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    69930 Highway 111 Rancho Mirage, CA 92270

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    69930 Highway 111 Rancho Mirage, CA 92270

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    • Investment properties
    • 76,966 SF
    • 5.85 lot acres
    For Sale
    $450,000
    View Listing →
    Rancho Mirage Commercial Land Parcel For Sale
    $450,000

    Rancho Mirage Commercial Land Parcel

    0.72 acre commercial land parcel in Rancho Mirage, CA.

    69930 Highway 111, Rancho Mirage, CA 92270
    View Listing
    Property ID
    US09-3299461
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 69930 Highway 111

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    5.85 lot acres
    Property size
    76,966 SF
    Zone code
    PUDC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    689-040-027
    APU
    689040027

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,880,000
      6.5%
      $10,970,000
      7%
      $10,185,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,083,000
      Market price range: $13.1M - $44.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.445
    Latitude
    33.7681
    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
    $92,548
    $1,929,962
    $5,307,399
    $7,237,361
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,230,000
      6,500 SF

      36101 Bob Hope Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 6,500 SF
      36101 Bob Hope Dr, Rancho Mirage, CA 92270-2001
      View Details
    • Value Estimation
      $1,210,000
      4,740 SF

      71740 Hwy 111

      OFFICE/RESIDENTIAL (MIXED USE) • 4,740 SF
      71740 Hwy 111, Rancho Mirage, CA 92270-5002
      View Details
    • Value Estimation by Request
      738 SF

      42370 Rancho Las Palmas Dr

      STORES & APARTMENTS • 738 SF
      42370 Rancho Las Palmas Dr, Rancho Mirage, CA 92270-4371
      View Details
    • Value Estimation
      $1,130,000
      8,590 SF

      70020 Hwy 111

      STORES & APARTMENTS • 8,590 SF
      70020 Hwy 111, Rancho Mirage, CA 92270-2924
      View Details
    • Value Estimation by Request
      349,351 SF

      Rancho Mirage CA Dinah Shr Ave

      Restaurants • 349,351 SF
      Rancho Mirage CA Dinah Shr Ave, Rancho Mirage, CA 92270
      View Details
    • Value Estimation
      $845,000
      3,080 SF

      34150 Rebecca Way

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,080 SF
      34150 Rebecca Way, Rancho Mirage, CA 92270-5800
      View Details

    Similar Nearby for Sale

    • $2,199,900
      4,587 SF

      Rancho Mirage Retail/Commercial Building

      Iconic mid-century modern building on Highway 111 in Rancho Mirage.
      72067 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $3,500,000
      8,276 SF

      Rancho Mirage Medical Office Suites

      Medical office suites for lease near Eisenhower Medical Center.
      35280 Bob Hope Dr, Rancho Mirage, CA 92270
      View Details
    • $4,500,000

      Highway 111 Investment Opportunity

      Two contiguous, fully occupied properties on Highway 111 for sale.
      70020-70026 Highway 111, Rancho Mirage, CA 92270
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr
      10,880 SF

      Rancho Mirage Retail Space Available

      Retail space in Rancho Mirage with distinctive architecture and parking.
      72-116 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $3 SF/Yr

      Retail/Medical Office Endcap Space

      Prime endcap available for restaurant, retail, or medical office.
      69-020 Ramon Rd, Cathedral City, CA 92270
      View Details
    • Contact for pricing

      Turnkey Office Suite in Rancho

      Turnkey office suite in Rancho Mirage's prestigious Magnesia Falls Plaza.
      72140 Magnesia Falls Dr, Rancho Mirage, CA 92270
      View Details
    • $1.40 SF/Yr

      Rancho Mirage Professional Office Space

      Professional office space in Rancho Mirage Professional Plaza for lease.
      35900 Bob Hope Dr, Rancho Mirage, CA 92270
      View Details
    • Contact for pricing

      Retail Property in Rancho Mirage

      100% leased retail property on Highway 111.
      72074 Highway 111, Rancho Mirage, CA 92270
      View Details
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    Rancho Mirage, CA 92270
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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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