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Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Apartment buildings
509 Central Ave Hemet, CA 92543-6080
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0792590
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
WOOD
Total area
8,643 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R3
APN
446-091-031
UPID
US09-0792590
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
-
Temporary housing Housing Association
-
Juss Kyia LifeStyle Coaching Life Coach
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.83M
Owner & transaction history
509 Central LLC
509 Central LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R3 · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,330,000
6.5%
$2,150,000
7%
$2,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,555,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10% · vs last sale $1.75M (Jun 26 2025)
Last sale anchor
$1.75M
Jun 26 2025
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
$212 / 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
$13,316
Tax year 2024
Assessed value
$1,157,974
Assessed 2024
Previous assessed
$1,157,974
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$402,074
Assessed improvement
$755,900
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Stories
2
Units
8
Total area
8,643 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R3
APN
446-091-031
UPID
US09-0792590
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Hemet, CA
Zoning R3 · permitted uses
R3 · 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
WAREHOUSE, STORAGE
Est. value
$2.6M
WAREHOUSE, STORAGE
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
1991
Construction
WOOD
Heating
NONE
Stories
2
Units
8
Lot
0.37 ac
Current owner
From public records · entity-resolved
509 Central LLC
Entity
Mailing address
13086 LOIRE VLY DR, RANCHO CUCAMONGA, CA 91739-9453
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
$1,750,000
509 Central LLC
Mcm Prosperity LLC
Grant Deed
$1,225,000 · Sdc Capital Income Fund Reit LLC
Dec 30, 2019
$1,080,000
Mcm Prosperity LLC
Cmg Assets-2 LLC
Trustees Deed
$1,066,000 · Corevest American Fin
Apr 29, 2016
—
Cmg Assets-2 LLC
Capitalist Masters Group LLC
Grant Deed
$858,000 · Colony American Finance Lender LLC Colony American Finance Lender LLC
Nov 13, 2015
$605,000
Capitalist Masters Group LLC
Zimmermann,frank A
Grant Deed
$405,000 · Anchor Lns
Jul 3, 2001
$275,000
Frank A Zimmermann
Savant Trust
Grant Deed
$107,000 · Community Commerce Bank
Aug 12, 1999
—
Daniel J Etal Savant
Savant,daniel J Etux
Quit Claim Deed
related
—
Mar 1, 1999
—
Daniel H Etal Savant
Savant,daniel J Etal
Quit Claim Deed
related
—
Sep 30, 1997
$240,000
Daniel J Savant
Roca,jill G
Grant Deed
$213,645 · Charles A Savant Trustee
—
—
Frank A Zimmermann
—
Deed Of Trust
related
$150,000 · Interbay Funding LLC
—
—
Jill G Roca
—
Deed Of Trust
related
$134,000 · Individual
—
—
Daniel J Savant
—
Deed Of Trust
related
$241,735 · Charles A Savant Trustee
—
—
Jill G Roca
—
Deed Of Trust
related
$11,900 · Individual
—
—
Frank A Zimmermann
—
Deed Of Trust
related
$300,000 · Commercial Capital Bank Fsb
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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