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Property profile & analytics
OFF-MARKET
Turn key restaurants
1032 Florida Ave Hemet, CA 92543-3950
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2089192
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1971
Construction
TILT-UP CONCRETE
Total area
4,640 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C2
APN
442-083-023
UPID
US10-2089192
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Casa Jimenez Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Department Of Transportation · 5 yrs held
Department Of Transportation
since 2021
7 recorded transactions
Zoning & alternative use
C2 · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,465
Tax year 2024
Assessed value
$567,950
Assessed 2024
Previous assessed
$567,950
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$272,497
Assessed improvement
$295,453
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,640 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C2
APN
442-083-023
UPID
US10-2089192
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Hemet, CA
Zoning C2 · permitted uses
C2 · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Mailing address
13355 VIA VENADO ST, BALDWIN PARK, CA 91706-4725
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
Department Of Transportation
Jorge H Jimenez
Grant Deed
—
Mar 12, 2015
$425,000
Jimenez Jorge H Rocio|jimenez Felipe
Jimenez Jesus
Grant Deed
related
—
Mar 30, 2001
$400,000
Jesus Jimenez
Business Bank Of California
Grant Deed
$304,111 · Business Bank Of California
Oct 13, 1998
$450,000
Enique Ricalde
Us Small Business Admn
Grant Deed
$360,000 · Valley Merchants Bank
Jun 22, 1994
—
Roscoe L Etal Despain
Despain,roscoe L
Quit Claim Deed
related
—
Mar 9, 1994
—
Roscoe L Despain
Despain,roscoe L
Quit Claim Deed
related
—
Sep 1, 1990
$600,000
Roscoe L Despain
Frick Karl
Grant Deed
$450,000 · Seller
Apr 1, 1990
—
Judy Wilder
Chaffee Edward
Quit Claim Deed
related
—
Apr 1, 1990
$450,000
Frick Karl
Wilder Judy L
Trustees Deed
—
—
—
Roscoe L De Spain
—
Deed Of Trust
related
$410,000 · Valley Merchants Bank
—
—
Jesus Jimenez
—
Deed Of Trust
related
$375,000 · Comerica Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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