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Property profile & analytics
OFF-MARKET
Estimated value
$4,535,000
Super regional malls
71800 Hwy 111 Rancho Mirage, CA 92270-4492
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2695188
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Construction
STEEL FRAME
Total area
44,823 SF
Lot
12.07 ac (525,769 SF)
Zoning code
CG
APN
684-440-039
UPID
US09-2695188
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
-
Chakaa Tea Shoppe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$4.54M
Owner & transaction history
Recreational Equipment INC · 2 yrs held
Recreational Equipment INC
since 2024
7 recorded transactions
Zoning & alternative use
CG · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.54M
Range $4.08M – $4.99M · ±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
$101 / 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
$406,343
Tax year 2024
Assessed value
$22,023,468
Assessed 2024
Previous assessed
$22,023,468
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$12,643,215
Assessed improvement
$9,380,253
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Stories
2
Total area
44,823 SF
Lot
12.07 ac (525,769 SF)
Zoning code
CG
APN
684-440-039
UPID
US09-2695188
Jurisdiction
RIVERSIDE
Zoning & alternative use
CG · Rancho Mirage, CA
Zoning CG · permitted uses
CG · 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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
2
Lot
12.07 ac
Current owner
From public records · entity-resolved
Recreational Equipment INC
Entity
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
Recreational Equipment INC
Cheer Land The River LP
Lease
—
Jul 26, 2023
—
Dave & Buster S Of California INC
Cheer Land The River LP
Assignment Of Lease (leasehold Sale)
—
Aug 12, 2019
—
Cheer Land The River LP
—
Grant Deed
related
$45,000,000 · Jp Morgan Chase Bk
Nov 29, 2018
—
Century Theatres INC
—
Deed
related
—
Jun 12, 2014
$65,000,000
Cheer Land River LP
River Retail LLC
Grant Deed
—
Nov 13, 2012
—
River Retail LLC
—
Deed Of Trust
related
$35,000,000 · Bank Of America
Nov 15, 2005
—
River Retail LLC
Rancho Mirage River LLC
Quit Claim Deed
related
—
—
—
Cheer Land The River LP
—
Deed Of Trust
related
$38,190,000 · Private Individual
—
—
Pieros Acqua Pazza
—
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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