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Property profile & analytics
OFF-MARKET Estimated value $2,235,000
Office buildings

45691 Monroe St Indio, CA 92201-3939

16,344 SF 0.8 ac lot Built 1980
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US10-3243012
Property summary
AI-generated overview

This exceptional two-story office building, situated in Indio's thriving Coachella Valley submarket, presents a compelling investment opportunity. Boasting a total of 17,287 square feet across 15 units, this Class C property offers multiple tenancy options, with spaces ranging from 933 to 1,400 square feet. Built in 1987, the building features attractive amenities including a brick-laid courtyard ideal for employee and guest use, and ample parking with 121 spaces. Interior finishes include carpet and laminate flooring in restrooms. Each unit benefits from abundant natural light via multiple windows and central air conditioning. Strategically located on Monroe Boulevard near Shadow Palm Avenue, this property enjoys high visibility and traffic, maximizing exposure for any business. Its proximity to numerous shopping centers and convenient access to the 111 Freeway (one minute away) and the 10 Freeway (five minutes away) further enhance its appeal. The property sits on a sizable 34,848-acre lot and is zoned C2. The building's total square footage is 18,106, with a minimum divisible space of 1,400 square feet. The APN is 608-230-015. This is an excellent opportunity to acquire a well-maintained, conveniently located office building in a high-growth area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction WOOD
Total area 16,344 SF
Lot 0.8 ac (34,848 SF)
Zoning code C2
APN 608-230-015
UPID US10-3243012
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
  • Obed Bojorquez Insurance Services Insurance Agency
  • Washington Carl F Counselor Doctor
  • SIATech High School High School
  • Indio WIN Center Youth Opportunity Child Welfare Organization Charitable Organization
  • Senior Wyze Senior Care & Assisted Living Indio CA Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.95M
Blend (final) Blend
$2.24M
Owner & transaction history
Rancho Verde Estates LLC · 9 yrs held
Rancho Verde Estates LLC
since 2016
5 recorded transactions
2016
$785,000
2015
$800,000
2005
$1.8M
2003
$1.0M
1997
$1.1M
Zoning & alternative use
C2 · Indio, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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