Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    79-705 Thru 79-845 Hwy, Unit 111 La Quinta, CA 92253

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.70 SF/Yr

    Retail center on Highway 111 with newer construction.

    Property size:
    300,000 SF
    Lot size:
    300,000 SF

    Property Features for 79-705 Thru 79-845 Hwy

    General Information

    Size
    300,000 SF

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Maggie Montez
    Maggie Montez
    Source: Lee-associates

    Listing Agent: Maggie Montez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Highway 111 Retail Center

    This shopping center, featuring newer construction and distinctive architecture, is located on Highway 111, near Jefferson Street. The property benefits from great signage and easy access. Anchored by Costco, BevMo, Mimi's, Burgers & Beer, and Starbucks, the shopping center serves an affluent trade area encompassing La Quinta and Indio. The property size is 300000 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    Old Town La Quinta, Navarro Plaza, Park View Plaza

    Map

    City
    La Quinta
    County
    Riverside
    State
    California
    Longitude
    -116.287
    Latitude
    33.6713

    Nearby Similar for Lease

    • $13 SF/Yr
      79,607 SF

      La Quinta Village Shopping Center

      Prime La Quinta Retail/Medical Space
      50801-50981 Washington St, La Quinta, CA 92253
      View Details
    • $18 SF/Yr
      21,470 SF

      La Quinta Retail Center Investment

      High-traffic retail center in prime La Quinta location
      78525 Ca-111, La Quinta, CA 92253
      View Details
    • Contact for pricing
      39,000 SF

      Jefferson Square: La Quinta Office Space

      Prime La Quinta Office & Retail, 3 Suites Available
      44025 Jefferson St, La Quinta, CA 92253
      View Details
    • $2,350 /Mo

      La Quinta Office Retail Space

      Two-story Mediterranean building with office and retail spaces for rent.
      78370 Ca-111 100, La Quinta, CA 92253
      View Details
    • Contact for pricing
      3,445 SF

      La Quinta Retail End Cap Spaces

      ±3,445 SF Retail Space Available
      79740-79800 Ca-111, La Quinta, CA 92253
      View Details
    • $30 SF/Yr
      7,814 SF

      La Quinta Medical Office Suites

      Medical Office Space Available in La Quinta, CA
      47647 Caleo Bay Dr, La Quinta, CA 92253
      View Details
    • $1.75 SF/Yr
      8,050 SF

      La Quinta Office Space Available

      Office space for rent with tenant improvement allowance available.
      79215 Corporate Center Dr, La Quinta, CA 92253
      View Details
    • Contact for pricing
      60,000 SF

      Retail Center at Highway 111

      Retail spaces and drive-thru opportunity near Costco and EOS Fitness.
      111 And Jefferson St, La Quinta, CA 92253
      View Details
    • $1.40 SF/Yr

      Built Out Office Space

      Office space with reception, offices, and restrooms available for rent.
      78370 Ca-111 255, La Quinta, CA 92253
      View Details
    • $1.50 SF/Yr
      126,684 SF

      Highway 111 Retail Suites

      Retail and office suites available on Highway 111.
      78-297 Highway 111, La Quinta, CA 92253
      View Details
    • $1.50 SF/Yr
      32,301 SF

      La Quinta Retail Space Available

      Retail spaces available in La Quinta Cove Retail District.
      78-130 Calle Tampico, La Quinta, CA 92253
      View Details
    • $2 SF/Yr
      1,877 SF

      La Quinta Office/Retail Space

      Office/retail space in La Quinta with high traffic count.
      47875 Caleo Bay Dr, La Quinta, CA 92253
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center on Highway 111 with newer construction.
    Where is this shopping center located?
    The property is located at 79-705 Thru 79-845 Hwy, Unit 111 La Quinta, CA.
    What is the lease rate?
    The lease rate is $1.70 SF/Yr.
    What are key features of this property?
    This property features: - Anchored by Costco, BevMo, Mimi's, Burgers & Beer, and Starbucks.; - Excellent location on Highway 111, near Jefferson Street, with easy access.; - Affluent trade area serving La Quinta and Indio.
    (760) 346-2520
    Request Owner's contact information
    79-705 Thru 79-845 Hwy, Unit 111 La Quinta, CA 92253
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    79-705 Thru 79-845 Hwy, Unit 111
    La Quinta, CA 92253
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    79-705 Thru 79-845 Hwy, Unit 111 La Quinta, CA 92253
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Maggie Montez
    Maggie Montez
    Real Estate License ID: 01070683 (CA)
    (760) 346-2520
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.