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Property profile & analytics
FOR SALE
Retail space
811 E Florida Ave Hemet, CA 92543
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3534873
For Sale
1 / 10
$1,100,000
811 E Florida Ave, Hemet, CA 92543
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
TILT-UP CONCRETE
Total area
6,466 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C1
APN
443-294-003
UPID
US09-3534873
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
-
Dynamic Hobbies (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$580k
Owner & transaction history
Sky Ridge 9 LLC · 3 yrs held
Sky Ridge 9 LLC
since 2022
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
C1 · 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
$605,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $565k (Sep 28 2022)
Last sale anchor
$565k
Sep 28 2022
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
$90 / 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
$6,739
Tax year 2024
Assessed value
$587,826
Assessed 2024
Previous assessed
$587,826
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$31,212
Assessed improvement
$556,614
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1953
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,466 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C1
APN
443-294-003
UPID
US09-3534873
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Hemet, CA
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1953
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Sky Ridge 9 LLC
Entity
Mailing address
16 ANTHEM POINTE CT, HENDERSON, NV 89052-6605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
—
Sky Ridge 9 LLC
Luke K Choi
Intrafamily Transfer
related
—
Sep 27, 2022
—
Luke K Choi
Luke K Choi
Intrafamily Transfer
related
—
Feb 14, 2022
$565,000
Luke K Choi
Hemet Blue Plaza LLC
Grant Deed
—
Mar 14, 2014
$275,000
Hemet Blue Plaza LLC
Pcb Real Estate Holdings LLC
Grant Deed
—
Oct 15, 2012
$526,407
Pcb Real Estate Holdings LLC
Refs INC
Trustees Deed
related
—
May 10, 2010
—
Sung O Kim
Yi Family LP
Grant Deed
$503,500 · Yi Family LP
Mar 19, 2008
—
Yi Family
Yi,jang K & Young S
Quit Claim Deed
—
Oct 31, 2007
—
Jang K Yi
Pandarvis Tameka Trust
Grant Deed
—
Oct 31, 2007
$800,000
Jang K Yi
Black Mountain Trust
Grant Deed
$520,000 · Pacific Commerce Bank
Dec 28, 2006
—
Pendarvis Tameka Trust
Black Mountain Trust
Grant Deed
related
$909,200 · Excel National Bank
Nov 10, 2005
—
Pendarvis Tameka Trust
Black Mountain Trust
Grant Deed
—
Dec 7, 2004
—
Black Mountain Trust
Wu,james J
Grant Deed
related
—
Feb 4, 2004
$465,000
James Wu
Dressler,danny A & Marietta B
Grant Deed
$340,000 · First Commercial Bank
Jul 12, 1991
—
Dressler,danny A
Central Exchange
Trustees Deed
$376,000 · Bank Of Hemet
Jul 12, 1991
$470,000
Central Exchange
Denham Trust
Trustees Deed
—
—
—
Sung O Kim
—
Deed Of Trust
related
$1,200,000 · Yi Family LP
—
—
Sung O Kim
—
Deed Of Trust
related
$1,200,000 · Yi Family LP
—
—
Pcb Real Estate Holdings LLC
—
Deed Of Trust
related
—
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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