Downtown Indio Duplex
For Sale
$515,000
45741 Smurr Street, Indio, CA 92201
Duplex in revitalizing downtown Indio near new developments.
Property Size1,048 SF
Price / SF$491.41
Days on Market237
Property Features for 45741 Smurr Street
General Information
Standard status
Active
Size
1,048 SF
Property subtype
Residential Income
Zoning
Assessor
Amenities
Yes
Other, Yes
Laminate
No
1,048.00
2
Sqft
1
Other
Building Details
Year Built
1967
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices California Properties
Listed By:
Josie Gomez · License #01716028
(760) 485-4525
Source:
Compass
Added: Jan 19
Changed: Sep 12
Last Checked: Sep 12 at 11:18AM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
Located in downtown Indio, this duplex offers a location amidst the area's revitalization. The construction of a new three-story City Hall and library, along with infrastructure upgrades on Oasis Street, are part of Indio's transformation. The property is near the expanding Boulevard 111 corridor, which is becoming a hub of cultural and social activity. New mixed-use residential and commercial developments are bringing energy to the neighborhood, complemented by dining and shopping options, including Chick-fil-A, Dutch Bros, and Starbucks, and the Green Shopping Center. These improvements are designed to elevate downtown Indio into a destination where residents and visitors can work, live, and play. The property is located in an area that is somewhat bikeable with a bike score of 36, and car-dependent with a walk score of 33.
Key Highlights
- Prime location in the heart of downtown Indio, experiencing significant revitalization.
- Close proximity to the expanding Boulevard 111 corridor, a hub of cultural and social activity.
- Benefit from new infrastructure upgrades and developments, including a new City Hall and library.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,260
$368.3K
Cap Rate 7%
$263,043
$263.0K
Cap Rate 9%
$204,589
$204.6K
Market Conditions
NOI Build-Up for 1,048 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.8K $25.56/SF
− Vacancy
−$482 −$0.46/SF
EGI
$26.3K $25.10/SF
− OpEx
−$7.9K −$7.53/SF
NOI
$18.4K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,260
Cap Rate 7%
$263,043
Cap Rate 9%
$204,589
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,963 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$314.0K
$274.7K – $366.3K
NOI $21,977 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in revitalizing downtown Indio near new developments.
Where is this duplex located?
The property is located at 45741 Smurr Street Indio, CA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Prime location in the heart of downtown Indio, experiencing significant revitalization.; Close proximity to the expanding Boulevard 111 corridor, a hub of cultural and social activity.; Benefit from new infrastructure upgrades and developments, including a new City Hall and library.
