42010 Washington St Bermuda Dunes, CA 92203-9610
Property profile & analytics
42010 Washington St, Bermuda Dunes, CA 92203-9610
- Retail space
- 13,552 SF
- 1.71 lot acres
Property ID
US09-2152304
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 42010 Washington St
- Year built
- 1999
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.71 lot acres
- Zone code
- R32M
- Property type
- Retail space
- APN
- 609-020-038
- APU
- 609020038
Description
This exceptional investment opportunity presents a single-tenant, net-leased Walgreens property situated in the prime Coachella Valley location of Bermuda Dunes, California. The 74,488 square foot building, constructed in 1999, sits on a 1.71-acre lot and boasts 79 parking spaces. The property enjoys a hard corner pad location within the Washington Square shopping center, anchored by prominent retailers including Ralph's, HomeGoods, Jack in the Box, and Big O Tires. This high-traffic location benefits from excellent visibility at the signalized intersection of Washington Street and 42nd Avenue, experiencing a combined daily traffic volume exceeding 60,100 vehicles. The property is zoned C-P-S: Scenic Highway Commercial and features a 100% occupancy rate with Walgreens, a tenant with a 25-year history at this location and a remaining lease term of 5 years. The asking price is $5,516,677, representing a price per square foot of $74.06 and a 6.50% cap rate. The property generates a Net Operating Income (NOI) of $5,516,000. The surrounding area demonstrates strong demographics, with an average household income of approximately $128,000 within a 3-mile radius, projected to increase to ~$147,600 by 2029. This location is centrally positioned in the Coachella Valley, between Palm Desert and Indio, amidst 52 golf courses and numerous high-end resorts and country clubs. The proximity to JFK Memorial Hospital further enhances the property's desirability. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving market. The property's strong tenant history, prime location, and robust demographics make it an attractive investment prospect. No rent bumps are included in the lease. The APN is 609-020-038.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,240,000
- 6.5%
- $2,990,000
- 7%
- $2,775,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,485,000 Current use
- AUTO REPAIR, GARAGE
- $5,850,000 Change: +30% Conversion: Difficult
- WAREHOUSE, STORAGE
- $4,005,000 Change: -11% Conversion: Difficult
- MEDICAL BUILDING
- $3,705,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bermuda Dunes
- County
- Riverside
- State
- California
- Longitude
- -116.303
- Latitude
- 33.7431
- 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
$72,045
$1,100,584
$4,771,698
$5,872,282
-
$0.00
$0.00
$0.00
