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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Turn key restaurants
2524 Florida Ave Hemet, CA 92544-4835
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3220866
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Construction
WOOD
Total area
12,361 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C1CP
APN
438-240-033
UPID
US10-3220866
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
-
El Patron Mexican Grill & Entertainment Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$955k
Blend (final)
Blend
$735k
Owner & transaction history
2524 Florida Investments LLC · 9 yrs held
2524 Florida Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
C1CP · 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$59 / 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
$16,343
Tax year 2024
Assessed value
$1,439,347
Assessed 2024
Previous assessed
$1,439,347
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$406,201
Assessed improvement
$1,033,146
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,361 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C1CP
APN
438-240-033
UPID
US10-3220866
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1CP · Hemet, CA
Zoning C1CP · permitted uses
C1CP · 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
1967
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
2524 Florida Investments LLC
Entity
Mailing address
1582 APPIAN WAY, SAN JACINTO, CA 92583-5207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jun 15, 2017
$1,500,000
2524 Florida Investments LLC
USA All Happy Trust
Grant Deed
$900,000 · Leslie A & Linda J Soyland
Dec 23, 2011
$231,500
USA All Happy Trust
Greater Texas Properties INC
Grant Deed
$100,000 · Greater Texas Properties INC
Feb 17, 2006
$1,400,000
Greater Texas Properties INC
Lee Trust
Grant Deed
$910,000 · Hanmi Bank
Jul 3, 2003
$550,000
Yang W Lee
Jappelt,tr
Grant Deed
$875,000 · Pacific Union Bank
Jul 30, 1998
—
Hans Etal Jaeppelt
Jaeppelt,hans S Etux
Quit Claim Deed
related
$100,000 · Valley Merchants Bank
Sep 26, 1997
—
Hans Etal Jaeppelt
Jaeppelt,hans S Etal
Quit Claim Deed
related
—
—
—
USA All Happy Trust
—
Loan Modification
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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