Building Details

Year Built 1960

Buildings 2

Tenancy Multi

Listing Agency: Voit Real Estate Services San Diego

Listed By: Spencer Kerrigan · License #CA 01921490 Show Phone

Source: Crexi

Added: May 2 Changed: Oct 6 Last Checked: Oct 20 at 8:45PM

Report an Issue

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 Voit Real Estate Services San Diego

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-building, multi-tenant retail property includes a multi-tenant office/retail building of approximately 2,831 square feet and a freestanding retail building of approximately 338 square feet, all on approximately 13,939 square feet of land. The ownership includes month-to-month leases with two vacant units currently available.

The buildings are situated at the hard corner of Oasis Street and Highway 111 in Indio, California, providing a prominent retail presence along Highway 111.

The offering combines multiple income-producing units with near-term leasing flexibility due to the two vacancies, supported by the property’s existing office/retail configuration across the two buildings.

Key Highlights

• Two‑building multi‑tenant retail/office property on the hard corner of Oasis St and Hwy 111 in Indio, CA
• Approximately 2,831 SF multi‑tenant office/retail building plus an additional freestanding retail building of approximately 338 SF
• About 13,939 SF of land total with a two‑building layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,790

Cap Rate

7.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$995,800 $995.8K

Cap Rate 7%

$711,286 $711.3K

Cap Rate 9%

$553,222 $553.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,169 SF

Gross rent

$72.6K $22.92/SF

− Vacancy

−$6.2K −$1.97/SF

EGI

$66.4K $20.95/SF

− OpEx

−$16.6K −$5.24/SF

NOI

$49.8K $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%

$995,800

Cap Rate 7%

$711,286

Cap Rate 9%

$553,222

Alternative Uses

Best Use

Office B

$711.3K

$622.4K – $829.8K (±1% cap)

NOI $49,790 @ 7.0% cap · market cap 7.97%

Second Best

Retail

$648.9K

$567.8K – $757.1K (±1% cap)

NOI $45,424 @ 7.0% cap · market cap 7.27%

Theoretical Best

Office A

$949.4K

$830.7K – $1.11M (±1% cap)

NOI $66,457 @ 7.0% cap · market cap 10.63%

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

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Grocery & Convenience Store Acupuncture (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,158

Businesses Nearby

Explore this area Business Placement

Demographics for 92201, CA

66,989

Population

26,241

Households

2.6

Avg Household Size

35

Median Age

16%

College-Educated

70%

High-School Grad

16.2 sq mi

ZIP Area

4,135

Density / Sq Mi

$66,663

Median Household Income

$35,527

Median Earnings

$1,349

Median Rent

$372,800

Median Home Value

Market

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

Similar For Sale Nearby

See more

Mixed-Use Property with Duplex

45667 Oasis St, Indio, CA 92201

$963,999

View details

Auto Repair Shop with Service Bays

81780 US Highway 111, Indio, CA 92201

$1,500,000

View details

Indio Industrial Flex Property

45130 Golf Center Parkway G7, Indio, CA 92201

$679,000

5,074 SF

View details

C2-Zoned Triplex with New Unit

45749 Salton Street, Indio, CA 92201

$710,000

1,980 SF

View details

Heavy Industrial Warehouse Condo

G7-45130 Golf Center Pkwy, Indio, CA 92203

$1,269,000

2,469 SF

View details

Auto Shop with Vehicle Lifts

Indio, CA 92240

$480,000

View details

RV Lot with Storage Shed

84136 Ave 44, Unit 201, Indio, CA 92203

$75,000

2,614 SF

View details

Side-by-Side Eight-Unit Apartment Property

45304 Park St, Indio, CA 92201

$1,695,000

0.32 Acres

View details

55+ Community Residence

47685 Prado Way, Indio, CA 92201

$290,000

1,536 SF

View details

Two-Unit Duplex with Assigned Parking

45741 Smurr Street, Indio, CA 92201

$450,000

1,048 SF

View details

Turnkey 55+ Manufactured Home on Owned Land

73-46618 Madison St, Indio, CA 92203

$215,000

1,440 SF

View details

Flex Space With Roll-Up Door

81077 Indio Blvd, Indio, CA 92201

Contact for pricing

2,270 SF

View details

Frequently Asked Questions

What type of property is this?

Office unit - Two-building multi-tenant retail and office property at the corner of Oasis Street and Highway 111 in Indio, CA.

Where is this office unit located?

The property is located at 82674-82690 Highway 111 Indio, CA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Two‑building multi‑tenant retail/office property on the hard corner of Oasis St and Hwy 111 in Indio, CA; Approximately 2,831 SF multi‑tenant office/retail building plus an additional freestanding retail building of approximately 338 SF; About 13,939 SF of land total with a two‑building layout