Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    69550 Highway 111 Rancho Mirage, CA 92270

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,100 /Mo

    Available retail or office space in Rancho Mirage, California.

    Type:Office/Retail
    Property size:
    12,967 SF
    Added:
    Nov 26, 2025
    Days on Market:
    127
    Last Refresh:
    Apr 1 at 9:44 pm

    Property Features for 69550 Highway 111

    General Information

    Standard status
    Active
    Size
    12,967 SF
    Property subtype
    Office/Retail

    Spaces For Lease

    at 69550 Highway 111 Contact us

    We can help!

    Listing Contact
    Shalyn Montes
    Shalyn Montes

    Listing agent Shalyn Montes License #CalDRE #01844043

    Listing office

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Shalyn Montes

    Overview

    Rancho Mirage Retail/Office Space

    This property in Rancho Mirage, California, offers space suitable for either retail or office use. The property provides a total area of 12967 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.45
    Latitude
    33.7759

    Nearby Similar for Lease

    • $2/mo

      Rancho Mirage Former Bank Building

      Highly visible corner location with multi-suite configuration and ample parking.
      71950 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $2/mo

      Highway 111 Retail Space

      Retail space on Highway 111 near The River.
      71680 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $1.50/mo

      Rancho Mirage Retail Space Available

      Retail space in Rancho Mirage with distinctive architecture and parking.
      72-116 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $1.95/mo

      Move-in Ready Office Space

      Well-maintained office space with covered parking and central valley location.
      41750 Rancho Las Palmas Dr, Building F, Rancho Mirage, CA 92270
      View Details
    • $1.50/mo

      Rancho Mirage Office Space Available

      Improved office suites for rent in a prime location.
      69-730 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $1.40/mo

      Rancho Mirage Professional Office Space

      Professional office space in Rancho Mirage Professional Plaza for lease.
      35900 Bob Hope Dr | Rancho Mirage, CA 92270, CA 92270
      View Details
    • $1.40/mo

      Rancho Mirage Office Space Available

      Office space available for lease in Rancho Mirage, California.
      35-800 Bob Hope Dr., Rancho Mirage, CA 92270
      View Details
    • $3/mo

      Rancho Mirage Neighborhood Retail Space

      Neighborhood center retail space with established tenants, great access.
      40-101 Monterey Ave. | Rancho Mirage, CA 92270, CA 92270
      View Details
    • $22/mo

      Turnkey Office Suite in Rancho

      Turnkey office suite in Rancho Mirage's prestigious Magnesia Falls Plaza.
      72140 Magnesia Falls Dr, Rancho Mirage, CA 92270
      View Details
    • Contact for pricing

      Rancho Mirage Retail Space

      Retail spaces available for lease in Rancho Mirage, CA.
      42240-42540 Bob Hope Dr, Rancho Mirage, CA 92270
      View Details
    • Contact for pricing

      Retail Property in Rancho Mirage

      100% leased retail property on Highway 111.
      72074 Highway 111, Rancho Mirage, CA
      View Details
    • Contact for pricing

      Gelson's Anchored Shopping Center Space

      Retail spaces available in high-profile, Gelson's anchored shopping center.
      36101 Bob Hope Dr, Rancho Mirage, CA 92270
      View Details

    FAQs

    What type of property is this?
    Office units - Available retail or office space in Rancho Mirage, California.
    Where is this office units located?
    The property is located at 69550 Highway 111 Rancho Mirage, CA.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: Retail or office space available.; Located in Rancho Mirage, California.; **High visibility location** ideal for attracting customers.
    (760) 346-2523
    We can help!
    Listing Contact
    Shalyn Montes
    Shalyn Montes
    Real Estate License ID: CalDRE #01844043
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!