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    La Quinta Village Retail Space Title is generated by Realmo AI

    50801 Washington St, La Quinta, CA 92253

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    Multi-tenant shopping center in La Quinta Cove.

    Type:Restaurant, Retail, Office
    Property size:
    79,607 SF
    Added:
    Aug 3, 2020
    Days on Market:
    2109
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 50801 Washington St

    General Information

    Standard status
    Active
    Size
    79,607 SF
    Property subtype
    Restaurant, Retail, Office

    Building Details

    Year Built
    1994

    Spaces For Lease

    at 50801 Washington St Contact us

    50921-B $2 /Mo

    Size
    2,054 SF
    Type
    Restaurant, Retail
    Shell condition, 1 restroom, grease interceptor stubbed to suite.
    Contact us

    50801-B/C $2.00 /Mo

    Size
    4,287 SF
    Type
    Restaurant
    Outparcel location fronting Washington Street in the newly Grocery Outlet anchored...
    show more
    Contact us

    50949 Unit B $2 /Mo

    Size
    1,627 SF
    Type
    Restaurant, Retail
    Contact us

    50855 - C $2 /Mo

    Size
    1,100 SF
    Type
    Restaurant, Retail, Office
    Contact us

    We can help!

    Listing Contact
    Cameron Rawlings
    Cameron Rawlings

    Listing agent Cameron Rawlings License #02102158

    Listing office Wilson Meade Commercial Real Estate

    Listing date Aug 3, 2020

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Wilson Meade Commercial Real Estate

    HighLights

    • High‑traffic location at the gateway to the historic La Quinta Cove.
    • Excellent visibility and accessibility.
    • Strong tenant mix including Grocery Outlet, Starbucks, Subway, and Great Clips.
    • Located in one of the valley's most desirable areas.
    • Vibrant multi‑tenant neighborhood shopping center.
    • Established in 1994.

    Overview

    La Quinta Village, constructed in 1994, is a multi-tenant neighborhood shopping center located at the northwest corner of Washington Street and Calle Tampico. Situated at the gateway to the historic La Quinta Cove, the center spans approximately 79,607 square feet. The property offers visibility and accessibility. Current tenants include Grocery Outlet, Starbucks, Subway, and Great Clips. La Quinta Village provides a location with a tenant mix and community appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering

    Suggested Use

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

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

    Similar Places Nearby

    • Old Town La Quinta — 78100 Main St, La Quinta, CA 92253
    • Navarro Plaza — Avenida Bermudas &, Calle Tampico, La Quinta, CA 92253
    • Park View Plaza — 78134 Calle Tampico, La Quinta, CA 92253

    Location Insight

    • Map
    • Local Demand
    City
    La Quinta
    County
    Riverside
    State
    California
    Longitude
    -116.2952962
    Latitude
    33.6800487

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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant shopping center in La Quinta Cove.
    Where is this shopping center located?
    The property is located at 50801 Washington St La Quinta, CA.
    What are key features of this property?
    This property features: High‑traffic location at the gateway to the historic La Quinta Cove.; Excellent visibility and accessibility.; Strong tenant mix including Grocery Outlet, Starbucks, Subway, and Great Clips.
    (760) 779-8827 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cameron Rawlings
    Cameron Rawlings
    Real Estate License ID: 02102158
    Learn More
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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.

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