Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    70020-70026 Highway 111 Rancho Mirage, CA 92270

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,500,000

    Two contiguous, fully occupied properties on Highway 111 for sale.

    We can help!

    Listing Contact
    Rob Wenthold
    Source: Cbclyle

    Listing Agent: Rob Wenthold

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

    Learn more

    Overview

    Highway 111 Investment Opportunity

    Two contiguous properties located on Highway 111 in Rancho Mirage are available for purchase. Situated in the heart of Rancho Mirage's Restaurant Row, the properties at 70020 and 70026 Highway 111 are both 100% occupied. The property at 70020 Highway 111 is occupied by four tenants: a home interior store, a coin shop, a coffee shop, and a second-floor residential apartment. The property at 70026 Highway 111 is occupied by a restaurant.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Law Firm Real Estate Agency 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.

    Similar Places Nearby

    Atrium

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.4426849
    Latitude
    33.7640972

    Nearby Similar for Sale

    • New
      $228,000
      675 SF

      Desert Braemar Gem

      One-bedroom unit with large patio in 55+ community.
      69850 Highway 111, Rancho Mirage, CA 92270
      View Details
    • New
      $925,000
      2,886 SF

      Rancho Mirage Multifamily Investment Opportunity

      Four-unit property in Rancho Mirage with mountain views and pool.
      39910 Bird Ln, 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
    • $279,900
      Pending

      Turnkey Flat in Rancho Mirage

      Low-maintenance, furnished flat in a vibrant 55+ Rancho Mirage community.
      69850 California 111, 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
    • $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
    • $1,950,000

      Rancho Mirage Office Plaza

      Well-maintained office plaza with covered parking and central valley location.
      41750 Rancho Las Palmas Dr, Rancho Mirage, CA 92270
      View Details
    • $239,000

      Rancho Mirage Specialty Property

      Specialty property available for sale in Rancho Mirage, CA.
      14 International Blvd, Rancho Mirage, CA 92270
      View Details
    • $3,150,000

      Rancho Mirage Property For Sale

      Rancho Mirage property available for purchase.
      39905 Bird Ln, Rancho Mirage, CA 92270
      View Details
    • $1,083,000
      3 SF

      Rancho Mirage Office For Sale

      Office building in central Coachella Valley with covered parking.
      71-780 San Jacinto Dr, Rancho Mirage, CA 92270
      View Details
    • $169,000

      Rancho Mirage Specialty Property

      Specialty property available for sale in Rancho Mirage.
      70260 55, 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

    FAQs

    What type of property is this?
    Shopping center - Two contiguous, fully occupied properties on Highway 111 for sale.
    Where is this shopping center located?
    The property is located at 70020-70026 Highway 111 Rancho Mirage, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Prime location on Highway 111 in Rancho Mirage's Restaurant Row.; - Rare opportunity to purchase two contiguous properties.; - Both properties are 100% occupied.
    (760) 641-7602
    Request Owner's contact information
    70020-70026 Highway 111 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.
    70020-70026 Highway 111
    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
    70020-70026 Highway 111 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
    Rob Wenthold
    Real Estate License ID: 01153834
    (760) 641-7602
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!