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Property profile & analytics
OFF-MARKET
Estimated value
$14,500,000
Retail space
350 Carriage Cir Hemet, CA 92545-9618
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1123587
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
WOOD
Total area
43,130 SF
Lot
6.41 ac (279,219 SF)
APN
456-010-032
UPID
US09-1123587
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
-
Toyota Of Hemet Parts Auto Parts Store
-
Kelley Blue Book Buying Center (Bike/Boat/Book/etc) Store
-
Toyota Of Hemet Service Department Auto Repair Shop
-
Toyota Of Hemet Car Dealership
-
Gosch Collision at GOScH Toyota Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.50M
CAP Approach
CAP
$9.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.50M
Owner & transaction history
Pradera Way LLC · 2 yrs held
Pradera Way LLC
since 2024
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.6M
+118.2%
Apartment house (5+ units)
$13.1M
+53.5%
Warehouse, storage
$12.7M
+49.3%
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
$14,500,000
ML approach
$14,500,000
CAP Approach
CAP Return
Estimation
6%
$10,305,000
6.5%
$9,510,000
7%
$8,830,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$18,625,000
Change: +118% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,095,000
Change: +53% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,745,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,620,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$14.50M
Range $13.05M – $15.95M · ±10% · vs last sale $14.50M (May 21 2024)
Last sale anchor
$14.50M
May 21 2024
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
$336 / 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
$66,779
Tax year 2024
Assessed value
$5,398,166
Assessed 2024
Previous assessed
$5,398,166
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,931,302
Assessed improvement
$3,466,864
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
43,130 SF
Lot
6.41 ac (279,219 SF)
APN
456-010-032
UPID
US09-1123587
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$18.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.1M
WAREHOUSE, STORAGE
Est. value
$12.7M
INDUSTRIAL (GENERAL)
Est. value
$9.6M
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2000
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
6.41 ac
Current owner
From public records · entity-resolved
Pradera Way LLC
Entity
Mailing address
42160 PRADERA WAY, TEMECULA, CA 92590-3522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 21, 2024
$14,500,000
Pradera Way LLC
350ham LLC
Grant Deed
$13,050,000 · Toyota Motor Credit Corp
Mar 1, 2023
—
350ham LLC
—
Deed
related
$8,000,000 · Toyota Financial Savings Bank
Apr 25, 2018
—
Vam Investments
—
Loan Modification
related
$8,240,000 · Jp Morgan Chase Bk
Oct 26, 2017
—
M & M Gosch LLC
Vam Investments
Quit Claim Deed
related
—
—
—
Vam Investments
—
Deed Of Trust
related
$2,911,317 · Comerica Bank
—
—
Vam Invesments
—
Deed Of Trust
related
$65,000 · Comerica Bank
—
—
Vam Investments
—
Deed Of Trust
related
$2,512,698 · Jp Morgan Chase Bk
—
—
Vam Investments
—
Loan Modification
related
$8,240,000 · Jp Morgan Chase Bk
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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