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561 N Palm Ave 3,600 SF 100% Leased Industrial Building Hemet, CA 92543 $889,674 CAD ($247.13 CAD/SF) 8.69% Cap Rate
Investment Highlights
- 8.69% cap rate
- Individual entrances for each building
- Fenced yard space for secure storage or operations (25,700 SF lot with plenty of on-site parking)
- Two separate commercial buildings (Can be delivered vacant)
- Large bay doors
- 3 Phase Electrical
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 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, 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.
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, 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$90,336
|
$25.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,336
|
$25.09
|
| Taxes |
$10,320
|
$2.87
|
| Operating Expenses |
$2,737
|
$0.76
|
| Total Expenses |
$13,058
|
$3.63
|
| Net Operating Income |
$77,278
|
$21.47
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $90,336 |
| Annual Per SF | $25.09 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $90,336 |
| Annual Per SF | $25.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,320 |
| Annual Per SF | $2.87 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,737 |
| Annual Per SF | $0.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,058 |
| Annual Per SF | $3.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $77,278 |
| Annual Per SF | $21.47 |
Property Facts
Amenities
- Fenced Lot
Utilities
- Lighting
- Water - City
1 1
Property Taxes
| Parcel Number | 442-030-021 | Total Assessment | $302,930 CAD |
| Land Assessment | $155,507 CAD | Annual Taxes | $10,320 CAD ($2.87 CAD/SF) |
| Improvements Assessment | $147,423 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
442-030-021
Land Assessment
$155,507 CAD
Improvements Assessment
$147,423 CAD
Total Assessment
$302,930 CAD
Annual Taxes
$10,320 CAD ($2.87 CAD/SF)
Tax Year
2025
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561 N Palm Ave
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