Add Listing
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

    47900 Washington St La Quinta, CA 92253-2209

    • Retail space
    • 14,560 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimations
    $2,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0078701
    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.

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Blue Rhino Exchange Tanks - Walgreens / Propane Supplier
    • Walgreens Shopping Center / Pharmacy
    • FedEx OnSite / Postal Service / Courier Service
    • Walgreens / Pharmacy

    Property Details for 47900 Washington St

    Year built
    2005
    Construction
    TILT-UP CONCRETE
    Lot size
    1.62 lot acres
    Property size
    14,560 SF
    Property type
    Retail space
    APN
    643-200-037
    APU
    643200037

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,972,000
      Market price range: $434k - $2.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    La Quinta
    County
    Riverside
    State
    California
    Longitude
    -116.294
    Latitude
    33.7007
    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
    $100,458
    $3,143,142
    $5,016,733
    $8,159,875
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      78525 Ca-111

      Individual retail properties
      78525 Ca-111, La Quinta, CA 92253
      View Details
    • Value Estimation by Request
      19.12 Acres

      79295 Hwy 111

      STORE, RETAIL OUTLET • 19.12 Acres
      79295 Hwy 111, La Quinta, CA 92253-2060
      View Details
    • Value Estimation
      $890,000
      5,160 SF

      79124 Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 5,160 SF
      79124 Hwy 111, La Quinta, CA 92253-2493
      View Details
    • Value Estimation
      $1,125,000
      6,711 SF

      78446 Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 6,711 SF
      78446 Hwy 111, La Quinta, CA 92253-2065
      View Details
    • Value Estimation
      $4,760,000
      35,000 SF

      79315 Hwy 111

      RETAIL STORES (PERSONAL SERVICES) • 35,000 SF
      79315 Hwy 111, La Quinta, CA 92253-2092
      View Details
    • Value Estimation
      $1,110,000
      5,466 SF

      46480 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 5,466 SF
      46480 Washington St, La Quinta, CA 92253-2399
      View Details

    Similar Nearby for Sale

    • $7,000,000

      La Quinta Development Opportunity

      Prime La Quinta location with development potential.
      78085 Avenida La Fonda, La Quinta, CA 92253
      View Details
    • $300,000

      Established Jewelry and Repair Business

      Reputable watch, clock, and jewelry repair business for sale.
      78134 Calle Tampico, La Quinta, CA 92253
      View Details
    • $1,100,000
      491,792.00 Acres

      La Quinta Residential Land

      11.29 acres of residential land in La Quinta, CA.
      R7E, La Quinta, CA 92253
      View Details
    • $240,000

      Land For Sale

      Land available for sale.
      80 085 N Residence Clb Dr Dr, La Quinta, CA 92253
      View Details
    • Contact for pricing

      Land with Mountain Views

      Land near Trilogy at La Quinta with open country atmosphere.
      N Ave 62 & E Madison St, La Quinta, CA 92253
      View Details
    • $2,500,000
      0.51 Acres

      La Quinta Land Opportunity

      Exceptional homesite in a prestigious golf community.
      Banfield Dr, La Quinta, CA 92253
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,445 SF

      La Quinta Retail End Cap Spaces

      ±3,445 SF Retail Space Available
      79740-79800 Ca-111, La Quinta, CA 92253
      View Details
    • $2 SF/Yr

      La Quinta Office/Retail Space

      Office/retail space in La Quinta with high traffic count.
      47875 Caleo Bay Dr, La Quinta, CA 92253
      View Details
    • $18 SF/Yr
      21,470 SF

      La Quinta Retail Center Investment

      High-traffic retail center in prime La Quinta location
      78525 Ca-111, La Quinta, CA 92253
      View Details
    • $1.50 SF/Yr

      Highway 111 Retail Suites

      Retail and office suites available on Highway 111.
      78-297 Highway 111, La Quinta, CA 92253
      View Details
    • $13 SF/Yr
      79,607 SF

      La Quinta Village Shopping Center

      Prime La Quinta Retail/Medical Space
      50801-50981 Washington St, La Quinta, CA 92253
      View Details
    • $2,350 /Mo

      La Quinta Office Retail Space

      Two-story Mediterranean building with office and retail spaces for rent.
      78370 Ca-111 100, La Quinta, CA 92253
      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.
    47900 Washington St
    La Quinta, CA 92253-2209
    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.
    Sign Up Successful!
    You now have access to more from Realmo!