Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    70260 148 Rancho Mirage, CA 92270

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    Land available for sale in Rancho Mirage, California.

    Lot size:
    0.11 Acres

    Property Features for 70260 148

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Richard Ackert
    Richard Ackert
    Source: Elliman

    Listing Agent: Richard Ackert

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

    Learn more

    Overview

    Rancho Mirage Land Available

    Available for sale is a parcel of land located at 70260 Highway 111 148 in Rancho Mirage, California. The listing price is $125,000.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.414
    Latitude
    33.7825

    Nearby Similar for Sale

    • $234,000
      675 SF

      Rancho Mirage Gem with Patio

      One-bedroom unit with a large private patio and many amenities.
      69850 Highway 111, Rancho Mirage, CA 92270
      View Details
    • New
      $279,900
      1,075 SF

      Rancho Mirage 55+ Co-Op

      Furnished flat in a vibrant, gated 55+ Rancho Mirage community.
      69850 California 111, Rancho Mirage, CA 92270
      View Details
    • New
      $245,000
      887 SF

      Charming Rancho Mirage Co-op

      Charming co-op with updated features in a 55+ community.
      69850 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $925,000
      2,886 SF

      Rancho Mirage Multifamily Investment Opportunity

      Four-unit property in Rancho Mirage with mountain views and assumable loan.
      39910 Bird Ln, Rancho Mirage, CA 92270
      View Details
    • $425,000

      Rancho Mirage Historic Residence

      Architecturally significant condo with dual suites and mountain views.
      37800 Da Vall Dr, Rancho Mirage, CA 92270
      View Details
    • $655,000
      2,603 SF

      Rancho Mirage Home with Golf Views

      Well-maintained home with golf course views, pool, and spa.
      261 Kavenish Dr, Rancho Mirage, CA 92270
      View Details
    • $75,000

      Rancho Mirage Manufactured Home

      Two-bedroom manufactured home in Rancho Mirage Mobile Home Estates.
      281 Turf Paradise St, Rancho Mirage, CA 92270
      View Details
    • $2,249,900
      4,587 SF

      Rancho Mirage Retail/Commercial Building

      Iconic mid-century modern building on Highway 111 in Rancho Mirage.
      72067 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $165,000

      Rancho Mirage 55+ Community Home

      Two-bedroom home in a gated 55+ community.
      70260 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $355,000

      Renovated Condo with Private Patio

      Meticulously renovated, professionally designed 2-bedroom condo with modern amenities.
      69635 Encanto Ct, Rancho Mirage, CA 92270
      View Details
    • $51,950

      Rancho Mirage RV/Mobile Village Unit

      Affordable living in Coachella Valley with community pool and views.
      70210 35, Rancho Mirage, CA 92270
      View Details
    • $740,000
      73,558 SF

      Medical Condo in Rancho Mirage

      Medical condominium for sale in a favored medical office park.
      72780 Country Club Dr, Rancho Mirage, CA 92270
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale in Rancho Mirage, California.
    Where is this land located?
    The property is located at 70260 148 Rancho Mirage, CA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - YearBuilt: 1960
    (760) 992-6681
    Request Owner's contact information
    70260 148 Rancho Mirage, CA 92270
    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.
    70260 148
    Rancho Mirage, CA 92270
    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
    70260 148 Rancho Mirage, CA 92270
    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
    Richard Ackert
    Richard Ackert
    Real Estate License ID: 02141469
    (760) 992-6681
    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.