This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/9
$619,900 -$30,100 (-4.63%) Price Reduced
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/9
Property 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.
Full Property Details
Full Property Details for 561 N Palm
General
- Price: $619,900
- Taxes: $7,540
- Status: Active
- Type: Retail
- Source: MRMLS
- MLS ID: SW26011643
- Updated: 5/30/2026
- Days on Market: 135 days
- Added to Site: 136 day(s) ago
Rooms
Other Rooms
- Laundry: None
Location
- County: Riverside
- Driving Directions: From Florida Ave, travel north on Palm Ave. The property will be on your left.
Heating & Cooling
- Heating Type: None
Utilities
- Utility Description: Electricity Connected, Water Connected
Structural Information
- # Buildings: 2
- Construction: Metal Siding
- Voltage: 440
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 3600
- Square Feet: 3,600
- Year Built: 1980
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.59
- Useable Acres: .59
- Lot Size (Sq. Ft.): 25,700
- Lot Size Source: Assessor
- Fence: Yes
- Lot Features: Level with Street, Paved, Rectangular Lot, Level, Lot 20000-39999 Sqft
- Lot Description: Level with Street, Paved, Rectangular Lot, Level, Lot 20000-39999 Sqft
- Fencing (Description): Wrought Iron
Financial Considerations
- Price Per Sq. Ft.: $172
- Operating Expenses: $9,570
- Tax Amount: $7,540
Disclosures and Reports
- Investment: Yes
- Property ID: 442030021
Listed by Your Home Selling Pros, DavidLimon
Get Pre-Approved Today
Schools
Schools serving 561 N Palm
School District:Hemet Unified School District
| Name | Grades | Distance |
|---|---|---|
Fruitvale Elementary School 2800 West Fruitvale Avenue, Hemet, CA 92545 | K-5 | 1.2 mi |
Rancho Viejo Middle School 985 South Cawston Avenue, Hemet, CA 92545 | 6-8 | 2.6 mi |
Tahquitz High School 4425 Titan Trail, Hemet, CA 92545 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 561 N Palm
Date
Details
Price
Change
Source
5/30/2026
Price Reduced
$619,900
-4.63%
MLS
1/15/2026
Listed
$650,000
614.29%
MLS
8/31/1993
Sold
$91,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 561 N Palm
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,546
2%
$221,565
2%
2024
$2,497
1%
$217,221
2%
2023
$2,464
2%
$212,963
2%
2022
$2,417
2%
$208,788
2%
2021
$2,377
1%
$204,695
1%
2020
$2,344
2%
$202,597
2%
2019
$2,293
3%
$198,625
2%
2018
$2,221
1%
$194,731
2%
2017
$2,195
1%
$190,913
2%
2016
$2,179
—
$187,171
2%
2015
$2,172
5%
$184,362
2%
2014
$2,074
—
$180,752
—
2013
$2,074
—
$179,937
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 561 N Palm
561 N Palm, Hemet, CA 92543 (MLS# SW26011643) is a Retail property. 561 N Palm is currently listed for $619,900 and was received on January 15, 2026. Want to learn more about 561 N Palm? Do you have questions about finding other Retail real estate for sale in Hemet? You can browse all Hemet real estate or contact a Coldwell Banker agent to request more information.

