1101 Florida Ave Hemet, CA 92543-3951
Property profile & analytics
1101 Florida Ave, Hemet, CA 92543-3951
- Bars & Pubs
- 3,804 SF
- 0.32 lot acres
Property ID
US09-3171566
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bars & Pubs
Property Details for 1101 Florida Ave
- Year built
- 1963
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.32 lot acres
- Zone code
- C1
- Property type
- Bars & Pubs
- Property subtype
- Pubs
- APN
- 442-100-010
- APU
- 442100010
Description
This exceptional investment opportunity presents a 13,939 square foot commercial lot in Hemet, California, situated on a high-traffic corner. The property includes a single-story building, constructed in 1963, encompassing 3,804 square feet of net rentable space divided into two units. Currently, 75% of the space is occupied by a bar/restaurant, generating a current NOI of $23,900. The property boasts a pro-forma NOI of $73,776, reflecting significant upside potential by leasing the remaining vacant space at market rates. The sale includes 20 parking spaces. The lot is zoned C1 and offers a land value of $1.75 per square foot. The asking price is $699,900, representing a current cap rate of 3.41% and a pro-forma cap rate of 10.54%. The existing tenant is on a month-to-month lease, and the property is being sold as-is. The buyer assumes responsibility for the existing tenant; please do not disturb the tenant. This is a rare opportunity to acquire a well-located commercial property with substantial income potential in a thriving market. The property's address is 1101 W Florida Ave, Hemet, CA 92543. The APN is 442-100-010.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.983
- Latitude
- 33.7471
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,205
$155,468
$380,631
$536,099
-
$0.00
$0.00
$0.00
