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    Indio Office and Retail Center Title is generated by Realmo AI

    82365 US Highway 111, Indio, CA 92201

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    For Sale
    $3,623,700

    Nine-building office and retail center in a prime Indio location.

    Type:Commercial/Industrial
    Property size:
    12,079 SF
    Lot size:
    1.30 Acres
    Price / SF:
    $300/SF
    Added:
    Mar 12, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 5 at 8:50 pm

    Property Features for 82365 US Highway 111

    General Information

    Standard status
    Active
    Size
    12,079 SF
    Lot size
    1.30 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Kee Woon Lee

    Listing agent Kee Woon Lee License #01077991

    Listing office New Star Realty & Investment

    Listing date Mar 12, 2026

    Source Exitrealty

    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 New Star Realty & Investment

    HighLights

    • Prime location in Downtown Indio, suitable for office and retail
    • 12,079 sf nine‑building office and retail center
    • 1.3‑acre land size
    • Walking distance to Indio Mall and Lawson Justice Center
    • Located in the central Coachella Valley, near Palm Springs
    • Attractive business center

    Overview

    This commercial property features a 12,079 square foot office and retail center, comprised of nine buildings situated on a 1.3-acre lot. The property includes two buildings constructed in different years: one spanning 5,310 square feet built in 1979, and another encompassing 6,769 square feet built in 1953. Known as Las Adelfas, this business center is located in Indio, California, between Jackson Street and Monroe Street. Its location offers convenient access to the Indio Mall and the Lawson Justice Center, positioning it as a potentially attractive location for both office and retail businesses. Indio is situated in the central Coachella Valley, approximately 15 miles southeast of Palm Springs.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $2.11M
    NOI $189,781 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.71M
    NOI $189,781 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.80M
    NOI $189,781 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $276.9k $22.92
    − Vacancy −$23.8k −$1.97
    EGI $253.0k $20.95
    − OpEx −$63.3k −$5.24
    NOI $189.8k $15.71
    12,079 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $2.71M
    $2.37M – $3.16M (±1% cap)
    NOI $189,781 @ 7.0% cap · market cap 5.24%
    Second Best
    Retail
    $2.47M
    $2.16M – $2.89M (±1% cap)
    NOI $173,137 @ 7.0% cap · market cap 4.78%
    Theoretical Best
    Office A
    $3.62M
    $3.17M – $4.22M (±1% cap)
    NOI $253,306 @ 7.0% cap · market cap 6.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    • Indio Grand Marketplace — 82227 CA-111, Indio, CA 92201
    • Tyselling Shopping Center — CA-111, Indio, CA 92201
    • Arabia Courtyards — 82451 CA-111, Indio, CA 92201
    • Desert Villa Plaza — 81592 CA-111, Indio, CA 92201
    • Kristen Plaza — 81942 CA-111, Indio, CA 92201

    Location Insight

    • Map
    • Local Demand
    City
    Indio
    County
    Riverside
    State
    California
    Longitude
    -116.227
    Latitude
    33.7143

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    FAQs

    What type of property is this?
    Shopping center - Nine-building office and retail center in a prime Indio location.
    Where is this shopping center located?
    The property is located at 82365 US Highway 111 Indio, CA.
    What is the asking price?
    The asking price for this property is $3,623,700.
    What are key features of this property?
    This property features: Prime location in Downtown Indio, suitable for office and retail; **12,079 sf nine‑building office and retail center**; 1.3‑acre land size
    (714) 994-3377
    We can help!
    Listing Contact
    Kee Woon Lee
    Real Estate License ID: 01077991
    Learn More
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    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.

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