Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1200 W Florida Ave Hemet, CA 92543
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 W Florida Ave Hemet, CA 92543

    View on Map
    • Automotive properties
    • 3,430 SF
    • 2.62 lot acres
    For Lease
    $590,000
    View Listing →
    Prime Retail Space on Florida For Lease
    $590,000

    Prime Retail Space on Florida

    Central Hemet location with high visibility and attractive lease rates.

    1200 W Florida Ave, Hemet, CA 92543
    View Listing
    Property ID
    US09-3058862
    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.
    Value Estimations
    $590,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Extreme Performance & Auto Rpr / Auto Repair Shop
    • Meños Burgers / Restaurant
    • RestorFX Hemet Valley / Auto Repair Shop
    • American Motorcycle Mechanics / Auto Repair Shop / Motorcycle Shop
    • Solo motos motorcycle shop / Motorcycle Shop

    Property Details for 1200 W Florida Ave

    Year built
    1986
    Construction
    WOOD
    Lot size
    2.62 lot acres
    Property size
    3,430 SF
    Property type
    Automotive properties
    APN
    442-073-022
    APU
    442073022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $691,000
      Market price range: $286k - $692k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.984
    Latitude
    33.7481
    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
    $40,348
    $1,216,148
    $2,298,199
    $3,514,347
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      950 SF

      230 Florida Ave

      VEHICLE SALES, RENTALS • 950 SF
      230 Florida Ave, Hemet, CA 92543-4110
      View Details
    • Value Estimation
      $1,905,000
      7,370 SF

      1000 Florida Ave

      VEHICLE SALES, RENTALS • 7,370 SF
      1000 Florida Ave, Hemet, CA 92543-4622
      View Details
    • Value Estimation by Request
      3.14 Acres

      1501 Acacia Ave Ste, Unit 105

      VEHICLE SALES, RENTALS • 3.14 Acres
      1501 Acacia Ave Ste, Hemet, CA 92543-3807
      View Details
    • Value Estimation by Request
      2.62 Acres

      1200 Florida Ave Ste Y

      VEHICLE SALES, RENTALS • 2.62 Acres
      1200 Florida Ave Ste Y, Hemet, CA 92543-3979
      View Details
    • Value Estimation by Request
      0.31 Acres

      1114 Florida Ave

      VEHICLE SALES, RENTALS • 0.31 Acres
      1114 Florida Ave, Hemet, CA 92543
      View Details
    • Value Estimation by Request
      1,320 SF

      1475 State St

      VEHICLE SALES, RENTALS • 1,320 SF
      1475 State St, Hemet, CA 92543-1887
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Multi-Tenant Retail Strip Center

      Well-located retail strip center with value-add potential in Hemet, CA.
      1235 E Florida Ave, Hemet, CA 92543
      View Details
    • $1,500,000
      3,219 SF

      Hemet Retail Opportunity on Corner

      3,219 SF retail building on a signalized corner.
      103 E Stetson Ave, Hemet, CA 92543
      View Details
    • Contact for pricing
      5,477 SF

      Hemet Retail/Office/Medical Building

      Freestanding building suitable for retail, office, or medical use.
      535-537 N San Jacinto St, Hemet, CA 92543
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hemet Automotive/Industrial Flex Space

      Flexible automotive and industrial spaces with roll-up doors for rent.
      980 N State St, Hemet, CA 92543
      View Details
    • Contact for pricing

      Hemet Automotive/Industrial Space Available

      Automotive and industrial spaces for rent with roll-up doors.
      1000 N State St, Hemet, CA 92543
      View Details
    • Contact for pricing

      Retail Space in Hemet Center

      Retail space available in shopping center anchored by Stater Bros.
      43430 E Florida Ave, Hemet, CA 92543
      View Details
    • Contact for pricing

      Prime Land Parcel For Lease

      17,000 sq ft land parcel with income potential.
      1031 W Florida Ave, Hemet, CA 92543
      View Details
    • Contact for pricing

      Prime Hemet Shopping Center Space

      High-traffic shopping center with diverse businesses and leasing opportunities.
      1109-1287 S State St, Hemet, CA 92543
      View Details
    • Contact for pricing
      7,199 SF

      Retail Space on San Jacinto

      Retail space available for lease on San Jacinto Street.
      561-571 S San Jacinto St, Hemet, CA 92543
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 W Florida Ave
    Hemet, CA 92543
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!