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    79840 Ca-111 La Quinta, CA 92253
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    79840 Ca-111 La Quinta, CA 92253

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    • Lifestyle centers
    • 22,880 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 79840 Ca-111

    Property size
    22,880 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail property, located at 79840 CA-111, La Quinta, CA 92253, offers 22,880 square feet of prime commercial space. The building is situated in a high-traffic area, boasting impressive daily traffic counts of 52,111 vehicles on Highway 111 and 38,329 on Jefferson Street. The property is a power center strategically located on Highway 111, near prominent retailers such as Home Depot and Smart & Final Extra!. Its location across from a major new multi-family and retail development further enhances its visibility and potential. The entire 22,880 square feet is currently vacant and available for lease. Alternatively, the space can be divided into two units, each approximately 11,440 square feet. This presents a unique opportunity for businesses seeking a large, high-visibility location in the affluent resort community of La Quinta, part of the Greater Palm Springs area, known for its strong population density. The minimum divisible space is 11,438 square feet, with a maximum contiguous space of 11,442 square feet. This property presents an unparalleled opportunity for retail success in a highly desirable location. Don't miss this chance to secure a space in this thriving retail hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Quinta
    County
    Riverside
    State
    California
    Longitude
    -116.272
    Latitude
    33.7082

    Comparable in this City

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      $2,010,000
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      78134 Calle Tampico

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    • Value Estimation
      $1,135,000
      6,760 SF

      50949 Washington St

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    • Value Estimation
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      46520 Washington St

      SHOPPING CENTER, STRIP CENTER • 5,283 SF
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    • Value Estimation by Request
      0.37 Acres

      78075 Main St

      SHOPPING CENTER, STRIP CENTER • 0.37 Acres
      78075 Main St, La Quinta, CA 92253-8961
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    • Value Estimation
      $6,935,000
      10,000 SF

      79640 Hwy 111

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      79640 Hwy 111, La Quinta, CA 92253-4504
      View Details

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      La Quinta Village Retail Space

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      Prime Location Retail Opportunity

      High-traffic retail space in well-maintained La Quinta center.
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    • $1.50 SF/Yr

      Highway 111 Retail Suites

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      Retail Center at Highway 111

      Retail spaces and drive-thru opportunity near Costco and EOS Fitness.
      111 And Jefferson St, La Quinta, CA 92253
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      La Quinta Retail Space Available

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    La Quinta, CA 92253
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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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