Property profile

1995 E Florida Ave Hemet, CA 92544

FOR LEASE
Banks
Property ID
US09-0751216
3,660 SF 0.45 ac lot Built 1986
Individually Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a freestanding, former bank building of approximately 3,775 square feet located on the southwest corner of E. Florida Avenue and Yale Street at a signalized intersection. It provides visibility from the adjoining roadway and is situated in a retail-oriented area with a daytime population of 20,006 and an overall population of 114,754 within a 3-mile radius, along with an average household income exceeding $79,576. The site is in proximity to multiple national and neighborhood retail and service tenants, and the building was configured for bank use and could support various owner-occupant or leasing scenarios, subject to applicable land-use and leasing requirements.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1986
Construction WOOD
Total area 3,660 SF
Lot 0.45 ac (19,602 SF)
Zoning code C1
APN 445-280-038
UPID US09-0751216

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1995 E Florida Ave Hemet, CA 92544
Hemet metro Census 43308 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2018
7 recorded transactions
2018
Price N/A
2018
Price N/A
2016
Price N/A
2015
Price N/A
2015
$5.6M
2005
Price N/A
1999
$228,000

Zoning & alternative use

C1 · Hemet, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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