74-830 Highway 111, Indian Wells, CA 92210

Building Details

Year Built 2003 More

Buildings 1 More

Stories 2 More

Building Size 12,625 SF More

Tenancy Multi More

Listing Agency: Lee & Associates - Riverside

Listed By: David Mudge · License CA #01070762 Show Phone

Source: Crexi

Added: Nov 2 Changed: Nov 8 Last Checked: Nov 8 at 5:21PM

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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 Lee & Associates - Riverside

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Investment Insights

Based on property information with market context.

This two-story office building contains 12,625 square feet and sits on approximately 1.11 acres. Built in 2003, it is configured for multiple office tenants and provides a professional setting for business use.

The property is at 74-830 Highway 111 in Indian Wells, California. The surrounding area includes office and retail properties, restaurants, resorts and golf courses.

Key Highlights

• 12,625‑square‑foot office building
• Two‑story, multi‑tenant configuration
• Approximately 1.11‑acre site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$198,360

Cap Rate

5.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,967,200 $4.0M

Cap Rate 7%

$2,833,714 $2.8M

Cap Rate 9%

$2,204,000 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,625 SF

Gross rent

$289.4K $22.92/SF

− Vacancy

−$24.9K −$1.97/SF

EGI

$264.5K $20.95/SF

− OpEx

−$66.1K −$5.24/SF

NOI

$198.4K $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 Rate 5%

$3,967,200

Cap Rate 7%

$2,833,714

Cap Rate 9%

$2,204,000

Alternative Uses

Best Use

Office B

$2.83M

$2.48M – $3.31M (±1% cap)

NOI $198,360 @ 7.0% cap · market cap 5.02%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.78M

$3.31M – $4.41M (±1% cap)

NOI $264,757 @ 7.0% cap · market cap 6.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Building Supply Law Firm Plumbing Service Garden Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Explore this area Business Placement

Demographics for 92210, CA

4,757

Population

5,025

Households

0.9

Avg Household Size

69

Median Age

59%

College-Educated

97%

High-School Grad

14.3 sq mi

ZIP Area

333

Density / Sq Mi

$145,313

Median Household Income

$67,263

Median Earnings

$1,029

Median Rent

$1,002,200

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Riverside County, CA

$388 Jul

$383 Aug

$371 Sep

$385 Oct

Properties on Market for Office buildings in Riverside County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Office building - The multi-tenant office property is located along Highway 111 in Indian Wells.

Where is this office building located?

The property is located at 74-830 Highway 111 Indian Wells, CA.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: 12,625‑square‑foot office building; Two‑story, multi‑tenant configuration; Approximately 1.11‑acre site