Property profile

1481 Mesa Vw St Hemet, CA 92543

OFF-MARKET
Manufacturing properties
Property ID
US09-0057404
1,800 SF 0.59 ac lot Built 1964
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,000-square-foot manufacturing facility in Riverside County is available for immediate lease. Situated on a spacious 21,000-square-foot lot, the property boasts a fully fenced and secured yard, providing ample space for operations and storage. The building features four drive-in loading doors, facilitating efficient loading and unloading of materials. Inside, you'll find approximately 650 square feet of office space, two restrooms, and a bonus mezzanine level for additional storage. The property is equipped with 300 amps of power (served by two electrical meters), ensuring sufficient capacity for industrial operations. The concrete-paved yard and private offices add to the functionality and convenience of this property. The building has undergone renovations and is ready for immediate occupancy. The property is zoned for heavy industrial use and benefits from a high-capacity crane, ideal for handling heavy equipment and materials. This is a gross lease. This turnkey solution is perfect for a business seeking a well-maintained, secure, and functional space to expand its operations. The property's location in Riverside County offers excellent access to transportation routes and a skilled workforce.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1964
Total area 1,800 SF
Lot 0.59 ac (25,700 SF)
APN 439-021-002
UPID US09-0057404

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

1481 Mesa Vw St Hemet, CA 92543-1538
Hemet metro Census 43521 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$588k
Blend (final) Blend
$550k

Owner & transaction history

since 2022
Last sale
$575,000
5 recorded transactions
2022
$575,000
2022
Price N/A
2006
Price N/A
2004
$300,000
1998
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $775,000 +93.6%
Warehouse, storage $530,000 +32.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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