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    83103 Ave 48 Coachella, CA 92236

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    For Lease
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    Retail/office suites for lease in Coachella neighborhood center.

    Type:Retail, Office
    Property size:
    5,055 SF
    Added:
    Oct 15, 2019
    Days on Market:
    2361
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 83103 Ave 48

    General Information

    Standard status
    Active
    Size
    5,055 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2006

    Spaces For Lease

    at 83103 Ave 48 Contact us

    A3 $2 /Mo

    Size
    1,520 SF
    Type
    Office
    Suite A3 has a large beautiful reception with windows, 4 private offices, 5 workstation...
    show more
    Contact us

    A1 $2 /Mo

    Size
    1,190 SF
    Type
    Retail, Office
    Front lobby area with offices.
    Contact us

    We can help!

    Listing Contact
    Marta Ward Blodgett

    Listing agent Marta Ward Blodgett License #CA 01309501

    Listing office Coldwell Banker Commercial Lyle & Associates

    Listing date Oct 15, 2019

    Source Crexi

    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 Coldwell Banker Commercial Lyle & Associates

    Overview

    Retail and Office Suites Available

    Located in a neighborhood center, retail and office suites are available for lease. The property is zoned C-N (Neighborhood Commercial). Current tenants include Walmart Neighborhood Market, Bank of America, Starbucks, and T-Mobile. Gas station and fast food pads are available for ground lease opportunities. There are three retail/office suites available, totaling 5,055 square feet. Two of the retail suites are currently combined, offering 3,535 square feet, but can be divided for a credit tenant. The property is situated amidst residential communities in Coachella and Indio, at a busy intersection. The surrounding area includes more than 16,001 homes within 2 miles and 57,725 residents within a 2-mile radius, with a diverse population.
    Location Intelligence

    Current Use by Public Records

    Joe’s Sushi The Cabo ... Restaurant The Brothers Nails & Spa Nail Salon Garber Financial Loan Service Jiffy Lube Auto ... Auto Repair Shop Amazon Counter - PostalAnnex+ ... Postal Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Coachella
    County
    Riverside
    State
    California
    Longitude
    -116.2143363
    Latitude
    33.6989713

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      Downtown Coachella Retail Spaces Available

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      Mixed-Use Building in Downtown Coachella

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      Office/Warehouse/Yard Complex For Sale

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      Retail Space For Lease

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    FAQs

    What type of property is this?
    Shopping center - Retail/office suites for lease in Coachella neighborhood center.
    Where is this shopping center located?
    The property is located at 83103 Ave 48 Coachella, CA.
    What are key features of this property?
    This property features: Located in a successful neighborhood center with high‑profile tenants like Walmart, Bank of America, Starbucks, and T‑Mobile.; High‑traffic location at a busy intersection in Coachella/Indio.; Zoned C‑N (Neighborhood Commercial) offering flexibility.
    (310) 493-0580
    We can help!
    Listing Contact
    Marta Ward Blodgett
    Real Estate License ID: CA 01309501
    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.

    More about this property
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