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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Banks
40101 Monterey Ave Rancho Mirage, CA 92270-3258
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1856310
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
TILT-UP CONCRETE
Total area
5,000 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CN
APN
682-180-046
UPID
US09-1856310
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Albertsons Bakery Bakery Specialty Food Shop
-
Albertsons Deli Food Market Restaurant
-
Ballinger Septic Plumbing Service
-
Mirage Dental Office Dental Office
-
Truong Tu-Dinh DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$535k
Owner & transaction history
Wp Rancho Mirage LLC · 6 yrs held
Wp Rancho Mirage LLC
since 2019
6 recorded transactions
Zoning & alternative use
CN · Rancho Mirage, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-N (Neighborhood Commercial) Zone. The C-N zoning district is applied to areas appropriate for neighborhood-scale shopping centers compatible with adjacent residential areas, including supermarkets and drugstores on sites generally eight to ten acres in size providing approximately a maximum of eighty thousand to one hundred thousand square feet of gross fl…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
103.73 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rancho Mirage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Mirage submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$107 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$55,933
Tax year 2024
Assessed value
$4,123,989
Assessed 2024
Previous assessed
$4,123,989
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$618,596
Assessed improvement
$3,505,393
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
10
Total area
5,000 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CN
APN
682-180-046
UPID
US09-1856310
Jurisdiction
RIVERSIDE
Zoning & alternative use
CN · Rancho Mirage, CAZoning CN · permitted uses
CN · Rancho Mirage, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-N (Neighborhood Commercial) Zone. The C-N zoning district is applied to areas appropriate for neighborhood-scale shopping centers compatible with adjacent residential areas, including supermarkets and drugstores on sites generally eight to ten acres in size providing approximately a maximum of eighty thousand to one hundred thousand square feet of gross floor area. The C-N zoning district is consistent with the neighborhood commercial land use designation of the general plan; 2.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
103.73 ac
Building & site characteristics
From public records
Year built
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
10
Lot
0.54 ac
Current owner
From public records · entity-resolved
Wp Rancho Mirage LLC
Entity
Free & Clear · 6 yrs held
Mailing address
12265 EL CAMINO REAL STE #100, SAN DIEGO, CA 92130-4097
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2019
$24,478,000
Wp Rancho Mirage LLC
Abs Ca O LLC
Grant Deed
—
Feb 27, 2018
—
Abs Ca-o LLC
—
Deed
related
—
May 13, 2015
$1,630,000
Bank Of Sthrn Ca
Frontier Bk Fsb
Grant Deed
—
Jun 25, 2007
—
Frontier Bank Fsb
Terrin LLC
Grant Deed
—
Aug 1, 2006
—
Terrin LLC
New Albertsons INC
Grant Deed
related
—
Jul 17, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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