Auto Shop with Vehicle
For Sale
$480,000
66465 Flora Ave, Indio, CA 92240
An open service area is complemented by a front office or customer waiting space.
Property Size1,755 SF
Days on Market17
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
Changed: Oct 8
Last Checked: Oct 12 at 9:18PM
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 / Yr
$25,156
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- S & S Water Well Drilling-Pump — 64936 Desert View Ave, Desert Hot Springs, CA 92240
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 Indio, 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
