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Property profile & analytics
OFF-MARKET
Estimated value
$4,625,000
Retail properties & Spaces
2200 Florida Ave Hemet, CA 92545-3666
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2902730
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
50,000 SF
Lot
1.15 ac (50,093 SF)
Zoning code
C1
APN
448-420-005
UPID
US09-2902730
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
-
All star Renovation Hemet Construction Company
-
Samurai Sushi and Grill Restaurant
-
Hobby Lobby (Bike/Boat/Book/etc) Store
-
FedEx Drop Box Shipping Company Freight Service
-
Daniel's Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.95M
Blend (final)
Blend
$4.63M
Owner & transaction history
Mcs Hemet Valley Center LLC · 22 yrs held
Mcs Hemet Valley Center LLC
since 2003
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.63M
Range $4.16M – $5.09M · ±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
$93 / 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
$35,267
Tax year 2024
Assessed value
$3,054,799
Assessed 2024
Previous assessed
$3,054,799
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$349,119
Assessed improvement
$2,705,680
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
50,000 SF
Lot
1.15 ac (50,093 SF)
Zoning code
C1
APN
448-420-005
UPID
US09-2902730
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.
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Mcs Hemet Valley Center LLC
Entity
Mailing address
990 HIGHLAND DR STE #200, SOLANA BEACH, CA 92075-2427
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2011
—
Mcs Hemet Valley Center LLC
—
Deed Of Trust
related
$14,378,200 · Citibank NA
Sep 20, 2010
—
Mcs Hemet Valley Center LLC
—
Deed Of Trust
related
$14,378,200 · Citibank NA
Sep 18, 2003
—
Mcs Hemet Valley Center LLC
Donahue Schriber Realty Group
Grant Deed
$17,250,000 · Citicorp USA Corp
May 1, 1998
—
Donahue Schriber Realty Group
—
Deed Of Trust
related
—
Jan 28, 1997
—
Donahue Schriber Rlty Group LP
Hemet Valley Mall Assoc
Grant Deed
related
—
Dec 31, 1996
—
Hemet Valley Mall Associates
—
Deed Of Trust
related
$7,600,000 · Bank Of America
—
—
Mcs Hemet Valley Center LLC
—
Loan Modification
related
$16,500,000 · Western Alliance Bk
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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