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Property profile & analytics
OFF-MARKET
Commercial land
2789 Rafferty Rd Hemet, CA 92545-3630
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3722662
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.03 ac (44,866 SF)
Zoning code
C1
APN
448-310-022
UPID
US09-3722662
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
Parkside Minsheng Corp · 15 yrs held
Parkside Minsheng Corp
since 2011
7 recorded transactions
Zoning & alternative use
C1 · 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
$2,572
Tax year 2024
Assessed value
$226,084
Assessed 2024
Previous assessed
$226,084
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$226,084
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.03 ac (44,866 SF)
Zoning code
C1
APN
448-310-022
UPID
US09-3722662
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Hemet, CA
Zoning C1 · permitted uses
C1 · 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
Heating
NONE
Lot
1.03 ac
Current owner
From public records · entity-resolved
Parkside Minsheng Corp
Entity
Mailing address
1010 HEATON MOOR DR, WALNUT, CA 91789-4340
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2011
$2,800,000
Parkside Minsheng Corp
Mission Oaks Natl Bk
Grant Deed
$1,400,000 · Mission Oaks National Bank
Sep 22, 2010
$789,933
Mission Oaks Natl Bk
Td Service Co
Trustees Deed
related
—
Dec 28, 2009
—
Villa Hldgs INC
Villa Cap INC
Quit Claim Deed
related
—
Jun 5, 2009
$48,350
Villa Cap INC
Ress Financial Corp
Trustees Deed
related
—
May 1, 2006
—
Regional Land LLC
Parkside Gardens
Trustees Deed
$2,100,000 · Zions First National Bank
Jan 27, 2006
$400,000
Parkside Gardens
Strazicich R J Trust
Grant Deed
$400,000 · Darlington Trust
May 29, 1998
—
Parkside Gardens LP
—
Grant Deed
related
$1,281,000 · Alliance Bank
Oct 7, 1997
$336,500
Strazicich Trust
Parkside Gardens LP
Grant Deed
—
Jun 28, 1996
$160,000
Cornerstone Land & Dev Group
Miller,robert P
Grant Deed
$78,050 · Seller
Dec 30, 1993
$673,324
Robert P Miller
Monnig Dev INC
Trustees Deed
—
Dec 1, 1991
$115,000
Sb Five San Bernardino
Unknown
Grant Deed
—
—
—
Regional Land LLC
—
Deed Of Trust
related
$700,000 · Mission Oaks National Bank
—
—
Parkside Gardens LP
—
Deed Of Trust
related
$320,000 · Litt Trust
—
—
Parkside Gardens
—
Deed Of Trust
related
$3,536,000 · Pacific Western National Bank
—
—
Cornestone Land & Dev Group In
—
Deed Of Trust
related
$17,000 · Individual
—
—
Regional Land LLC
—
Deed Of Trust
related
$1,726,000 · Cdc Small Business Finance Co
—
—
Land Cornerstone
—
Deed Of Trust
related
$200,000 · Angel Trust
—
—
Parkside Gardens LP
—
Deed Of Trust
related
$400,000 · Janette M & Dennis W Darlington
—
—
Parkside Gardens LP
—
Deed Of Trust
related
$108,000 · Pacific Western National 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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