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JUST REDUCED! Diamond Valley Shopping Center

$1,849,000

209 E Stetson Avenue, Hemet, CA 92543

Active
Last Updated: 11/03/2022

6.47

Cap Rate

114,476

NOI

Details:
Cap Rate:    6.47%
NOI:    $114,476
Building Size:    12,100 sqft
Lot Area:    1.82 acres
Occupancy:    88%
Units:    8
Year Built:    1979
Floors:    1
Highlights:
  • 8 Units
  • Additional Pad Possible
  • Ample Parking
  • 88% Leased
  • Long-Term Tenants
Description:

KW Commercial is proud to present The Diamond Valley Shopping Center. This retail strip center is approximately +/-10,243 square feet, situated on an approximately +/- 1.82 acre lot. There are a total of eight fully leased units, with long term tenants. The property was built in 1979 with block / wood construction. This investment has a up side potential as the seller indicates an additional pad for single tenant retail location could be added and existing rents can be increased in the near future.

This retail center is located in the path of development in Hemet and both State Street and Stetson Avenue are major thoroughfares with ample traffic counts. According to CoStar, average daily traffic counts are over 29,500 daily. Major retailers located within a block of the retail center include Starbucks, Stater Brothers, Dollar General, Wells Fargo, Pizza Hut and Carls Jr..

The Diamond Valley Shopping Center is located on the corner of E Stetson and State Street in Hemet, CA.

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Today's Available Mortgage Rates

209 E Stetson Avenue, Hemet, California 92543

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 07/11/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$7,596 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 64% LTV $0 Lender fees
Loan Amount $1,183,360 Loan Amount
BankLender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$7,569 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 63% LTV $0 Lender fees
Loan Amount $1,164,870 Loan Amount
BankLender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$7,520 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 62% LTV $0 Lender fees
Loan Amount $1,146,380 Loan Amount
Largest Commercial Real Estate Lending
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