Auto Shop with Vehicle
New
For Sale
$480,000
66465 Flora Ave, Desert Hot Springs, CA 92240
An open service area is complemented by a front office or customer waiting space.
Property Size1,755 SF
Days on Market4
Property Features for 66465 Flora Ave
General Information
Standard status
Active
Size
1,755 SF
Property subtype
Industrial
Building Details
Building Size
1,755 SF
Year Built
1969
Listing Agency:
Alticore Realty
Listed By:
INGRID OSORIO · License #01341468
(951) 334-9215
Source:
Elliman
Added: Sep 28
Last Checked: Oct 1 at 11:17AM
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 Alticore Realty
Investment Insights
Based on property information with market context.
This auto shop has an open work area with vehicle lifts, jacks, and hoists for undercarriage service. A front office can serve as a customer waiting area. The property is offered as-is and was built in 1969.
At 66465 Flora Ave in Desert Hot Springs, the property has a Walk Score of 30, Bike Score of 30, and Transit Score of 27.
At 66465 Flora Ave in Desert Hot Springs, the property has a Walk Score of 30, Bike Score of 30, and Transit Score of 27.
Key Highlights
- Open work area includes vehicle lifts, jacks, and hoists
- Front office can function as a customer waiting area
- Built in 1969; offered as‑is
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
$25,156
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
5.24%
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%
$503,120
$503.1K
Cap Rate 7%
$359,371
$359.4K
Cap Rate 9%
$279,511
$279.5K
Market Conditions
NOI Build-Up for 1,755 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
$37.9K $21.60/SF
− Vacancy
−$2.0K −$1.12/SF
EGI
$35.9K $20.48/SF
− OpEx
−$10.8K −$6.14/SF
NOI
$25.2K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /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%
$503,120
Cap Rate 7%
$359,371
Cap Rate 9%
$279,511
Alternative Uses
Best Use
Retail
$359.4K
$314.5K – $419.3K
NOI $25,156 @ 7.0% cap · market cap 5.24%
Second Best
Industrial
$205.9K
$180.2K – $240.2K
NOI $14,412 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$525.8K
$460.1K – $613.4K
NOI $36,804 @ 7.0% cap · market cap 7.67%
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
651
Businesses Nearby
141k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Groceries 28%
Dining 26%
Stater Bros. Markets
Groceries
39,924 visits/mo
0.2 miles
Carl's Jr.
Dining
14,415 visits/mo
0.2 miles
ARCO
Shops & Services
12,944 visits/mo
0.1 miles
Dollar General
Shops & Services
12,489 visits/mo
0.4 miles
Quick Quack Car Wash
Shops & Services
10,917 visits/mo
0.4 miles
Demographics for 92240, CA
40,920
Population
15,977
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
35.7 sq mi
ZIP Area
1,146
Density / Sq Mi
$51,284
Median Household Income
$32,137
Median Earnings
$1,367
Median Rent
$294,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - An open service area is complemented by a front office or customer waiting space.
Where is this auto shop located?
The property is located at 66465 Flora Ave Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Open work area includes vehicle lifts, jacks, and hoists; Front office can function as a customer waiting area; Built in 1969; offered as‑is
