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

    81893 Dr Carreon Blvd Indio, CA 92201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,600,000

    8,091 SF fully leased medical office condos on hospital campus.

    Type:General Commercial
    Property size:
    8,091 SF
    Added:
    Jan 25, 2024
    Days on Market:
    809
    Last Refresh:
    Apr 1 at 8:51 pm

    Property Features for 81893 Dr Carreon Blvd

    General Information

    Standard status
    Active
    Size
    8,091 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Listed by Susan Harvey

    Listing agent Listed by Susan Harvey

    Listing office DRE #00957590

    Listing date Jan 25, 2024

    Source Xome

    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 DRE #00957590

    Overview

    Medical Office Condos For Sale

    An 8,091 square foot building, consisting of seven medical office condos, is available for purchase. The property is fully leased and income-producing. It is situated on the JFK Memorial Hospital campus, within Indio's medical corridor. The location offers visibility on Doctor Carreon Boulevard and is surrounded by other medical facilities, including JFK Memorial Hospital, Halo Diagnostics, Quest Diagnostics, Kaiser Permanente, LabCorp, and Desert Oasis Healthcare.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Vet Center Indio — 44199 monroe st, indio, ca 92201

    Map

    City
    Indio
    County
    Riverside
    State
    California
    Longitude
    -116.236
    Latitude
    33.7269

    Nearby Similar for Sale

    • $3,699,000
      14,520 SF

      Indio Heavy Industrial Facility

      1.24 acre industrial property with 14,520 sq. ft. facility.
      81500 Industrial Place, Indio, CA 92201
      View Details
    • $1,325,000
      14,600 SF

      Mobile Home Park Investment Opportunity

      Mobile home park with guaranteed income through 2041.
      40265 Galindo Court, Indio, CA 92203
      View Details
    • $4,700,000
      37,456 SF

      Indio Warehouse and Cold Storage

      37,456 SF warehouse, cold storage, and packing facility on 2.88 acres.
      82219 Market St, Indio, CA 92201
      View Details
    • $4,000,000
      3,844 SF

      Retail Property in Indio, CA

      Retail property available for sale in Indio, California.
      48103 Grapefruit Boulevard, Indio, CA 92236
      View Details
    • $199,000

      Turnkey Motorcoach Lot in Indio

      Upgraded motorcoach lot with premium amenities in exclusive Indio resort.
      80394 Avenue 48 unit: 187, Indio, CA 92201
      View Details
    • $550,000
      1,048 SF

      Indio Duplex: Revitalized Downtown Location

      Duplex in downtown Indio near new city hall and amenities.
      45741 Smurr Street, Indio, CA 92201
      View Details
    • $25,000

      Indio Springs Drive RV Lot

      RV lot in 55+ community with amenities and utilities.
      84250 Indio Springs Drive unit: 456, Indio, CA 92203
      View Details
    • $3,623,700
      12,079 SF

      Indio Office and Retail Center

      Nine-building office and retail center in a prime Indio location.
      82365 US Highway 111, Indio, CA 92201
      View Details
    • $2,150,000
      9,200 SF

      Indio Retail Investment Opportunity

      Fully occupied retail property in a prime Indio location.
      44680 Jackson St, Indio, CA 92201
      View Details
    • Contact for pricing
      4,878 SF

      New Chick-fil-A Investment Property

      New construction Chick-fil-A in Indio, CA with corporate guarantee.
      41902 Jackson St, Indio, CA 92203
      View Details
    • $1,100,000
      6,428 SF

      Retail/Office Building in Indio

      Retail/office building with 6 of 8 units occupied.
      44349 Jackson Street, Indio, CA 92201
      View Details
    • $3,400,000
      10,657 SF

      Medical Office Building Near Hospital

      Fully leased medical office condos near JFK Memorial Hospital.
      81863 Doctor Carreon Boulevard, Indio, CA 92201
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 8,091 SF fully leased medical office condos on hospital campus.
    Where is this medical office space located?
    The property is located at 81893 Dr Carreon Blvd Indio, CA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Located on the JFK Memorial Hospital campus.; Fully leased and income‑producing.; **8,091 SF building consisting of seven medical office condos.**
    (760) 360-8200
    We can help!
    Listing Contact
    Listed by Susan Harvey
    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!