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Property profile & analytics
OFF-MARKET
Estimated value
$2,820,000
Medical Office Space
3989 Stetson Ave, Hemet, CA 92545-9695
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4037752
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
WOOD
Total area
19,034 SF
Lot
1.75 ac (76,230 SF)
Zoning code
PCD
APN
460-250-036
UPID
US09-4037752
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
-
Dr. Curtiss Combs, MD Medical Clinic
-
University Pain Consulants Physician
-
Children's Primary Care Medical Group Hemet: Abjelina Annalisa J MD Pediatrician Medical Clinic
-
Keith Jennifer C MD Pediatrician Medical Clinic
-
Nephrology Associates Medical Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.82M
Owner & transaction history
Rancho Invs Ptrs-hemet LLC · 8 yrs held
Rancho Invs Ptrs-hemet LLC
since 2018
5 recorded transactions
Zoning & alternative use
PCD · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.2M
+31.2%
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%
$3,225,000
6.5%
$2,975,000
7%
$2,765,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,235,000
Current use
INDUSTRIAL (GENERAL)
$4,245,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±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
$148 / 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
$60,861
Tax year 2024
Assessed value
$5,341,899
Assessed 2024
Previous assessed
$5,341,899
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,431,387
Assessed improvement
$3,910,512
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
19,034 SF
Lot
1.75 ac (76,230 SF)
Zoning code
PCD
APN
460-250-036
UPID
US09-4037752
Jurisdiction
RIVERSIDE
Zoning & alternative use
PCD · Hemet, CA
Zoning PCD · permitted uses
PCD · 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
MEDICAL BUILDING Current
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
MEDICAL BUILDING Current
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
2010
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.75 ac
Current owner
From public records · entity-resolved
Rancho Invs Ptrs-hemet LLC
Entity
Free & Clear · 8 yrs held
Mailing address
28780 SINGLE OAK DR STE #160, TEMECULA, CA 92590-5528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
Rancho Investments Hemet LLC
—
Deed
related
$2,350,000 · Community Valley Bank
Jun 19, 2018
—
Rancho Inv Ptrs-hemet LLC
—
Grant Deed
related
$7,250,000 · Miscellaneous Ins Co
Jun 12, 2018
—
Rancho Invs Ptrs-hemet LLC
Rancho Invs Ptrs-hemet LLC
Quit Claim Deed
—
Oct 16, 2017
—
Rancho Inv-partners Hemet LLC
—
Loan Modification
related
$6,185,550 · Capital Bk
Oct 20, 2016
$6,855,000
Rancho Investment Partners Hemet Ll
Hsre Mred I LLC
Grant Deed
$5,325,250 · Capital 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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