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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Drive through restaurants
3156 Florida Ave Hemet, CA 92545-3621
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2402656
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2021
Construction
WOOD
Total area
2,974 SF
Lot
0.63 ac (27,442 SF)
Zoning code
CPS
APN
448-310-031
UPID
US09-2402656
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
-
Raising Cane's Chicken Fingers Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$615k
Owner & transaction history
Raising Canes Restaurants LLC · 3 yrs held
Raising Canes Restaurants LLC
since 2023
7 recorded transactions
Zoning & alternative use
CPS · 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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$207 / 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
$38,274
Tax year 2024
Assessed value
$3,362,781
Assessed 2024
Previous assessed
$3,362,781
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$200,781
Assessed improvement
$3,162,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,974 SF
Lot
0.63 ac (27,442 SF)
Zoning code
CPS
APN
448-310-031
UPID
US09-2402656
Jurisdiction
RIVERSIDE
Zoning & alternative use
CPS · Hemet, CA
Zoning CPS · permitted uses
CPS · 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
2021
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Raising Canes Restaurants LLC
Entity
Free & Clear · 3 yrs held
Mailing address
13 CORPORATE PLZ DR STE #220, NEWPORT BEACH, CA 92660-7919
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
—
Raising Canes Restaurants LLC
Crossroads Hemet LLC
Lease
—
Jul 6, 2022
—
Mayhew Plaza Woodland Hills II LLC
Mayhew Plaza Woodland Hills II LLC
Intrafamily Transfer
related
—
Jul 6, 2021
—
Mayhew Plaza Woodland Hills II
Eastern Municipal Water District
Quit Claim Deed
related
—
Mar 5, 2021
—
Crossroads Hemet LLC
Director Of Transportation
Quit Claim Deed
related
—
Jan 2, 2019
—
Crossroads Hemet LLC
—
Grant Deed
related
$10,800,000 · Firstbank
Jun 28, 2013
—
Plaza Woodland Hills Mayhew II
Mayhew Woodland Hills Plaza II
Quit Claim Deed
related
—
Feb 26, 2013
$4,684,000
Woodland Hills Plaza Mayhew II
Hemet West
Grant Deed
$1,730,000 · Hemet West LP
Feb 26, 2013
—
Plaza Woodland Hills Mayhew II
—
Deed Of Trust
related
$5,216,408 · Woodmen Of World Life Insuranc
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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