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Property profile & analytics
OFF-MARKET
Estimated value
$2,240,000
Retail space
1323 Florida Ave Hemet, CA 92543-3911
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3151163
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
TILT-UP CONCRETE
Total area
13,194 SF
Lot
1.06 ac (46,173 SF)
Zoning code
C1
APN
442-110-010
UPID
US09-3151163
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
-
Contractor License School Training Center Vocational School
-
NAPA Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.24M
Owner & transaction history
Almaytim LLC · 5 yrs held
Almaytim LLC
since 2020
7 recorded transactions
Zoning & alternative use
C1 · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.9M
+31.6%
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%
$3,150,000
6.5%
$2,910,000
7%
$2,700,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,235,000
Current use
INDUSTRIAL (GENERAL)
$2,945,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±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
$170 / 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
$20,865
Tax year 2024
Assessed value
$1,819,041
Assessed 2024
Previous assessed
$1,819,041
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$696,948
Assessed improvement
$1,122,093
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
13,194 SF
Lot
1.06 ac (46,173 SF)
Zoning code
C1
APN
442-110-010
UPID
US09-3151163
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
RETAIL STORES Current
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES 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
1998
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Almaytim LLC
Entity
Mailing address
PO BOX 103, BOULDER, WY 82923-0103
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
Almaytim LLC
Almaytim LLC
Intrafamily Transfer
related
$957,000 · The Bank Of Hemet
Apr 1, 2004
—
Almaytim LLC
Domenigoni-barton Properties
Grant Deed
$1,304,900 · Domenigoni-barton Properties
Jan 12, 1998
$275,000
Domenigoni-barton Properties
Moore Trust
Grant Deed
—
Aug 22, 1996
$319,283
Moore Trust
Spalsbury,mia A
Trustees Deed
—
Apr 2, 1993
$350,000
Mia A Spalsbury
Moore Trust
Grant Deed
$275,000 · Moore Trust
—
—
Almaytim LLC
—
Deed Of Trust
related
$1,340,000 · Union Bank Of California
—
—
Almaytim LLC
—
Deed Of Trust
related
$1,087,000 · Bank Of America
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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