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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Office buildings
51555 Desert Clb Dr, La Quinta, CA 92253-8963
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3202549
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
6,274 SF
Lot
0.42 ac (18,295 SF)
Zoning code
R1
APN
770-182-001
UPID
US09-3202549
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Pierce Group-desert Club · 5 yrs held
Pierce Group-desert Club
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
R1 · La Quinta, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.9M
+8.7%
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
$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
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.50M (Jan 29 2021)
Last sale anchor
$1.50M
Jan 29 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
$230 / 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
$19,637
Tax year 2024
Assessed value
$1,591,811
Assessed 2024
Previous assessed
$1,591,811
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$318,362
Assessed improvement
$1,273,449
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
2006
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Total area
6,274 SF
Lot
0.42 ac (18,295 SF)
Zoning code
R1
APN
770-182-001
UPID
US09-3202549
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
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.9M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2006
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Pierce Group-desert Club
Entity
Mailing address
838 SW 1ST AVE STE #210, PORTLAND, OR 97204-3320
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
$1,500,000
Pierce Group-desert Club
Kelly Domer Development LLC
Grant Deed
—
Mar 27, 2018
—
Kelly-domer Dev LLC
—
Deed
related
—
Jun 16, 2005
—
Kelly-domer Dev LLC
Kelly,james F
Quit Claim Deed
$1,790,000 · Bank Of Marin
Dec 29, 2003
$402,500
James F Kelly
Eisele-hook,patricia
Grant Deed
—
Jan 1, 1989
$175,000
William J Martin
Johnson Warren D
Grant Deed
$25,000 · Johnson Warren D
Jul 1, 1988
$97,000
Thomas B Sutter
Benchetler John
Grant Deed
—
Jul 1, 1988
—
Warren D Johnson
Sutter Thomas B
Grant Deed
related
—
—
—
James F Kelly
—
Deed Of Trust
related
$250,000 · Bank Of Marin
—
—
Kelly-domer Dev LLC
—
Loan Modification
related
—
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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