Property profile

410 State St Hemet, CA 92543

OFF-MARKET
Warehouses
Property ID
US10-3155005
0.56 ac lot
Individually Owned ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Freight Service Logistics Company
  • Locksmith

Location

410 State St Hemet, CA 92543-2938
Hemet metro Census 43401 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

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

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

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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