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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Auto shops
223 Harvard St Hemet, CA 92543
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2061267
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1963
Construction
TILT-UP CONCRETE
Total area
6,032 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CM
APN
443-201-011
UPID
US10-2061267
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
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$983k
Blend (final)
Blend
$1.14M
Owner & transaction history
Herbert M Cadaoas · 2 yrs held
Herbert M Cadaoas
since 2023
Last sale
$1.1M
4 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
$1,185,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.09M (Aug 30 2023)
Last sale anchor
$1.09M
Aug 30 2023
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
$188 / 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
$12,458
Tax year 2024
Assessed value
$1,090,909
Assessed 2024
Previous assessed
$1,090,909
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$215,000
Assessed improvement
$875,909
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
17
Total area
6,032 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CM
APN
443-201-011
UPID
US10-2061267
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
1963
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
17
Lot
0.45 ac
Current owner
From public records · entity-resolved
Herbert M Cadaoas
Individual
Free & Clear · 2 yrs held
Mailing address
7040 VIA VIS DR, RIVERSIDE, CA 92506-5627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2023
$1,091,000
Herbert M Cadaoas
Tch Investments LLC
Grant Deed
—
Aug 9, 2016
$370,000
Tch Investments LLC
F & P Helmle State St LLC
Grant Deed
$240,000 · United Pacific Bank
Feb 15, 2012
$335,000
F & P Helmle State St LLC
Jordan L E & P R Trust
Grant Deed
$347,000 · Getty Fini H Living Trust (rt)
Oct 6, 1999
—
Levern E Etal Jordan
Jordan,levern E Etal
Quit Claim 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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