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    69850 Highway 111, Unit 56 Rancho Mirage, CA 92270

    View on Map
    Sponsored
    For Sale
    Under Contract
    $245,000

    MULTI_FAMILY - Contemporary - Rancho Mirage, CA

    Property size:
    887 SF
    Lot size:
    12.23 Acres
    Days on Market:
    16
    Last Refresh:
    Mar 15 at 7:06 am

    Property Features for 69850 Highway 111

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Spa
    1
    Window features
    Shutters, Skylight(s)
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Dining Room
    Bedrooms
    1
    Bathrooms
    2
    APN
    689040017
    Parking
    1
    Parking features
    Assigned
    Pool private
    1
    Interior features
    Vaulted Ceiling(s), Beamed Ceilings
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Exhaust Fan, Gas Cooktop, Microwave Oven, Refrigerator, Washer
    Size
    887 SF
    Lot size
    12.23 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Fireplace(s), Zoned
    Cooling system
    Ceiling Fan(s), Zoned

    Building Details

    Year built
    1956
    Floors in Building
    1
    Flooring type
    Tile
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Jay Saufl
    Jay Saufl

    Bennion Deville Homes (760) 770-6801

    Listing agent Jay Saufl (760) 459-0057

    Listing date Feb 27, 2026

    MLS# 219138810 Listing URL

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Charming Rancho Mirage Co-op

    This charming co-op, referred to as the 'hidden gem of the desert', features vaulted beamed ceilings, sleek tile flooring, and custom features. The unit includes two bathrooms, plantation shutters, three skylights, a built-in gas wall fireplace, and an original checkerboard ceiling design in the great room. A newer mini-split HVAC system helps to lower utility bills, and the unit has its own interior washer and dryer. A designated carport with storage is included. Located in a quiet location, this one-level home has no steps and is near the pool and spa. Situated on over 12 acres, Desert Braemar is a low-density co-op community for residents 55 and over. Amenities include a pool, spa, gym, library, workshop, tennis/pickleball court, putting green, lawn bowling, shuffleboard, and a clubhouse with an amazing kitchen and terrace. The monthly co-op fee includes all amenities, maintenance, water, sewer, trash, Spectrum high-speed internet plus cable including HBO and Showtime, and property taxes. Desert Braemar is a Stock Cooperative, and each owner is issued a stock certificate granting a specific number of shares of the complex with exclusive use of a particular unit. The property size is 887 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.443976
    Latitude
    33.768655

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    FAQs

    What type of property is this?
    Residential income property - Charming co-op with updated features in a 55+ community.
    Where is this residential income property located?
    The property is located at 69850 Highway 111, Unit 56 Rancho Mirage, CA.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - All-inclusive co-op monthly fee covers amenities, maintenance, water, sewer, trash, high-speed internet, cable (HBO & Showtime), and property taxes.; - Enjoy extensive community amenities including pool/spa, gym, library, workshop, tennis/pickleball, putting green, lawn bowling, shuffleboard, and clubhouse.; - Rare one-level unit boasts 2 bathrooms, vaulted beamed ceilings, plantation shutters, and custom features.
    (760) 898-4234
    Request Owner's contact information
    69850 Highway 111, Unit 56 Rancho Mirage, CA 92270
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    Rancho Mirage, CA 92270
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    69850 Highway 111, Unit 56 Rancho Mirage, CA 92270
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    We can help!
    Listing Contact
    Jay Saufl
    Jay Saufl
    (760) 898-4234 (760) 459-0057
    Learn more
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