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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Strip malls
199 State St, Hemet, CA 92543-4156
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2618615
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
WOOD
Total area
11,807 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CM
APN
443-224-006
UPID
US10-2618615
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
-
Mother's Nutritional Center Grocery & Convenience Store Food Market
-
Hemet Donuts Bakery Discount Store
-
Big Daddy's Famous East Coast Cheesesteaks Take-out & Catering
-
Model Nails Spa Hair Salon Nail Salon
-
El Basha International Market and Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
R & B Investment INC · 15 yrs held
R & B Investment INC
since 2010
7 recorded transactions
Zoning & alternative use
CM · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,480,000
6.5%
$2,290,000
7%
$2,125,000
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±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
$173 / 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
$10,390
Tax year 2024
Assessed value
$898,066
Assessed 2024
Previous assessed
$898,066
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$359,225
Assessed improvement
$538,841
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
11,807 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CM
APN
443-224-006
UPID
US10-2618615
Jurisdiction
RIVERSIDE
Zoning & alternative use
CM · Hemet, CA
Zoning CM · permitted uses
CM · 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
1991
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
R & B Investment INC
Entity
Free & Clear · 15 yrs held
Mailing address
415 N SANTA FE AVE, VISTA, CA 92084-5404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2010
$715,000
R & B Investment INC
Crp Properties INC
Grant Deed
—
Apr 26, 2010
$565,202
Crp Properties INC
California Reconveyance Co
Trustees Deed
related
—
Jul 15, 2009
—
Su J Kim
Kim,seong T
Quit Claim Deed
related
—
Oct 22, 2008
—
Seong T Kim
Kim,su J
Quit Claim Deed
related
—
Aug 28, 2007
—
Su J Kim
Kim,seong T
Quit Claim Deed
related
—
Aug 28, 2007
$1,950,000
Jeong Kim Su
Rls Investments LLC
Grant Deed
$1,250,000 · Washington Mutual Bank
Apr 20, 2004
—
Rls Investments LLC
Sanchez,tr
Quit Claim Deed
related
—
Jun 25, 2003
—
Sanchez,tr
Sanchez,ray L & Victoria O
Quit Claim Deed
related
—
Jun 16, 2003
—
Firenza,tr
Sanchez,tr
Grant Deed
related
—
Apr 8, 2003
$850,000
Ray L Sanchez
Hub Enterprises
Grant Deed
$550,000 · Community National Bank
Dec 31, 1998
$531,000
Hub Enterprises
Hemet Federal Savings & Loan
Grant Deed
—
Jul 14, 1998
$936,070
Hemet Federal Savings
Lang,roland H & Christel U
Trustees 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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