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Property profile & analytics
OFF-MARKET
Estimated value
$6,150,000
Office buildings
72116 Hwy 111 Rancho Mirage, CA 92270-4946
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US10-1993685
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1776
Construction
WOOD
Total area
10,935 SF
Lot
1.08 ac (47,044 SF)
APN
682-380-012
UPID
US10-1993685
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
by Request
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$6.15M
Owner & transaction history
James Murray Kay · 10 yrs held
James Murray Kay
since 2016
7 recorded transactions
Zoning & alternative use
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
$6.15M
Range $5.54M – $6.77M · ±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
$562 / 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
$38,418
Tax year 2024
Assessed value
$2,147,079
Assessed 2024
Previous assessed
$2,147,079
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$980,692
Assessed improvement
$1,166,387
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1776
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,935 SF
Lot
1.08 ac (47,044 SF)
APN
682-380-012
UPID
US10-1993685
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
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
1776
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
James Murray Kay
Individual
Mailing address
PO BOX 584, LA QUINTA, CA 92247-0584
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
May 7, 2021
—
James Murray Kay
—
Deed
related
$709,000 · Firstbank
Sep 8, 2016
—
James Murray Kay
—
Deed
related
$800,000 · Wells Fargo Bank NA
May 31, 2016
$1,675,000
James Murray Kay
Judy Banks Demetriou
Grant Deed
$800,000 · Wells Fargo Bank NA
Jul 28, 2011
—
Demetriou,judy B
Demetriou,jim
Affidavit Of Death
related
—
Feb 2, 2011
—
Demetriou Jim & J B 2010 Trust
Demetriou,jim & Judy B
Quit Claim Deed
related
—
Feb 10, 2006
—
Demetriou Family Trust
Demetriou Family Trust
Quit Claim Deed
related
$1,900,000 · Firstbank/eubank Br
—
—
Demetriou,jim & Judy B Trust
—
Loan Modification
related
$1,327,826 · Firstbank
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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