4000 Florida AveHemet, CA 92544

Property Details for 4000 Florida Ave

Year built

2004

Construction

WOOD

Lot size

1.79 AC

Property size (Sq ft)

15,525 SF

Zone code

C1CP

Property type

Retail space

APN

438-102-056

APU

438102056

Description

This exceptional retail property, located at 4000 E Florida Ave in Hemet, CA, offers five available spaces ranging from 700 to 3,900 square feet. Situated on a highly visible section of E Florida Ave, this property ensures maximum exposure for your business. The building boasts a total of 24,942 square feet and is zoned CP. Enjoy the convenience of ample on-site parking for both customers and employees. The competitive rental rate is $1.25 per square foot per month, with additional NNN expenses of $0.35 per square foot per month. This location offers a supportive business environment within a thriving community, close to a variety of amenities including shopping centers, restaurants, banks, and hotels. The flexible space options cater to a range of business types, from retail storefronts to service-oriented establishments. This property presents a strong investment opportunity in a growing commercial real estate market. Don't miss this chance to establish your business in a prime Hemet location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,272,340

  6.5%

  $5,789,852

  7%

  $5,376,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,863,054

  Geo Method

  $13,770,122

• Alternative Use

  Use

  Valuation

  Residential

  $4,883,957

  Hospitality

  $4,473,678

  Educational

  $3,722,048

  Medical

  $3,850,055

  Retail

  $5,789,852

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7482

Longitude

-116.929

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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