting at a negotiable rate of $0.40 per square foot per month. This versatile property offers significant potential for growth and customization. Contact the property manager for further details.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1953
Construction WOOD
Total area 987 SF
Lot 0.39 ac (16,988 SF)
APN 442-091-010
UPID US10-2938491

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1031 Florida Ave Hemet, CA 92543-3949
Hemet metro Census 43405 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2004
$750,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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