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Property profile & analytics
FOR LEASE
Retail space
72067 Highway 111 Rancho Mirage, CA 92270
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-2879347
For Lease
1 / 26
$1,095,000
72067 Highway 111, Rancho Mirage, CA 92270
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
TILT-UP CONCRETE
Total area
4,587 SF
Lot
0.23 ac (10,018 SF)
Zoning code
PUDC
APN
682-350-001
UPID
US10-2879347
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
$1.12M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Decorators Depot Diversified Interi · 4 yrs held
Decorators Depot Diversified Interi
since 2021
Last sale
$1.1M
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
$1,065,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$940,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,520,000
Current use
WAREHOUSE, STORAGE
$1,355,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$1,255,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $1.10M (Dec 3 2021)
Last sale anchor
$1.10M
Dec 3 2021
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
$239 / 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
$14,737
Tax year 2024
Assessed value
$1,144,440
Assessed 2024
Previous assessed
$1,144,440
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$228,888
Assessed improvement
$915,552
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
4,587 SF
Lot
0.23 ac (10,018 SF)
Zoning code
PUDC
APN
682-350-001
UPID
US10-2879347
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Decorators Depot Diversified Interi
Individual
Mailing address
72067 HWY 111, RANCHO MIRAGE, CA 92270-4962
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2023
—
Decorators Depot Diversified Interi
—
Deed
related
$471,000 · Cdc Small Business Finance Corp
Jan 24, 2023
—
Decorators Depot Diversified Interi
—
Deed
related
$573,040 · Bank Of America NA
Dec 3, 2021
$1,100,000
Decorators Depot Diversified Interi
Vishakha S Shah
Grant Deed
$1,040,000 · Equity Financial Design INC
Jul 30, 2009
$1,200,000
Shah Family Trust
Dechristopher Family Trust
Grant Deed
—
Jul 8, 1997
—
Steven Etal Dechristopher
Dechristopher,steven Etux
Quit Claim Deed
related
—
Jan 1, 1989
$450,000
Dechristopher St.
Birns Noel F
Grant Deed
$450,000 · Birns Noel F
—
—
Dechristopher Trust
—
Deed Of Trust
related
$650,000 · Palm Desert National Bank
—
—
Dechristopher Family Trust
—
Deed Of Trust
related
$200,000 · Palm Desert National Bank
—
—
Dechristopher Family Trust
—
Deed Of Trust
related
$923,749 · Palm Desert National Bank
—
—
Shah Family Trust
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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