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    Property profile & analytics

    51555 Desert Clb Dr La Quinta, CA 92253-8963

    • Office buildings
    • 6,274 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Jan 29, 2021
    $1,500,000
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    7.9%
    Office buildings
    Location Intelligence
    Property ID
    US09-3202549
    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

    • Slim / Specialty Food Shop
    • Carla Mullins at CrossCountry Mortgage | NMLS #286401 / Loan Service / Bank
    • Nancy Cole at CrossCountry Mortgage | NMLS #473720 / Loan Service / Bank
    • Amanda Stacy at CrossCountry Mortgage | NMLS #1868775 / Loan Service / Bank
    • Patricia Hensley at CrossCountry Mortgage | NMLS #273265 / Loan Service / Bank

    Property Details for 51555 Desert Clb Dr

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Property size
    6,274 SF
    Zone code
    R1
    Property type
    Office buildings
    APN
    770-182-001
    APU
    770182001

    Description

    This exceptional Class A office building, constructed in 2006, offers 6,278 square feet of space in a desirable La Quinta location. The property features a striking Spanish/Mediterranean architectural style and is conveniently situated near popular dining establishments like Lavender Bistro and Arnold Palmer's Restaurant, with Old Town La Quinta's retail and restaurant options just a short distance away. The building boasts a total of 18 parking spaces, including 8 covered spaces, supplemented by ample street parking. Currently, a single suite of 1,694 square feet is available for lease, representing the minimum and maximum contiguous space. The building is comprised of one structure with two stories, and while it does not include elevators, it offers easy access and ample parking. The property sits on a 0.46-acre lot and is zoned Village Commercial (APN: 770-182-001), making it ideal for a variety of professional uses. Located in the Inland Empire submarket of Riverside County, California, this property presents a unique opportunity for businesses seeking a prestigious and convenient office space in the heart of La Quinta (92253). The property's address is 51555 Desert Club Drive, La Quinta, CA, with a cross street of Avenue 52.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,335,000
      ML approach
      $1,280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,750,000
      6.5%
      $1,620,000
      7%
      $1,500,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,705,000
      Current use
      WAREHOUSE, STORAGE
      $1,855,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    La Quinta
    County
    Riverside
    State
    California
    Longitude
    -116.302
    Latitude
    33.6739
    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
    $19,637
    $318,362
    $1,273,449
    $1,591,811
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $735,000
      3,771 SF

      51105 Avenida Villa

      OFFICE BUILDING • 3,771 SF
      51105 Avenida Villa, La Quinta, CA 92253-7411
      View Details
    • Value Estimation
      $1,885,000
      7,950 SF

      46050 Washington St

      OFFICE BUILDING • 7,950 SF
      46050 Washington St, La Quinta, CA 92253-2043
      View Details
    • Value Estimation by Request
      17.58 Acres

      78495 Calle Tampico

      OFFICE BUILDING • 17.58 Acres
      78495 Calle Tampico, La Quinta, CA 92253-2839
      View Details
    • Value Estimation
      $670,000
      4,245 SF

      47050 Washington St

      OFFICE BUILDING • 4,245 SF
      47050 Washington St, La Quinta, CA 92253-2629
      View Details
    • Value Estimation
      $675,000
      4,794 SF

      47060 Washington St

      OFFICE BUILDING • 4,794 SF
      47060 Washington St, La Quinta, CA 92253-2633
      View Details
    • Value Estimation
      $3,540,000
      23,440 SF

      43576 Washington St

      OFFICE BUILDING • 23,440 SF
      43576 Washington St, La Quinta, CA 92253-8565
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $1.45 SF/Yr
      24,923 SF

      Ground Floor Office Suite Available

      Office suite featuring reception, offices, work areas, and kitchenette.
      78-900 Avenue 47, La Quinta, CA 92253
      View Details
    • $1.40 SF/Yr

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      Office space with reception, offices, and restrooms available for rent.
      78370 Ca-111 255, 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
    • $2 SF/Yr
      1,200 SF

      La Quinta Office/Retail Space

      Office and retail space available for lease in La Quinta.
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      View Details
    • Contact for pricing
      1,563 SF

      La Quinta Office Space Available

      Second floor office space for rent in La Quinta.
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      View Details
    • $13 SF/Yr
      79,607 SF

      La Quinta Village Shopping Center

      Prime La Quinta Retail/Medical Space
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      View Details
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    La Quinta, CA 92253-8963
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    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
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