Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1305 Florida Ave Hemet, CA 92543-3911

    • Specialty properties
    • 11,430 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2476188
    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.

    Current Use by Public Records

    • Hemet Elks Lodge #1740 / Fraternal Organization
    • Elk's Dining Room / Restaurant

    Property Details for 1305 Florida Ave

    Year built
    1947
    Construction
    TILT-UP CONCRETE
    Lot size
    1.17 lot acres
    Property size
    11,430 SF
    Zone code
    C1
    Property type
    Specialty properties
    APN
    442-110-011
    APU
    442110011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.985
    Latitude
    33.7468
    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
    $7,258
    $155,081
    $427,176
    $582,257
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      140 Harvard St

      Specialty properties
      140 Harvard St, Hemet, CA 92543
      View Details
    • Value Estimation by Request
      11,044 SF

      1105 State St

      Office space • 11,044 SF
      1105 State St, Hemet, CA 92543
      View Details
    • Value Estimation by Request
      1,654 SF

      1221 Acacia Ave

      VETERINARY, ANIMAL HOSPITAL • 1,654 SF
      1221 Acacia Ave, Hemet, CA 92543-3956
      View Details
    • Value Estimation by Request
      48,786 SF

      140 Franklin St

      Churches & religious facilities • 48,786 SF
      140 Franklin St, Hemet, CA 92543
      View Details
    • Value Estimation
      $1,210,000
      7,491 SF

      1501 Florida Ave

      CREMATORIUM, MORTUARY • 7,491 SF
      1501 Florida Ave, Hemet, CA 92543-3813
      View Details
    • Value Estimation by Request
      1,704 SF

      1110 Buena Vis St

      VETERINARY, ANIMAL HOSPITAL • 1,704 SF
      1110 Buena Vis St, Hemet, CA 92543-1404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,337 SF

      Hemet Land Opportunity

      Land available in Hemet, California, with historical significance.
      501-573 North San Jacinto St, Hemet, CA 92543
      View Details
    • $107,000

      Hemet Specialty Property for Sale

      Specialty property available for purchase in Hemet, California.
      530 W Devonshire 72, Hemet, CA 92543
      View Details
    • $2,550,000
      48,786 SF

      Hemet Church - Prime Location

      Large Religious Facility with Residences
      140 Franklin St, Hemet, CA 92543
      View Details
    • $2,500,000

      Hemet Church and Housing Opportunity

      5.49 acres with facilities, potential for affordable housing development.
      600 East Mayberry Ave, Hemet, CA 92543
      View Details
    • Contact for pricing
      6,000 SF

      Hemet Mixed-Use Commercial Property

      High-traffic location, versatile space, great potential.
      135 Ave, Hemet, CA 92543
      View Details
    • Contact for pricing
      129 SF

      San Jacinto Street Retail Opportunity

      Retail properties available for sale on San Jacinto Street.
      501-573 North San Jacinto St, Hemet, CA 92543
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      17,000 SF

      Hemet CA: Land & Buildings Lease

      17,000 sq ft, high-visibility Hemet property.
      1031 Florida Ave, Hemet, CA 92543
      View Details
    • Contact for pricing
      100 SF

      Hemet Executive Office Suites

      Prime Hemet office space available.
      1211 Acacia Ave, Hemet, CA 92543
      View Details
    • Contact for pricing

      Industrial Property in Hemet, CA

      Industrial property in Hemet, CA, currently 100% leased.
      201-211 N State St, Hemet, CA 92543
      View Details
    • $8,000 /Mo

      Office Building with Security Features

      7,228 SF office building with parking and security fence.
      380 N San Jacinto St, Hemet, CA 92543
      View Details
    • $1.00 SF/Yr
      12,486 SF

      Hemet Office and Retail Spaces

      Multiple office and retail spaces available for lease in Hemet.
      1000 N State St, Hemet, CA 92543
      View Details
    • $8,000 /Mo

      Secured Hemet Office Building For Rent

      7,228 SF office building with security fence and parking.
      380 N San Jacinto St, Hemet, CA 92543
      View Details
    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.
    1305 Florida Ave
    Hemet, CA 92543-3911
    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.