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Property profile & analytics
FOR SALE
Banks
1687 E Florida Ave, Hemet, CA 92544
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0096903
For Sale
$2,750,000
1687 E Florida Ave, Hemet, CA 92544
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1981
Construction
TILT-UP CONCRETE
Total area
16,900 SF
Lot
1.71 ac (74,487 SF)
Zoning code
C1
APN
445-270-057
UPID
US09-0096903
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
-
Bank of America (with Drive-thru ATM) Bank Loan Service
-
Bank of America ATM (Drive-thru) Atm Financial Consultant
-
Tiffinybeautie llc Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$995k
Owner & transaction history
Department Of Transportation · 4 yrs held
Department Of Transportation
since 2021
7 recorded transactions
Zoning & alternative use
C1 · 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
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$59 / 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
$27,352
Tax year 2024
Assessed value
$2,384,477
Assessed 2024
Previous assessed
$2,384,477
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$848,408
Assessed improvement
$1,536,069
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
16,900 SF
Lot
1.71 ac (74,487 SF)
Zoning code
C1
APN
445-270-057
UPID
US09-0096903
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.
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Free & Clear · 4 yrs held
Mailing address
610 N SANTA ANITA AVE, ARCADIA, CA 91006-2722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Sep 4, 2025
—
Pi Properties No 140 LLC
—
Deed
related
$1,230,000 · Bay Commercial Bank
Jul 27, 2021
—
Department Of Transportation
Pi Properties No 140 LLC
Grant Deed
—
Nov 27, 2019
—
Pi Properties 140 LLC
—
Grant Deed
related
$9,000,000 · Morgan Stanley Pvt Bk NA
Jan 24, 2017
—
Pi Properties 140 LLC
—
Grant Deed
related
$15,000,000 · Morgan Stanley Pvt Bk NA
Jul 5, 2016
$1,272,000
Pi Properties No 140 LLC
First States Investors 5200 Ll
Grant Deed
—
Apr 11, 2005
—
First States Invtrs 5200 LLC
—
Deed Of Trust
related
$304,000,000 · German American Capital Corp
Oct 28, 2004
$831,500
First Estates Invtrs 5200 LLC
Bank Of America NA
Grant Deed
related
—
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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