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    34275 Monterey Ave Rancho Mirage, CA 92270

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    34275 Monterey Ave Rancho Mirage, CA 92270

    View on Map
    • Retail space
    • 45,586 SF
    • 3.50 lot acres
    For Sale
    $9,499,000
    View Listing →
    Rancho Mirage Retail/Education Investment For Sale
    $9,499,000
    45,586 SF

    Rancho Mirage Retail/Education Investment

    Single-tenant building approved for education use in Rancho Mirage.

    34275 Monterey Ave, Rancho Mirage, CA 92270
    View Listing
    Property ID
    US09-0625946
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SJVC Rancho Mirage / Trade School / College
    • Desert Saver CPR / Training Center / Tutoring Service

    Property Details for 34275 Monterey Ave

    Year built
    2003
    Construction
    WOOD
    Lot size
    3.50 lot acres
    Property size
    45,586 SF
    Zone code
    W220
    Property type
    Retail space
    APN
    685-070-012
    APU
    685070012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,470,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.391
    Latitude
    33.7991
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $146,354
    $2,275,657
    $6,660,063
    $8,935,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,325,000
      20,856 SF

      71285 Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 20,856 SF
      71285 Hwy 111, Rancho Mirage, CA 92270-4111
      View Details
    • Value Estimation
      $560,000
      3,925 SF

      71619 Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 3,925 SF
      71619 Hwy 111, Rancho Mirage, CA 92270-4441
      View Details
    • Value Estimation
      $1,240,000
      9,020 SF

      71685 Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 9,020 SF
      71685 Hwy 111, Rancho Mirage, CA 92270-4441
      View Details
    • Value Estimation by Request
      2,710 SF

      71280 Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 2,710 SF
      71280 Hwy 111, Rancho Mirage, CA 92270-4103
      View Details
    • Value Estimation
      $3,030,000
      17,373 SF

      72087 Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 17,373 SF
      72087 Hwy 111, Rancho Mirage, CA 92270-4962
      View Details
    • Value Estimation
      $10,275,000
      102,340 SF

      34249 Monterey Ave

      RETAIL STORES (PERSONAL SERVICES) • 102,340 SF
      34249 Monterey Ave, Rancho Mirage, CA 92270-2701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      45,586 SF

      Rancho Mirage Retail/Education Investment

      Single-tenant building approved for education use in Rancho Mirage.
      34275 Monterey Ave, Rancho Mirage, CA 92270
      View Details
    • $2,199,900
      4,587 SF

      Rancho Mirage Retail/Commercial Building

      Iconic mid-century modern building on Highway 111 in Rancho Mirage.
      72067 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $4,500,000

      Highway 111 Investment Opportunity

      Two contiguous, fully occupied properties on Highway 111 for sale.
      70020-70026 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $2,199,900
      4,587 SF

      Rancho Mirage Retail/Commercial Building

      Iconic mid-century modern building on Highway 111.
      72067 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $3,600,000
      205,603.00 Acres

      Prime Commercial Land Opportunity

      Commercial land on Highway 111, Rancho Mirage. High visibility.
      70265 Highway 111, Rancho Mirage, CA 92270
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Retail/Medical Office Endcap Space

      Prime endcap available for restaurant, retail, or medical office.
      69-020 Ramon Rd, Cathedral City, CA 92270
      View Details
    • $1.50 SF/Yr
      10,880 SF

      Rancho Mirage Retail Space Available

      Retail space in Rancho Mirage with distinctive architecture and parking.
      72-116 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $1,100 /Mo

      Rancho Mirage Retail/Office Space

      Available retail or office space in Rancho Mirage, California.
      69550 Highway 111, Rancho Mirage, CA 92270
      View Details
    • Contact for pricing

      Gelson's Anchored Shopping Center Space

      Retail spaces available in high-profile, Gelson's anchored shopping center.
      36101 Bob Hope Dr, Rancho Mirage, CA 92270
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    • Contact for pricing

      Rancho Mirage Retail Space

      Retail spaces available for lease in Rancho Mirage, CA.
      42240-42540 Bob Hope Dr, Rancho Mirage, CA 92270
      View Details
    View Listing
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    Rancho Mirage, CA 92270
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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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    34275 Monterey Ave, Rancho Mirage, CA, 92270

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