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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Turn key restaurants
69640 Hwy 111 Rancho Mirage, CA 92270-2868
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3026862
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1981
Construction
WOOD
Total area
9,032 SF
Lot
1.36 ac (59,241 SF)
Zoning code
CPS
APN
674-490-042
UPID
US10-3026862
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Islamic Society Of The Desert
Islamic Society Of The Desert
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CPS · Rancho Mirage, 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 Rancho Mirage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Mirage 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
$1,690,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.60M (Jul 20 2025)
Last sale anchor
$1.60M
Jul 20 2025
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
$184 / 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
$30,520
Tax year 2024
Assessed value
$1,597,014
Assessed 2024
Previous assessed
$1,597,014
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$983,178
Assessed improvement
$613,836
Applied tax rate
17.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Stories
2
Total area
9,032 SF
Lot
1.36 ac (59,241 SF)
Zoning code
CPS
APN
674-490-042
UPID
US10-3026862
Jurisdiction
RIVERSIDE
Zoning & alternative use
CPS · Rancho Mirage, CAZoning CPS · permitted uses
CPS · Rancho Mirage, 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
1981
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.36 ac
Current owner
From public records · entity-resolved
Islamic Society Of The Desert
Individual
Mailing address
200 S PALM CYN DR, PALM SPRINGS, CA 92262-6312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
$1,600,000
Islamic Society Of The Desert
Vence Ventures LLC
Grant Deed
$750,000 · Bank Of Whittier NA
Jun 25, 2025
—
Vence Ventures LLC
—
Deed
related
$550,000 · Keith O Blinkinsoph
Mar 8, 2022
$1,717,000
Vence Ventures LLC
Fin Co Partners
Grant Deed
—
Aug 16, 2011
—
Fin Of Co Partners
Fin Of Co Partners
Quit Claim Deed
related
$6,500,000 · Thrivent Financial For Luthera
Aug 10, 2005
—
Fin Of Co Partners
University Executive Park LLC
Grant Deed
$3,699,169 · University Executive Park LLC
Jan 20, 2005
—
Cheri S Fraser
Fraser,brian R
Quit Claim Deed
related
—
Jan 3, 2005
—
University Executive Park LLC
501 Asuza LLC
Quit Claim Deed
related
—
Dec 14, 2004
—
501 Azusa LLC
Creative Capital Leasing Group
Quit Claim Deed
related
—
May 28, 2004
—
University Executive Park LLC
Pray,tr
Quit Claim Deed
related
—
Dec 1, 1989
—
Land Intermediar
University Assoc
Trustees Deed
related
—
—
—
Arg Property Management Corp
—
Deed Of Trust
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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