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Property profile & analytics
FOR LEASE
Turn key restaurants
24318 Hemlock Ave Moreno Moreno Valley, CA 92557
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-2809046
For Lease
1 / 14
Contact for pricing
24318 Hemlock Ave,Unit Moreno, Moreno Valley, CA 92557
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1992
Construction
WOOD
Total area
2,496 SF
Lot
0.48 ac (20,908 SF)
Zoning code
CP
APN
481-020-022
UPID
US09-2809046
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
-
B K Family Dentistry Dental Office
-
B & M Transportation Trucking Company
-
Daniel Taylor Karate Training Training Center Sports School
-
IHOP Restaurant
-
Taqueria Zacatecas Restaurant
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
Southern California Edison Company
Southern California Edison Company
since 2025
4 recorded transactions
Zoning & alternative use
CP · Moreno Valley, 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 Moreno Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moreno Valley 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
$9,643
Tax year 2024
Assessed value
$844,290
Assessed 2024
Previous assessed
$844,290
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$253,723
Assessed improvement
$590,567
Applied tax rate
21.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1992
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,496 SF
Lot
0.48 ac (20,908 SF)
Zoning code
CP
APN
481-020-022
UPID
US09-2809046
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Moreno Valley, CA
Zoning CP · permitted uses
CP · Moreno Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Moreno Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Southern California Edison Company
Entity
Free & Clear · 0 yrs held
Mailing address
670 LEDO WAY, LOS ANGELES, CA 90049-1724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 28, 2025
—
Southern California Edison Company
Lcg Mvg LLC
Grant Deed
—
Nov 22, 2024
—
Lcg Mvd LLC
—
Deed
related
$7,000,000 · The Golden 1 Cu
Sep 24, 2018
$860,000
Lcg Mvd LLC
Moreno Valley Festival Ltd
Grant Deed
—
Aug 30, 2018
—
Moreno Valley Festival Ltd
Moreno Valley Festival Ltd
Quitclaim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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