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

    CA-111 Indio, CA 92201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land for sale across from Jackalope Ranch Restaurant.

    Type:Land
    Added:
    Jul 23, 2024
    Days on Market:
    640
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for CA-111

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Erik Christianson

    Listing agent Erik Christianson License #CA 01475105

    Listing office Hoffman Company

    Listing date Jul 23, 2024

    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 Hoffman Company

    Overview

    Land Near Jackalope Ranch

    This commercial land is located directly across from Jackalope Ranch Restaurant and adjacent to Shield’s Date Gardens and a high-end RV Park. The property had a previously approved project masterplan for a 192-unit/228-bed senior living community and 43,875 square feet of retail/restaurant/office space.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    • $849,900
      73,616 SF

      Prime Commercial Parcel in Indio

      1.69-acre commercial land parcel in a growing Indio corridor.
      Rubidoux Street, Indio, CA 92201
      View Details
    • $8,246,500
      66,116 SF

      Indio Warehouse/Office Facility For Sale

      66,116 SF warehouse/office on 4.46 acres near I-10.
      45585 Commerce St, Indio, CA 92201
      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
    • $315,000
      900 SF

      Indio Mixed-Use Development Opportunity

      Mixed-use property with development potential in a growing area.
      82481 Valencia, Indio, CA 92201
      View Details
    • $199,000

      Turnkey Motorcoach Lot in Indio

      Upgraded motorcoach lot with premium amenities in exclusive Indio resort.
      80394 Avenue 48, 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, Indio, CA 92203
      View Details
    • $1,195,000

      Indio Land with Revitalization Potential

      4+ acre property near downtown Indio with development potential.
      45751 Aladdin Street, Indio, CA 92201
      View Details
    • $175,000

      Corner Lot in Indio, CA

      9,000 sq ft corner lot with CN-20 zoning.
      82180 Valencia, Indio, CA 92201
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale across from Jackalope Ranch Restaurant.
    Where is this commercial land located?
    The property is located at CA-111 Indio, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Reduced Price to $4.5M for As‑Is Close.; Previously Approved Masterplan for 192‑Unit/228‑Bed Senior Living Community.; Approved Masterplan includes **43,875 Sq. Ft. Retail/Restaurant/Office Space.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Erik Christianson
    Real Estate License ID: CA 01475105
    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!