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561 N Palm Ave 4,387 SF 100% Leased Industrial Building Hemet, CA 92543 $650,000 ($148.17/SF) 8.69% Cap Rate

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Investment Highlights

  • 8.69% cap rate
  • Individual entrances for each building
  • Fenced yard space for secure storage or operations
  • Two separate commercial buildings (Can be delivered vacant)
  • Large bay doors
  • 25,700 SF lot with plenty of on-site parking

Executive Summary

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 2,100 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, and efficient layouts well-suited for light industrial, warehouse, contractor, or service-based uses (buyer to verify zoning and permitted uses). Both buildings are currently rented on a month-to-month basis, providing immediate income with an attractive 8.69% cap rate, while also allowing the property to be delivered vacant at close—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.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $66,000 $15.04
Other Income - -
Vacancy Loss - -
Effective Gross Income $66,000 $15.04
Taxes $7,540 $1.72
Operating Expenses $2,000 $0.46
Total Expenses $9,540 $2.17
Net Operating Income $56,460 $12.87

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $66,000
Annual Per SF $15.04
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $66,000
Annual Per SF $15.04
Taxes
Annual $7,540
Annual Per SF $1.72
Operating Expenses
Annual $2,000
Annual Per SF $0.46
Total Expenses
Annual $9,540
Annual Per SF $2.17
Net Operating Income
Annual $56,460
Annual Per SF $12.87

Property Facts

Price $650,000
Price Per SF $148.17
Sale Type Investment or Owner User
Cap Rate 8.69%
Property Type Industrial
Property Subtype
Service
  • General Retail Auto Dealership
  • General Retail Auto Repair
Building Class B
Lot Size 0.59 AC
Rentable Building Area 4,387 SF
No. Stories 1
Year Built 1980
Parking Ratio 3.65/1,000 SF
Clear Ceiling Height 18’
Cross Streets Oakland Ave
Opportunity Zone Yes
Zoning C-2 - General Commercial. CUP for auto body on one building & CUP auto dealer on the other building.

Amenities

  • Fenced Lot

Utilities

  • Lighting
  • Water - City
  • Sewer - City

Property Taxes

Property Taxes

Parcel Number
442-030-021
Land Assessment
$113,739
Improvements Assessment
$107,826
Total Assessment
$221,565
Annual Taxes
$7,540 ($1.72/SF)
Tax Year
2025
  • Listing ID: 39181258

  • Date on Market: 1/22/2026

  • Last Updated:

  • Address: 561 N Palm Ave, Hemet, CA 92543

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