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Property profile

1931 E Florida Ave Hemet, CA 92544

FOR LEASE
Retail space
Property ID
US09-2924033
0.48 ac lot
Last sale Dec 2011 · $1,425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$227k
Assessed land$202k
Assessed improvement$25k
Effective rate1.23%

Value estimate

· Oct 2026
$1.51M
$1.35M – $1.66M
AI approach$1.49M
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 514.59% cap applied$12k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$198/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$99 – $311

Cap rate analysis

How does the asset earn?
514.59%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency52.6
Building Supply45.4
Law Firm40.5

Location

1931 E Florida Ave Hemet, CA 92544
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1772 Florida, Hemet, CA 92545-3718 $1,420,000 Feb 2026 11,600 SF
2048 Florida, Hemet, CA 92545-3756 $2,360,000 May 2025 17,201 SF
260 Sanderson, Hemet, CA 92545-3614 $3,300,000 Nov 2024 16,680 SF
400 Carriage, Hemet, CA 92545-9612 $10,100,000 Nov 2024 26,035 SF
350 Carriage, Hemet, CA 92545-9618 $14,500,000 May 2024 43,130 SF
32497 State Hwy 74, Hemet, CA 92545-9637 $500,000 Feb 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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