561 N Palm, Hemet, CA 92543
Riverside County
Key Facts
Description
Excellent Opportunity for Owner-User or Investor! Well-located commercial property offering flexible use and strong income potential. The property features two separate buildings, each approximately 1,800 square feet, with individual entrances and fenced yard space, providing versatility for a variety of business operations. Situated on a generous 25,700-square-foot lot, the property includes large bay doors, ample on-site parking, 3-phase 440v electrical, and efficient layouts well-suited for light industrial, warehouse, contractor, or service-based uses. Both buildings are currently rented on a month-to-month basis, providing immediate income with an attractive 9.16% cap rate, property can be delivered vacant at close or tenants willing to sign long term lease. Ideal for an owner-user, expansion, or value-add repositioning strategy. This is a rare opportunity to acquire a flexible commercial asset with strong fundamentals, income stability, and long-term upside in a desirable location.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1980
Stories
1
Living Area
3,600 sq ft
Lot Size
0.59 acres
Zoning
C
Days on Market
160
MLS® Listing#
SW26011643
Property Features
Heating
Laundry
Fencing
Lot Features
Construction
Utilities
Water Source
Financial Details
Annual Taxes
$7,540
Parcel Number
442030021
Directions
From Florida Ave, travel north on Palm Ave. The property will be on your left.
Affordability Calculator
$123,980
Estimated monthly payment
$3,299/mo
Principal $495,920 · Est. interest $691,853 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hemet, CA
- $427,451
- Median Listing Price
- 58
- Median Days on Market
- 1,576
- Median Sq Ft
- $252
- Median Price / Sq Ft
- 456
- Active Listings
- This home’s price is 45% above the area median.
- Its price per sq ft is 32% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hemet, CA.
Location
- 561 N Palm, Hemet, CA 92543
Points of Interest in Hemet, CA
Showing the Hemet area map.
Nearby Schools
Hemet Quest - River Springs Charter School
Elementary · 0.8 mi away
Hemet Adult School
Elementary · 1.0 mi away
Hemet Unified School District
Secondary · 1.0 mi away
Alessandro High School
Secondary · 1.1 mi away
Jacob Wiens Elementary
Elementary · 1.1 mi away
Hemet Elementary School
Elementary · 1.2 mi away
Fruitvale Elementary School
Elementary · 1.2 mi away
Whittier Elementary School
Elementary · 1.4 mi away
Alpha Omega School
School · 1.4 mi away
San Jacinto Unified School District
Elementary · 1.5 mi away
Acacia Middle School
Secondary · 1.5 mi away
Crosspoint Academy
School · 1.5 mi away
Springs Charter Schools
Elementary · 1.6 mi away
Baptist Christian School
School · 1.7 mi away
Cawston Elementary School
Elementary · 1.9 mi away
St Hyacinth Academy
Secondary · 2.0 mi away
Rancho Viejo Middle
Secondary · 2.1 mi away
Hyatt Elementary
Elementary · 2.2 mi away
Tahquitz High School
Secondary · 2.3 mi away
San Jacinto Elementary
Elementary · 2.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 42821 Seal Rock Court, Hemet, CA | $435,000 | 3 | 1 | 976 |
| 26205 Lodgepole, Hemet, CA | $435,000 | 2 | 2 | 1,192 |
| 43679 Elliot Court, Hemet, CA | $437,000 | 2 | 2 | 1,880 |
| 3539 Murray Hill, Hemet, CA | $438,900 | 3 | 2 | 1,336 |
| 215 Gamez, Hemet, CA | $439,000 | 2 | 2 | 1,861 |
| 5292 Corte Cerro, Hemet, CA | $439,000 | 2 | 2 | 1,513 |
Moving Cost Estimate
EXIT Agents in Hemet
Listing Courtesy: Your Home Selling Pros - 951-445-0691
Presented by: David Limon
Licensed in the state of California.