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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office buildings
51370 Avenida Bermudas, La Quinta, CA 92253-3014
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0792362
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
3,652 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R1
APN
770-152-011
UPID
US09-0792362
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
-
Thrive Well Suboxone Clinic La Quinta, CA Medical Clinic
-
Essence Arts Art Gallery
-
Desert Vintage Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$940k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Jeffrey Fredericks · 5 yrs held
Jeffrey Fredericks
since 2021
Last sale
$855,000
7 recorded transactions
Zoning & alternative use
R1 · La Quinta, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+8.7%
Medical building
$1.0M
+0.6%
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
$760,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$995,000
Current use
WAREHOUSE, STORAGE
$1,080,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$1,000,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $855k (May 21 2021)
Last sale anchor
$855k
May 21 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
$227 / 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
$11,904
Tax year 2024
Assessed value
$907,332
Assessed 2024
Previous assessed
$907,332
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$180,405
Assessed improvement
$726,927
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
1990
Construction
WOOD
Heating
NONE
Stories
2
Units
5
Total area
3,652 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R1
APN
770-152-011
UPID
US09-0792362
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · La Quinta, CA
Zoning 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
La Quinta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$995,000
WAREHOUSE, STORAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
NONE
Stories
2
Units
5
Lot
0.24 ac
Current owner
From public records · entity-resolved
Jeffrey Fredericks
Individual
Mailing address
28 10TH CT, HERMOSA BEACH, CA 90254-4108
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$855,000
Jeffrey Fredericks
51370 LLC
Grant Deed
$427,500 · Firstbank
Mar 9, 2018
—
Emily Steubs
—
Deed
related
$50,000 · Tecla M Lunak
Nov 25, 2014
$699,000
51370 LLC
Robert J Capetz
Grant Deed
$650,100 · Us Bank NA
May 15, 2007
—
Robert J Capetz
Capetz,christina J
Quit Claim Deed
related
$600,000 · Firstbank
Aug 28, 2001
$525,000
Robert J Capetz
Phyle La Quinta Commercial LLC
Grant Deed
related
$472,500 · Us Bank NA
Oct 19, 1999
—
Gp Pico
Phyle,charles E Etal
Grant Deed
related
—
Nov 15, 1996
$290,000
Phyle Trust
North County Bank
Grant Deed
related
—
Mar 29, 1996
$356,106
North County Bank
Barnes,robert A
Trustees Deed
related
—
Feb 13, 1991
$450,000
Robert A Barnes
Gateway Western
Grant Deed
related
$380,000 · Gateway Western
Jan 1, 1991
$469,510
Gateway Western
Warren D Johnson
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 1, 1989
—
Warren D Johnson
—
Grant Deed
related
$375,000 · Gateway Western
—
—
Emily Steubs
—
Deed Of Trust
related
$50,000 · Tecla M Lunak
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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