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Property profile & analytics
FOR LEASE
Banks
71950 Highway 111 Rancho Mirage, CA 92270
Entity Owned
12-yr Hold
Free & Clear
Property ID
US10-2755435
For Lease
1 / 120
$740,000
71950 Highway 111, Rancho Mirage, CA 92270
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1994
Construction
WOOD
Total area
7,000 SF
Lot
0.81 ac (35,283 SF)
Zoning code
PUDC
APN
682-320-023
UPID
US10-2755435
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
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$740k
Owner & transaction history
111 Bhd Property LLC · 12 yrs held
111 Bhd Property LLC
since 2013
6 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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$106 / 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
$90,919
Tax year 2024
Assessed value
$7,210,949
Assessed 2024
Previous assessed
$7,210,949
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,308,783
Assessed improvement
$5,902,166
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1994
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,000 SF
Lot
0.81 ac (35,283 SF)
Zoning code
PUDC
APN
682-320-023
UPID
US10-2755435
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
1994
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
111 Bhd Property LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 1818, MONROVIA, CA 91017-5818
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2013
$6,000,000
111 Bhd Property LLC
Atc Realty One LLC
Grant Deed
—
Mar 15, 2012
$14,000,000
Atc Realty One LLC
First American Title
Trustees Deed
related
—
Dec 3, 2007
—
Pk 1 Rancho Las Palmas LP
Pan Pacific Rancho Las Palmas LLC
Grant Deed
$24,700,000 · Wells Fargo Bank NA
Sep 23, 1999
$20,200,000
Rancho Las Palmas Center Assn
—
Grant Deed
related
—
Dec 29, 1993
—
Sce
Las Palmas Cente
Grant Deed
related
—
Jan 1, 1989
—
Thomas L Bienek
—
Grant Deed
related
$350,000 · Bank Of California
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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