Property profile

73196 Hwy 111 Palm Desert, CA 92260

OFF-MARKET
Turn key restaurants
Property ID
US10-2374794
3,078 SF 0.26 ac lot Built 1951
Trust Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1951
Construction TILT-UP CONCRETE
Total area 3,078 SF
Lot 0.26 ac (11,325 SF)
Zoning code C1SP
APN 627-071-042
UPID US10-2374794

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

73196 Hwy 111 Palm Desert, CA 92260-3902
Palm Desert metro Census 45126 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2015
7 recorded transactions
2016
Price N/A
2015
$725,000
2015
Price N/A
2015
$775,496
2013
$950,000
2009
$1.1M
2008
Price N/A

Zoning & alternative use

C1SP · Palm Desert, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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