Landscaped
New
For Sale
$875,000
84966 Calle Verde, Coachella, CA 92236
Three residential units occupy a corner parcel with established fruit trees.
Property Size2,500 SF
Lot Size0.18 Acres
Price / SF$350
Days on Market1
Property Features for 84966 Calle Verde
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.18 Acres
Property subtype
Investment
Additional Details
Multifamily Units
3
Amenities
landscaping
Building Details
Year Built
1945
Stories
1
Units
3
Listing Agency:
Berkshire Hathaway HomeServices California Properties
Listed By:
Maria Estela Ferreira · License #D72025
(760) 404-8545
Source:
Elliman
Added: Sep 24
Last Checked: Sep 24 at 2:42PM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This three-unit residential property was built in 1945 and contains 2,500 square feet of developed space on a 7,841-square-foot corner lot. Mature landscaping includes several types of fruit trees.
Located at 84966 Calle Verde in Coachella, the property sits across from Sun Community US Bank. Walk Score is 75 and Bike Score is 52.
Located at 84966 Calle Verde in Coachella, the property sits across from Sun Community US Bank. Walk Score is 75 and Bike Score is 52.
Key Highlights
- Three‑unit residential property on a corner lot
- 2,500 square feet of developed space on a 7,841‑square‑foot parcel
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,925
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,500
$878.5K
Cap Rate 7%
$627,500
$627.5K
Cap Rate 9%
$488,056
$488.1K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$63.9K $25.56/SF
− Vacancy
−$1.2K −$0.46/SF
EGI
$62.7K $25.10/SF
− OpEx
−$18.8K −$7.53/SF
NOI
$43.9K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,500
Cap Rate 7%
$627,500
Cap Rate 9%
$488,056
Alternative Uses
Best Use
Multifamily LT 5
$627.5K
$549.1K – $732.1K
NOI $43,925 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$578.1K
$505.8K – $674.4K
NOI $40,466 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$749.0K
$655.3K – $873.8K
NOI $52,427 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 92236, CA
42,220
Population
12,629
Households
3.3
Avg Household Size
29
Median Age
6%
College-Educated
57%
High-School Grad
61.9 sq mi
ZIP Area
682
Density / Sq Mi
$67,235
Median Household Income
$35,117
Median Earnings
$1,113
Median Rent
$342,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units occupy a corner parcel with established fruit trees.
Where is this triplex located?
The property is located at 84966 Calle Verde Coachella, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three‑unit residential property on a corner lot; 2,500 square feet of developed space on a 7,841‑square‑foot parcel; Built in 1945
