Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Hoover St Indio, CA 92201

    • Land
    • 3.23 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hoover St

    Lot size
    3.23 lot acres
    Property type
    Land

    Description

    This exceptional 3.23-acre parcel presents a remarkable investment opportunity in Indio, California. Located in a Mixed Use Neighborhood (MUN) zoning area, this property offers significant development potential. Its strategic corner location provides excellent visibility and accessibility, situated adjacent to a Best Western Hotel and Arabian Gardens Mobile Home Park, and surrounded by neighborhood commercial uses. The land's potential is further enhanced by its proximity to Indio's revitalized downtown area, just two miles away. This area boasts recent additions such as the Skyline at Bliss mixed-use apartment project (64 units), several new restaurants, a substantial expansion of the College of the Desert (67,000 sq ft, $75M investment), a new amphitheater, city hall, and library. Indio, the largest city in the Coachella Valley, is renowned as the "City of Festivals," hosting major events like Coachella, Stagecoach, and Desert Trip. This pro-growth environment welcomes new development, making this 3.23-acre lot ideally suited for projects such as apartments (with potential density of 20 to 40 units per acre). The property's APN is 610-280-001. The asking price is $1,100,000. This is a rare chance to acquire a significant land holding in a thriving and rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indio
    County
    Riverside
    State
    California
    Longitude
    -116.238
    Latitude
    33.7298

    Comparable in this City

    • Value Estimation by Request
      7.20 Acres

      Fred Waring Dr & Hoover St

      Land • 7.20 Acres
      0 Fred Waring Dr & Hoover St, Indio, CA 92201
      View Details
    • Value Estimation by Request
      4.22 Acres

      John Nobles & Robidoux St

      Multifamily properties • 72,000 SF
      0 John Nobles & Robidoux St, Indio, CA 92201
      View Details
    • Value Estimation by Request
      8.23 Acres

      Ca-111

      Land • 8.23 Acres
      0 Ca-111, Coachella, CA 92201
      View Details
    • Value Estimation by Request
      0.61 Acres

      44700 Deglet Noor St

      Land • 0.61 Acres
      44700 Deglet Noor St, Indio, CA 92201
      View Details
    • Value Estimation by Request
      42.00 Acres

      Monroe St

      Land • 42.00 Acres
      0 Monroe St, Indio, CA 92201
      View Details
    • Value Estimation by Request
      11.54 Acres

      Madison St

      Land • 11.54 Acres
      0 Madison St, Indio, CA 92201
      View Details

    Similar Nearby for Sale

    • $3,293,136
      7.20 Acres

      Indio Mixed-Use Land Opportunity

      7.2-acre commercial/residential land.
      0 Fred Waring Dr & Hoover St, Indio, CA 92201
      View Details
    • $1,100,000
      3.23 Acres

      Indio Mixed-Use Land Opportunity

      3.23 Acres, Prime Location, High Potential
      0 Hoover St, Indio, CA 92201
      View Details
    • Contact for pricing
      8.23 Acres

      Indio Hwy 111 Development Land

      8.23 acres, prime Indio location. High visibility, mixed-use potential.
      0 Ca-111, Coachella, CA 92201
      View Details
    • Contact for pricing
      42.00 Acres

      Indio Residential Land - 42 Acres

      Prime Indio development opportunity. High-density residential potential.
      0 Monroe St, Indio, CA 92201
      View Details
    • Contact for pricing
      11.54 Acres

      Indio Residential Land Investment

      16 Homes, 44 Lots, 11.54 Acres
      0 Madison St, Indio, CA 92201
      View Details
    • $1,250,000
      1.52 Acres

      Indio Commercial Land Opportunity

      1.52 Acres, Prime Location, High Traffic
      81385 Indio Ca 92201, Indio, CA 92201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Land with Freeway Visibility

      Land available for ground lease or build to suit.
      Varner Rd & Newcastle Dr, Indio, CA 92201
      View Details
    • Contact for pricing
      1 SF

      Hard Corner Fast Food Pad

      Commercial land available for ground lease in Indio, CA.
      45 Nwc Golf Ctr Pky. & Ave, Indio, CA 92201
      View Details
    • Contact for pricing
      10 SF

      Drive-Thru Pad in Busy Center

      Drive-thru pad available in a busy neighborhood center.
      44-100 Jefferson St | Indio, Indio, CA 92201
      View Details
    • $1.10 SF/Yr
      7,789 SF

      Golden Triangle End Cap Unit

      Multi-tenant building with gated parking and easy freeway access.
      82579 Fleming Way, Indio, CA 92201
      View Details
    • New
      $700 /Mo
      300 SF

      Indio Mixed-Use Retail/Office Space

      Retail/office spaces in a mixed-use building, close to amenities.
      82365 Ca-111, Indio, CA 92201
      View Details
    • $1.25 SF/Yr
      1,144 SF

      Indio Office Space Available

      Second floor office space available for rent in Indio.
      45691 Monroe St, Indio, CA 92201
      View Details
    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.
    Hoover St
    Indio, CA 92201
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.