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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Office buildings
1275 Latham Ave Ste A Hemet, CA 92543-4424
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2828172
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
WOOD
Total area
6,657 SF
Lot
0.56 ac (24,393 SF)
Zoning code
C1
APN
445-253-019
UPID
US09-2828172
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
-
Hemet Heart Medical Center Medical Clinic
-
Hemet Heart Medical Center: Bolotaulo Claire A MD Physician
-
Dhanani Yurzul MD Physician
-
Boldy Michael MD Physician
-
Dr. Gregory Riva Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$995k
Owner & transaction history
Hemet Temecula LLC · 3 yrs held
Hemet Temecula LLC
since 2023
7 recorded transactions
Zoning & alternative use
C1 · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.5M
+128.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
INDUSTRIAL (GENERAL)
$1,485,000
Change: +128% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$149 / SF
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
$17,853
Tax year 2024
Assessed value
$1,574,254
Assessed 2024
Previous assessed
$1,574,254
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$557,441
Assessed improvement
$1,016,813
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,657 SF
Lot
0.56 ac (24,393 SF)
Zoning code
C1
APN
445-253-019
UPID
US09-2828172
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Hemet, CA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$650,000
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Hemet Temecula LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1275 E LATHAM AVE STE A, HEMET, CA 92543-4424
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
—
Hemet Temecula LLC
Anil K Rastogi
Quit Claim Deed
related
—
Jun 10, 2019
—
State Of Ca
Rastogi A & A Living Trust
Grant Deed
—
Nov 1, 1991
$385,000
Rastogi Trust
Davis,benjamin F
Grant Deed
—
Feb 15, 1991
$1,000
Blue Chip Financ
Davis Donald G
Quit Claim Deed
related
—
Oct 1, 1989
$1,000
Donald G Davis
Davis Benjamin F
Quit Claim Deed
related
—
Sep 1, 1989
—
John D Motte
David Donald G
Quit Claim Deed
related
$250,000 · Cal Western Bank
Aug 1, 1989
$1,000
Txv Industries
Davis Donald G
Quit Claim Deed
related
—
—
—
Anil Rastogi
—
Deed Of Trust
related
$577,000 · Bank Of Hemet
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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