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Property profile & analytics
OFF-MARKET
Hotels
23481 Old Banning Idyll Rd Hemet, CA 92543
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0729539
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1960
Construction
WOOD
Total area
1,628 SF
Lot
0.52 ac (22,651 SF)
Zoning code
R3A
APN
559-164-002
UPID
US09-0729539
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Foxy Flats LLC · 3 yrs held
Foxy Flats LLC
since 2023
Last sale
$10,000
7 recorded transactions
Zoning & alternative use
R3A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$115
Tax year 2024
Assessed value
$10,200
Assessed 2024
Previous assessed
$10,200
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$10,200
Applied tax rate
71.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
2
Total area
1,628 SF
Lot
0.52 ac (22,651 SF)
Zoning code
R3A
APN
559-164-002
UPID
US09-0729539
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3A · Hemet, CA
Zoning R3A · permitted uses
R3A · 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
1960
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Foxy Flats LLC
Entity
Mailing address
1158 N SERRANO AVE, LOS ANGELES, CA 90029-1058
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
$10,000
Foxy Flats LLC
Tina Fasbender
Grant Deed
$1,605,000 · Us Metro Bank
Jun 22, 2022
—
Tina Fasbender
Morgan Night
Intrafamily Transfer
related
—
Jun 15, 2018
$156,000
Morgan Night
Tamara Jahelka
Grant Deed
$116,850 · Fairway Independent Mortgage Corp
Nov 12, 2004
$500,000
Tamara Jahelka
Blank,lawrence & Lydia
Grant Deed
$500,000 · Gateway Business Bank
Sep 6, 2002
$582,500
Lawrence Blank
Long,tr
Grant Deed
$350,000 · Humboldt Bank
Oct 20, 1999
$475,000
Jerry G Long
Bollmann,robert B & Michelle S
Grant Deed
$292,994 · Southwest Baptist Conference
Dec 8, 1994
$167,782
Robert B Bollman
Gabriel,lisa J
Trustees Deed
—
Nov 2, 1992
$146,000
Lisa J Gabriel
Bourquin,roberta
Grant Deed
$136,938 · Seller
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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