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Property profile & analytics
OFF-MARKET
Estimated value
$3,930,000
Strip malls
71626 Hwy 111 Rancho Mirage, CA 92270-4482
Entity Owned
9-yr Hold
Free & Clear
Property ID
US09-2397841
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
CONCRETE
Total area
25,211 SF
Lot
2.57 ac (111,949 SF)
Zoning code
CPS
APN
684-240-003
UPID
US09-2397841
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
$4.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.93M
Owner & transaction history
Grove Street Properties LLC · 9 yrs held
Grove Street Properties LLC
since 2016
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,300,000
6.5%
$4,890,000
7%
$4,540,000
Blend value · Realmo final
$3.93M
Range $3.54M – $4.32M · ±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
$156 / 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
$39,367
Tax year 2024
Assessed value
$3,061,762
Assessed 2024
Previous assessed
$3,061,762
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,558,609
Assessed improvement
$1,503,153
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Stories
1
Units
13
Total area
25,211 SF
Lot
2.57 ac (111,949 SF)
Zoning code
CPS
APN
684-240-003
UPID
US09-2397841
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
1959
Construction
CONCRETE
Heating
NONE
Stories
1
Units
13
Lot
2.57 ac
Current owner
From public records · entity-resolved
Grove Street Properties LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 1419, CATHEDRAL CITY, CA 92235-1419
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2017
—
111 Rancho Mirage Plaza LLC
—
Deed
related
$2,300,000 · Bank Of Sthrn Ca
Dec 29, 2016
$250,000
Grove Street Properties LLC
Friedman Art & Fran Trust
Grant Deed
—
Dec 29, 2016
—
Friedman,art & Fran Trust
111 Rancho Mirage Plaza LLC
Quit Claim Deed
—
Aug 10, 2012
—
111 Rancho Mirage Plaza LLC
—
Deed Of Trust
related
$2,100,000 · Riversource Life Insurance
Apr 9, 2004
—
111 Rancho Mirage Plaza LLC
—
Deed Of Trust
related
$2,200,000 · East West Bank
Mar 31, 1998
—
111 Rancho Mirage Plaza LLC
—
Deed Of Trust
related
$1,325,000 · Harvest Life Insurance Co
—
—
111 Rancho Mirage Plaza LLC
—
Deed Of Trust
related
$2,300,000 · Bank Of Sthrn Ca
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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