Property profile

2920 Florida Ave Hemet, CA 92544

OFF-MARKET
Strip malls
Property ID
US09-3268141
15,250 SF 1.04 ac lot Built 2007
Trust Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,094-square-foot retail space, located at 2920 E Florida Ave, Hemet, CA 92544, is part of a thriving 15,250-square-foot multi-tenant building. Situated on a high-traffic corner at the intersection of East Florida Avenue and Cornell Street, this end-cap unit (Units 112/113) benefits from approximately 25,000 average daily vehicles passing by. The property, zoned Commercial General, is in the Hemet/San Jacinto submarket of the Inland Empire East, offering immediate occupancy. Previously used as a meat market and dance studio, the space features a wide-open floor plan, a private office, and a restroom. This thirteen-unit building boasts a diverse tenant mix, making it an ideal location for a variety of businesses. The property's high visibility and convenient location within a busy commercial area present a significant opportunity for growth and success. This is a prime opportunity to establish a business in a high-traffic area with excellent visibility and a strong tenant base.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction WOOD
Total area 15,250 SF
Lot 1.04 ac (45,302 SF)
APN 438-191-032
UPID US09-3268141

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm
  • Spiritual Center
  • Roofing Company General Contractor
  • Shopping Center & Mall
  • Atm

Location

2920 Florida Ave Hemet, CA 92544-5104
Hemet metro Census 43310 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.96M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.79M

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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