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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Manufacturing properties
1449 Mesa Vw St Hemet, CA 92543-1538
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1934872
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Total area
8,000 SF
Lot
0.53 ac (23,086 SF)
Zoning code
MM
APN
439-021-004
UPID
US09-1934872
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$992k
Blend (final)
Blend
$1.03M
Owner & transaction history
Credo LLC · 4 yrs held
Credo LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
MM · 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
$995,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$940,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,575,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.04M (Apr 4 2022)
Last sale anchor
$1.04M
Apr 4 2022
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
$128 / 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
$12,492
Tax year 2024
Assessed value
$1,082,016
Assessed 2024
Previous assessed
$1,082,016
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$457,776
Assessed improvement
$624,240
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,000 SF
Lot
0.53 ac (23,086 SF)
Zoning code
MM
APN
439-021-004
UPID
US09-1934872
Jurisdiction
RIVERSIDE
Zoning & alternative use
MM · Hemet, CA
Zoning MM · permitted uses
MM · 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
MEDICAL BUILDING
Est. value
$1.6M
MEDICAL BUILDING
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
1968
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Credo LLC
Entity
Mailing address
1449 MESA VW ST, HEMET, CA 92543-1538
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2022
$1,040,000
Credo LLC
1449 Mesa View LLC
Grant Deed
—
May 24, 2021
—
1449 Mesa View LLC
Carnation Enterprises LLC
Grant Deed
—
Feb 10, 2017
$375,000
Carnation Ents LLC
Hemet Smith First Mtg Invs LP
Grant Deed
—
Oct 24, 2016
$260,000
Hemet Smith First Mortgage Inv
Chicago Title Co|smith,kendall
Trustees Deed
related
—
Apr 9, 2012
—
Smith 1990 Family Trust
Smith,kendall
Quit Claim Deed
related
—
Nov 21, 1997
$201,500
Smith,kendall
Davis,robert A & Donna L
Trustees Deed
$181,000 · Valley Merchants Bank
Nov 21, 1997
—
Smith,kendall
Smith,wanda J Etal
Quit Claim Deed
related
—
Sep 1, 1989
$178,000
Davis Robert A
Comerica Bank De
Grant Deed
$118,000 · Comerica Bank
—
—
Davis,robert A &
—
Deed Of Trust
related
$130,000 · Valley Merchants Bank
—
—
Smith,kendall
—
Deed Of Trust
related
$170,000 · Individual
—
—
Smith,kendall
—
Deed Of Trust
related
$350,000 · Betty Brown
—
—
Kendall Smith
—
Deed Of Trust
related
$136,000 · Smith Family 1990 Trust (pt)
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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