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Property profile & analytics
OFF-MARKET
Estimated value
$2,360,000
Gas stations
1701 Florida Ave Hemet, CA 92545-3717
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2034693
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1962
Construction
TILT-UP CONCRETE
Total area
2,434 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C1
APN
448-460-005
UPID
US09-2034693
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
-
Raja Manikanada MD Physician
-
Dr. Natasha Alexander Physician
-
Urgent Care Medical Clinic
-
Urgent Care M.Raja, M.D. Medical Clinic
-
NICOLE O'NEIL Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.36M
Owner & transaction history
Talia Real Estate LLC · 5 yrs held
Talia Real Estate LLC
since 2021
Last sale
$2.2M
6 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
$2,555,000
ML approach
$2,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$2,885,000
Current use
COMMERCIAL (GENERAL)
$2,490,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±10% · vs last sale $2.20M (Mar 24 2021)
Last sale anchor
$2.20M
Mar 24 2021
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
$970 / 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
$26,634
Tax year 2024
Assessed value
$2,334,657
Assessed 2024
Previous assessed
$2,334,657
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$461,625
Assessed improvement
$1,873,032
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,434 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C1
APN
448-460-005
UPID
US09-2034693
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.5M
SERVICE STATION (FULL SERVICE) Current
COMMERCIAL (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
1962
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Talia Real Estate LLC
Entity
Mailing address
11618 ADENMOOR AVE, DOWNEY, CA 90241-5405
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
$2,200,000
Talia Real Estate LLC
Maha Laxmi Gas INC
Grant Deed
$2,050,000 · Commonwealth Business Bank
Mar 12, 2019
$535,000
Maha Laxmi Gas INC
Lordship Foundation INC
Grant Deed
—
Oct 10, 2018
—
Lordship Foundation INC
San Diego Oil Co LLC
Grant Deed
related
—
Aug 9, 1995
—
Sparton Oil Co
—
Deed Of Trust
related
$5,750,000 · Texas Commerce Bank
Jun 28, 1991
—
Spartan Oil Co
—
Trustees Deed
related
—
Aug 1, 1988
—
Spartan Oil Co
—
Deed Of Trust
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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