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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Retail space
134 Harvard St Hemet, CA 92543-4234
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3089704
Property summary
AI-generated overview
This thriving Hemet business opportunity presents a unique chance to acquire a well-established bar and grill with a rich 40-year history in the heart of historic downtown. The free-standing building boasts both indoor and outdoor seating, complemented by a complete outdoor BBQ pit, perfectly suited to the restaurant's BBQ specialty. The sale includes a full bar and all necessary liquor licenses, eliminating significant hurdles for a prospective owner. The restaurant enjoys a loyal customer base, built over four decades, and benefits from a lively atmosphere enhanced by regular live music performances. The property itself sits on a 0.16-acre lot, providing ample space for operations and potential expansion. Note that this sale is for the business only
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1928
Construction
WOOD
Total area
8,400 SF
Lot
0.16 ac (6,969 SF)
Zoning code
C2
APN
443-282-011
UPID
US09-3089704
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
-
Harvard Street Music Exchange (Bike/Boat/Book/etc) Store
-
Harvard Street Recording Studios Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$488k
Blend (final)
Blend
$500k
Owner & transaction history
Open Sesame Investments INC · 1 yrs held
Open Sesame Investments INC
since 2024
Last sale
$501,000
5 recorded transactions
Zoning & alternative use
C2 · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$500,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $501k (Oct 30 2024)
Last sale anchor
$501k
Oct 30 2024
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
$60 / 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
$4,943
Tax year 2024
Assessed value
$431,315
Assessed 2024
Previous assessed
$431,315
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$63,703
Assessed improvement
$367,612
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
1928
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
8,400 SF
Lot
0.16 ac (6,969 SF)
Zoning code
C2
APN
443-282-011
UPID
US09-3089704
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Hemet, CA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1928
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Open Sesame Investments INC
Entity
Mailing address
152 S HARVARD ST, HEMET, CA 92543-4234
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
—
Open Sesame Investments INC
—
Deed
related
$600,000 · Ttcd Investments LLC
Oct 30, 2024
$501,000
Open Sesame Investments INC
Trent Thompson
Grant Deed
—
Nov 4, 2015
$250,000
Trent Thompson
Grand Lodge Of Ca Independent Ord
Grant Deed
$200,000 · Private Individual
—
—
International Order Of Odd Fellow
—
Deed Of Trust
related
$139,927 · Hemet Redevelopment Agency
—
—
Hemet Odd Fellows Lodge 190
—
Deed Of Trust
related
$100,000 · Fontana Odd Fellows Lodge 489
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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