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Property profile & analytics
FOR SALE
Commercial real estate

1890 South State St Hemet, CA 92543

23.97 ac lot
Property ID
US09-1005832
Property summary
AI-generated overview

This exceptional 23.97-acre property in Hemet, California, presents a remarkable investment opportunity. Located at 1890 S State St, 92543, this land boasts breathtaking views of Diamond Valley and South Hemet. The property includes three parcels (APN# 451-150-008, 451-150-034, and 451-150-027), totaling approximately 24 acres and zoned A1-5. Currently featuring two existing structures – a two-bedroom, one-bathroom manufactured home and a barn with a livable area – the land offers numerous potential building sites. All utilities are readily available on the property. Its prime location, directly across from McSweeney Elementary School, makes it highly suitable for subdivision or even a potential school site. This property is situated in a rapidly developing area, presenting significant upside potential. The original list price was $2,500,000, and the current asking price is $2,100,000. The assessor's records indicate a lot size of 1,044,133 square feet, resulting in a price per square foot of approximately $2. The seller is motivated, making this an attractive opportunity for discerning investors. Don't miss this chance to acquire this exceptional piece of land with immense potential.

Property profile
Verified
Property type Commercial real estate
Lot 23.97 ac (1,044,133 SF)
APN 451-150-008 / 451-150-034 / 451-150-027
UPID US09-1005832
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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