Mixed-Use Corner Property with
For Sale
$1,495,000
51704 - 51710 Harrison St, Coachella, CA 92236
Mixed-use asset with three ground-floor commercial suites, two apartments, and a renovated rear warehouse with separate access and parking.
Property Size6,280 SF
Lot Size0.49 Acres
Days on Market75
Property Features for 51704 - 51710 Harrison St
General Information
Standard status
Active
Size
6,280 SF
Total Parking Spaces
20
Lot size
0.49 Acres
Property subtype
Retail
Zoning
CG
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
6,280 SF
Stories
2
Tenancy
Multi
Listing Agency:
SVN | Vanguard Commercial
Listed By:
Pouya Rostampour · License #CalDRE #02117973
(619) 705-9670
Source:
Svn
Added: Jun 22
Changed: Sep 3
Last Checked: Sep 4 at 3:05AM
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 SVN | Vanguard Commercial
Investment Insights
Based on property information with market context.
This mixed-use corner property is arranged with three ground-floor commercial suites, two second-floor residential apartments, and a recently renovated attached rear warehouse/storage building. The warehouse/storage space includes separate rear access and supports flexible site use alongside the existing retail and professional components.
The property sits on a prominent, signalized corner with street frontage at Cesar Chavez Street and Cairo Street in Coachella’s downtown district. The commercial portion includes a neighborhood-serving CPA office and a restaurant occupying two storefront suites, creating an on-site mix of uses with daily street presence.
Zoned CG (General Commercial), the site offers a combination of commercial frontage, residential units above, and warehouse functionality within a single footprint, supported by dedicated on-site parking.
The property sits on a prominent, signalized corner with street frontage at Cesar Chavez Street and Cairo Street in Coachella’s downtown district. The commercial portion includes a neighborhood-serving CPA office and a restaurant occupying two storefront suites, creating an on-site mix of uses with daily street presence.
Zoned CG (General Commercial), the site offers a combination of commercial frontage, residential units above, and warehouse functionality within a single footprint, supported by dedicated on-site parking.
Key Highlights
- Mixed‑use property on the signalized corner of Cesar Chavez St and Cairo St in Coachella, CA
- 3 ground‑floor commercial suites plus 2 second‑floor residential apartments
- Recently renovated rear warehouse/storage building (~1,500 SF) with separate rear access
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
$98,669
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
6.60%
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%
$1,973,380
$2.0M
Cap Rate 7%
$1,409,557
$1.4M
Cap Rate 9%
$1,096,322
$1.1M
Market Conditions
NOI Build-Up for 6,280 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
$143.9K $22.92/SF
− Vacancy
−$12.4K −$1.97/SF
EGI
$131.6K $20.95/SF
− OpEx
−$32.9K −$5.24/SF
NOI
$98.7K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
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%
$1,973,380
Cap Rate 7%
$1,409,557
Cap Rate 9%
$1,096,322
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,669 @ 7.0% cap · market cap 6.60%
Second Best
Specialty Retail
$1.13M
$989.8K – $1.32M
NOI $79,185 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,697 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 92236, CA
42,220
Population
12,629
Households
3.3
Avg Household Size
29
Median Age
6%
College-Educated
57%
High-School Grad
61.9 sq mi
ZIP Area
682
Density / Sq Mi
$67,235
Median Household Income
$35,117
Median Earnings
$1,113
Median Rent
$342,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use asset with three ground-floor commercial suites, two apartments, and a renovated rear warehouse with separate access and parking.
Where is this mixed-use property located?
The property is located at 51704 - 51710 Harrison St Coachella, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Mixed‑use property on the signalized corner of Cesar Chavez St and Cairo St in Coachella, CA; 3 ground‑floor commercial suites plus 2 second‑floor residential apartments; Recently renovated rear warehouse/storage building (~1,500 SF) with separate rear access
