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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 East Mayberry Ave Hemet, CA 92543

    • Commercial real estate
    • 41,403 SF
    • 5.49 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3013022
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 600 East Mayberry Ave

    Year built
    1985
    Lot size
    5.49 lot acres
    Property size
    41,403 SF
    Property type
    Commercial real estate

    Description

    This exceptional 5.49-acre commercial property in Hemet, CA, presents a unique investment opportunity. Located in a desirable residential area, the site boasts 41,403 square feet of existing buildings, offering significant potential for redevelopment. Currently zoned S1, surrounded by R1 residential properties, this location is ideal for a variety of projects, including multi-family housing, senior housing, or assisted living facilities. The property features 223 parking spaces and extensive landscaping, including planters, a fountain, patios, and concrete walkways. With substantial street frontage on Buena Vista Street (296 feet), Wesley Place (597 feet), Thompson Street (230 feet), and East Mayberry Avenue (300 feet), the property offers excellent ingress and egress on all four sides. The mostly level site sits slightly above street grade. The existing structures are part of an operating religious facility, requiring advance scheduling for site visits

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.9665
    Latitude
    33.7394

    Comparable in this City

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      Hemet Commercial Space - Prime Location

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      Hemet Church - Prime Location

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      Hemet Industrial Warehouse For Sale

      12,000 SF Warehouse, Updated, Great Location
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    Similar Nearby for Sale

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      1,100 SF

      Hemet Retail Space: Prime Location

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      1245 St, Hemet, CA 92543
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    • $1,200,000
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      Hemet Commercial Land Opportunity

      3.13-acre infill lot, flexible zoning.
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    • $1,500,000
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      Hemet Retail Space - Prime Location

      High-traffic retail space, 3,219 sq ft.
      103 Stetson Ave, Hemet, CA 92543
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    • $1,500,000

      Commercial Land For Sale

      Commercial land available for sale.
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    • $165,000

      Land For Sale

      Land available for sale.
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Hemet CA: Land & Buildings Lease

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    • $2.00 SF/Yr
      7,199 SF

      Retail Space on San Jacinto

      Retail space available for lease on San Jacinto Street.
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      Fully Leased Retail Property

      Retail property in Hemet, CA, currently 100% leased.
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    • $1,300 /Mo

      Downtown Hemet Commercial Space

      Single-story building in downtown Hemet suitable for various businesses.
      142 S Harvard St, Hemet, CA 92543
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    Request Owner's contact information
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    600 East Mayberry Ave
    Hemet, CA 92543
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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