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Property profile & analytics
OFF-MARKET Estimated value $1,690,000
Warehouses

410 State St Hemet, CA 92543-2938

0.56 ac lot
Individually Owned ~ Est. High Equity
Property ID
US10-3155005
Property summary
AI-generated overview

This exceptional 10,000-square-foot warehouse, situated on a 1.36-acre lot in Hemet, California, presents a unique investment opportunity. Built in 1960, this single-story building boasts 28-foot ceilings, one loading dock with a dock-high door, and ample parking both in front and rear. The property includes two units and is currently 100% occupied, with the lease expiring November 21, 2024. The interior features a fully sprinklered system and movable concrete fencing. Office space is available in both the front and rear of the building, with a private bathroom in the rear office. The property is fully fenced and includes an automatic entry gate. Located in a transit-oriented district (DSP zoning), this site is ideally positioned within the City of Hemet's planned Metro-Transit hub, envisioned to include commercial and multi-family developments. The property's three combined parcels (APN: 443-131-004, 005, 006) offer significant potential for future expansion or redevelopment. The asking price is $2,375,000, translating to $237.50 per square foot. This well-known building, one of the area's first concrete tilt-up structures, is particularly well-suited for a brewery, given its size, features, and prime location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 0.56 ac (24,393 SF)
Zoning code CM
APN 443-131-004
UPID US10-3155005
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
  • Hemway Health Freight Service Logistics Company
  • FM Lock and Safe Locksmith
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.69M
Owner & transaction history
Peyton Crow
Peyton Crow
since 2025
Last sale
$1.7M
5 recorded transactions
2025
$1.7M
2005
$1.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CM · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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