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Property profile & analytics
FOR SALE
Investment properties
69930 Highway 111 Rancho Mirage, CA 92270
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3299461
For Sale
1 / 2
$450,000
69930 Highway 111, Rancho Mirage, CA 92270
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1987
Construction
TILT-UP CONCRETE
Total area
76,966 SF
Lot
5.85 ac (254,825 SF)
Zoning code
PUDC
APN
689-040-027
UPID
US09-3299461
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
by Request
CAP Approach
CAP
$10.97M
Comparable Approach
Comparable
$13.08M
Blend (final)
Blend
$13.79M
Owner & transaction history
Robert Saul Cohen · 6 yrs held
Robert Saul Cohen
since 2019
7 recorded transactions
Zoning & alternative use
PUDC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,880,000
6.5%
$10,970,000
7%
$10,185,000
Blend value · Realmo final
$13.79M
Range $12.41M – $15.17M · ±10%
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
$179 / 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
$92,548
Tax year 2024
Assessed value
$7,237,361
Assessed 2024
Previous assessed
$7,237,361
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,929,962
Assessed improvement
$5,307,399
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
76,966 SF
Lot
5.85 ac (254,825 SF)
Zoning code
PUDC
APN
689-040-027
UPID
US09-3299461
Jurisdiction
RIVERSIDE
Zoning & alternative use
PUDC · Rancho Mirage, CA
Zoning PUDC · permitted uses
PUDC · Rancho Mirage, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rancho Mirage. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
5.85 ac
Current owner
From public records · entity-resolved
Robert Saul Cohen
Individual
Mailing address
31858 CASTAIC RD #111, CASTAIC, CA 91384-3943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
Robert Saul Cohen
—
Deed
related
$5,000,000 · Commonwealth Business Bank
Nov 22, 2019
$6,750,000
Robert Saul Cohen
Atrium Design Center LLC
Grant Deed
$4,750,000 · Commonwealth Business Bank
May 4, 2018
$2,050,000
Atrium Design Center LLC
Cotter,ruth B
Grant Deed
$1,700,000 · Western Adventist Foundation
May 4, 2018
—
Atrium Design Center LLC
Cotter,james A
Quit Claim Deed
—
Jan 18, 2018
—
Owner Name Unavailable
Cotter,james F
Affidavit Of Death
related
—
Apr 19, 2016
—
James F Cotter
Cotter,james F
Quit Claim Deed
related
$1,000,000 · Tri Counties Bank
Jun 15, 1999
$5,350,000
James F Cotter
Ba Properties INC
Grant Deed
$3,500,000 · Loma Linda University
Sep 12, 1997
$2,755
Ba Properties INC
R M Farmers Market
Trustees Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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