Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Manufacturing properties
53800 Polk St Coachella, CA 92236-3818
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-1653449
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
WOOD
Total area
12,000 SF
Lot
10 ac (435,600 SF)
Zoning code
MH
APN
763-160-012
UPID
US09-1653449
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
-
Oraway Engineering Engineer
-
Ecco Equipment Corporation (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Crop Production Services Garden Center
-
Anthem Air Conditioning & Plumbing HVAC Service General Contractor
-
86 Diesel Repairs Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$5.00M
Owner & transaction history
Peter Solomon · 1 yrs held
Peter Solomon
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
MH · Coachella, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+178.4%
Auto repair, garage
$5.2M
+93.6%
Retail stores
$4.0M
+48.4%
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 Coachella submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coachella 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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,450,000
Change: +178% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,180,000
Change: +94% · Conversion: Easy
RETAIL STORES
$3,970,000
Change: +48% · Conversion: Moderate
MEDICAL BUILDING
$3,280,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Aug 26 2024)
Last sale anchor
$5.00M
Aug 26 2024
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
$417 / 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
$66,167
Tax year 2024
Assessed value
$5,202,000
Assessed 2024
Previous assessed
$5,202,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,664,640
Assessed improvement
$3,537,360
Applied tax rate
12.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
4
Total area
12,000 SF
Lot
10 ac (435,600 SF)
Zoning code
MH
APN
763-160-012
UPID
US09-1653449
Jurisdiction
RIVERSIDE
Zoning & alternative use
MH · Coachella, CA
Zoning MH · permitted uses
MH · Coachella, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coachella. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.3M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1981
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
4
Lot
10 ac
Current owner
From public records · entity-resolved
Peter Solomon
Individual
Mailing address
53800 POLK ST, COACHELLA, CA 92236-3818
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$2,000,000
Peter Solomon
Zinc Farms Coachella LLC
Trustees Deed
related
—
Oct 21, 2022
—
Zinc Farms Coachella LLC
—
Deed
related
$175,000 · Sagga Trust
Mar 25, 2022
—
Zinc Farms Coachella LLC
—
Deed
related
$6,250,000 · Peter Solomon
Dec 9, 2021
$5,000,000
Zinc Farms Coachella LLC
Peter Solomon
Grant Deed
$5,000,000 · Peter Solomon
Apr 18, 2016
—
Peter Solomon
Peter Solomon INC
Quit Claim Deed
—
Dec 22, 2011
—
Peter Solomon INC
Solomon Peter Trust
Quit Claim Deed
related
—
Aug 4, 2006
—
Solomon Peter Trust
Solomon,peter D
Quit Claim Deed
related
—
Oct 25, 2000
—
Ca Edison Sou
Solomon,peter D Etal
Grant Deed
related
—
Sep 14, 2000
—
Peter Solomon
Solomon,peter Etal
Quit Claim Deed
related
—
Apr 18, 2000
—
Peter Solomon
Solomon,peter
Quit Claim Deed
related
—
Feb 9, 1999
—
Peter Solomon
—
Grant Deed
related
$5,070,000 · Pff Bank & Trust
Jan 13, 1999
—
Peter Solomon
—
Grant Deed
related
$2,457,000 · Pff Bank & Trust
—
—
Peter D Solomon
—
Deed Of Trust
related
$840,000 · Northern Trust Bank Of Ca
—
—
Peter D Solomon
—
Deed Of Trust
related
$250,000 · City National Bank
—
—
Peter D Solomon
—
Deed Of Trust
related
$350,000 · Palm Desert National Bank
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 53800 Polk St?
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.
