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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
623 Latham Ave, Hemet, CA 92543-4342
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-5371655
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1913
Construction
WOOD
Total area
1,493 SF
Lot
0.14 ac (6,098 SF)
Zoning code
RP
APN
443-242-002
UPID
US09-5371655
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
-
City of Hearts Therapy Physician
-
City of the Heart Psychological Services, A Professional Corporation Physician Medical Clinic
-
Carla Santana Marriage Or Relationship Counselor
-
Cheryl M Rosete Physician Medical Clinic
-
Dr. Laurel Coman Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$478k
Blend (final)
Blend
$505k
Owner & transaction history
Ask Awiener LLC
Ask Awiener LLC
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
RP · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$645,000
+119.1%
Warehouse, storage
$440,000
+49.9%
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
$480,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$645,000
Change: +119% · Conversion: Difficult
WAREHOUSE, STORAGE
$440,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $550k (Dec 1 2023)
Last sale anchor
$550k
Dec 1 2023
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
$338 / 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
$6,181
Tax year 2024
Assessed value
$541,459
Assessed 2024
Previous assessed
$541,459
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$48,248
Assessed improvement
$493,211
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
2
Total area
1,493 SF
Lot
0.14 ac (6,098 SF)
Zoning code
RP
APN
443-242-002
UPID
US09-5371655
Jurisdiction
RIVERSIDE
Zoning & alternative use
RP · Hemet, CA
Zoning RP · permitted uses
RP · 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
AUTO REPAIR, GARAGE
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$440,000
AUTO REPAIR, GARAGE
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
1913
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ask Awiener LLC
Entity
Free & Clear · 0 yrs held
Mailing address
41580 AVENIDA BARCA, TEMECULA, CA 92591-1561
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
Ask Awiener LLC
Wolfgang And Portia Klebel Trust
Deed
related
—
Dec 1, 2023
—
Wolfgang A Klebel
Wolfgang A Klebel
Intrafamily Transfer
related
—
Jun 16, 2023
—
Wolfgang A Klebel
Wolfgang A Klebel
Intrafamily Transfer
related
$510,000 · First Citizens Bank & Trust Co
Oct 30, 2019
$550,000
Wolfgang A Klebel
Bell Family Trust
Grant Deed
$440,000 · Sba
May 23, 2012
—
Bell Family Trust
Bell,michael T & Constance M
Quit Claim Deed
related
—
May 4, 2011
$520,000
Michael T Bell
Djp Investments LLC
Grant Deed
$208,000 · Seacoast Commerce Bank
Mar 8, 2011
—
Perry,donna J
Perry,ronald C
Quit Claim Deed
related
—
Jan 7, 2004
$220,000
Ronald C Perry
Wheeler,mark T & Pamela M
Grant Deed
$172,000 · National City Mortgage Co
Jan 7, 2004
—
Perry,ronald C
Perry,donna J
Quit Claim Deed
related
—
Oct 27, 1995
$95,000
Mark T Wheeler
Negri Trust
Grant Deed
$66,000 · Individual
—
—
Mark T Wheeler
—
Deed Of Trust
related
$110,000 · Argent Mortgage Co LLC
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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