410 State St Hemet, CA 92543-2938
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.
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Hemway Health Freight Service Logistics Company
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FM Lock and Safe Locksmith
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CM · Hemet, CAHemet. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.