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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Office buildings
2627 Florida Ave, Hemet, CA 92545-3605
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0186603
Property summary
AI-generated overview
The Bell Tower Offices, a Class B office building in Hemet, California, offers a unique opportunity for businesses seeking high-visibility space. Located at 2627 West Florida Avenue, 92545, this elevator-served building features 22,375 square feet of leasable space, with multiple suites available ranging from 473 to 3,144 contiguous square feet. Ideal for medical, dental, legal, or CPA practices, the building provides ample parking with 93 spaces to accommodate clients and staff. Situated on Florida Avenue, a major thoroughfare with over 20,000 cars passing daily, this property offers excellent visibility and exposure for your business. Monument signage is available, further enhancing your brand presence. The building is located in Riverside County and offers a traditional office setting. This is a rare opportunity to establish your business in a highly desirable and convenient location in West Hemet. Contact us today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
TILT-UP CONCRETE
Total area
21,133 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C2
APN
448-320-018
UPID
US09-0186603
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
-
Jennasys Engineering Engineer
-
Coastline Beauty College - Hemet Campus Vocational School Training Center
-
Vector Marketing Hemet Advertising Agency Marketing & Advertising
-
Elite Motors Registration Services Waste Management Facility
-
Addus Health Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.61M
Owner & transaction history
Florida Commercial Holding LLC
Florida Commercial Holding LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C2 · 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,065,000
Current use
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10% · vs last sale $1.40M (May 12 2025)
Last sale anchor
$1.40M
May 12 2025
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
$76 / 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
$31,310
Tax year 2024
Assessed value
$2,678,000
Assessed 2024
Previous assessed
$2,678,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$706,967
Assessed improvement
$1,971,033
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
21,133 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C2
APN
448-320-018
UPID
US09-0186603
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Hemet, CA
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Florida Commercial Holding LLC
Entity
Mailing address
14000 CHANDLER BLVD, SHERMAN OAKS, CA 91401-5736
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
$1,400,000
Florida Commercial Holding LLC
Bell Towers Power R E Leasing LLC
Grant Deed
$593,000 · Business Finance Capital
Aug 12, 2025
—
Coastline Beauty College INC
Florida Commercial Holding LLC
Deed
$575,120 · Calprivate Bank
Jan 29, 2015
$2,950,000
Bell Towers Power R E Leasing
Stewart Group
Grant Deed
—
Jul 2, 2007
$2,500,000
Stewart Group
Ocarroll,john P
Grant Deed
$1,908,750 · Pacific Western Bank
Feb 9, 2005
$1,650,000
John P O'carroll
Duane C Enochs
Grant Deed
$1,100,000 · Independence Bank
Jan 11, 2000
—
Duane C Etal Enochs
Enochs,duane C Etux
Quit Claim Deed
related
—
Aug 1, 1988
$314,000
Enochs Duane C
Belltower Assoc
Grant Deed
related
—
—
—
Belltower Assoc
—
Deed Of Trust
related
$937,500 · Western Federal Savings & Loan
—
—
Lazer Broadcasting Corp
—
Deed Of Trust
related
—
—
—
Stewart Group LLC
—
Deed Of Trust
related
$1,600,000 · Mutual Of Omaha Bank
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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