Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
51351 Avenida Bermudas La Quinta, CA 92253-7412
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3369526
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Construction
WOOD
Total area
772 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R1
APN
773-104-017
UPID
US09-3369526
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
-
Artize Gallery LQ Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Artize Gallery LLC · 5 yrs held
Artize Gallery LLC
since 2021
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
R1 · La Quinta, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 La Quinta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Quinta 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
$500,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $560k (Jul 9 2021)
Last sale anchor
$560k
Jul 9 2021
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
$648 / 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
$7,220
Tax year 2024
Assessed value
$582,624
Assessed 2024
Previous assessed
$582,624
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$218,484
Assessed improvement
$364,140
Applied tax rate
20.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1951
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
772 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R1
APN
773-104-017
UPID
US09-3369526
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · La Quinta, CAZoning R1 · permitted uses
R1 · La Quinta, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1951
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Artize Gallery LLC
Entity
Mailing address
49275 AVENIDA EL NIDO, LA QUINTA, CA 92253-2754
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
$560,000
Artize Gallery LLC
Malia Monroe
Grant Deed
—
Oct 6, 2020
—
Malia Monroe
—
Deed
related
$228,750 · First Bank
Dec 29, 2016
—
Malia Monroe
—
Deed
related
$130,000 · Michele Langley
Dec 15, 2016
—
Monroe,malia Trust
Monroe,malia
Quit Claim Deed
related
$188,400 · Firstbank
Aug 25, 2015
—
Monroe,malia Trust
Mengarelli Fred & G Trust
Grant Deed
—
Jun 30, 2015
—
Monroe,malia Trust
Monroe Malia
Quit Claim Deed
related
—
May 26, 2015
—
Malia Monroe
Sierra Desert Investments LLC
Quit Claim Deed
$130,000 · Damon Mickelson
Jun 11, 2014
—
Sierra Desert Investments LLC
Monroe Malia Trust
Grant Deed
—
May 8, 2014
$131,000
Monroe,malia Trust
City Of La Quinta
Grant Deed
—
—
—
Malia Monroe
—
Deed Of Trust
related
$130,000 · Michele Langley
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 51351 Avenida Bermudas?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
