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Property profile & analytics
FOR LEASE
Retail space
73446 Highway 111 Palm Desert, CA 92260
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3322801
For Lease
1 / 3
$6,490,000
73446 Highway 111, Palm Desert, CA 92260
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
TILT-UP CONCRETE
Total area
5,280 SF
Lot
0.14 ac (6,098 SF)
Zoning code
PC
APN
627-093-019
UPID
US09-3322801
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
$6.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.49M
Owner & transaction history
Eddie R Fischer · 4 yrs held
Eddie R Fischer
since 2021
Last sale
$6.7M
6 recorded transactions
Zoning & alternative use
PC · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+171.2%
Neighborhood: shopping center
$4.5M
+128.1%
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 Palm Desert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Desert 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
$6,435,000
ML approach
$6,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,405,000
Change: +171% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,545,000
Change: +128% · Conversion: Moderate
Blend value · Realmo final
$6.49M
Range $5.84M – $7.14M · ±10% · vs last sale $6.65M (Dec 15 2021)
Last sale anchor
$6.65M
Dec 15 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
$1,229 / 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
$15,554
Tax year 2024
Assessed value
$1,263,044
Assessed 2024
Previous assessed
$1,263,044
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$158,140
Assessed improvement
$1,104,904
Applied tax rate
18.0000
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
1980
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,280 SF
Lot
0.14 ac (6,098 SF)
Zoning code
PC
APN
627-093-019
UPID
US09-3322801
Jurisdiction
RIVERSIDE
Zoning & alternative use
PC · Palm Desert, CA
Zoning PC · permitted uses
PC · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Desert. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Eddie R Fischer
Individual
Mailing address
2020 E ORANGETHORPE AVE, FULLERTON, CA 92831-5327
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
—
Eddie R Fischer
—
Deed
related
$737,000 · The Cheng Family Trust
Dec 15, 2021
$6,650,000
Eddie R Fischer
Village Complex Ltd Partnership
Grant Deed
—
Apr 1, 2020
—
Village Complex LP
—
Deed
related
$2,900,000 · Bank Of The Sierra
Jul 27, 2018
—
Village Complex LP
—
Grant Deed
related
$1,800,000 · Val-chris Invs
Jun 1, 1990
$220,000
Earl Morley JR.
Morley M Earl
Grant Deed
related
$300,000 · First Bank Palm Desert
—
—
Village Complex LP
—
Deed Of Trust
related
$2,900,000 · Bank Of The Sierra
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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