4490 Florida AveHemet, CA 92544

Property Details for 4490 Florida Ave

Year built

1978

Construction

TILT-UP CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

3,343 SF

Zone code

CP

Property type

Retail properties

Property subtype

Retail space

APN

551-180-017

APU

551180017

Description

This exceptional Hemet, CA retail property boasts 4,047 square feet on a 0.57-acre lot (APN 551180017, 551180016), situated on a signalized corner with an average daily traffic count of 19,313 vehicles. The single-story, 1978-built building features a 390 sq ft warehouse with a roll-up door, two restrooms, ample office space, a fully equipped kitchen, and a lounge area. The C2 zoning allows for a variety of commercial uses. The property also includes an additional 15,682 sq ft lot with existing water and power, totaling 24,830 sq ft of fully gated land. Fifteen parking spaces are available. This prime location offers excellent visibility and significant potential for expansion or redevelopment, making it an ideal investment opportunity for businesses seeking a substantial presence in a high-traffic area of Hemet, CA (zip code 92544). The property is a single-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,350,624

  6.5%

  $1,246,730

  7%

  $1,157,677

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,477,822

  Geo Method

  $2,965,122

• Alternative Use

  Use

  Valuation

  Residential

  $1,051,663

  Hospitality

  $963,318

  Educational

  $801,469

  Medical

  $829,033

  Retail

  $1,246,730

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.748

Longitude

-116.924

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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