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    Property profile & analytics

    78134 Calle Tampico La Quinta, CA 92253-7413

    • Strip malls
    • 12,025 SF
    • 1.36 lot acres
    OFF-MARKET
    Value Estimations
    $2,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3239980
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • As Time Goes By / Clock And Watch Maker / Clock Repair Service
    • Coachella Valley CrossFit / Gym
    • Retro Nouveau La Quinta FLEA Market / Flea Market
    • Park View Plaza / Shopping Mall

    Property Details for 78134 Calle Tampico

    Year built
    2009
    Construction
    WOOD
    Lot size
    1.36 lot acres
    Property size
    12,025 SF
    Zone code
    VC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    770-020-035
    APU
    770020035

    Description

    This thriving Class A retail business, "As Time Goes By," is available for purchase. Located in a 1,634 square foot suite at 78134 Calle Tampico, La Quinta, CA 92253, this well-established watch and jewelry repair store has been operating successfully since 2006. The business boasts a strong reputation for quality service, offering a diverse range of services including full-service repairs for high-end brands like Omega, Rolex, Patek Philippe, and Tag Heuer, as well as vintage and pocket watches, antique clocks, and jewelry sales. A significant inventory of tools, repair parts, and store fixtures is included in the sale. The current owner is willing to provide training to ensure a smooth transition for the buyer. A substantial backlog of customer service requests provides immediate revenue potential. The current lease, in a 1,634 sq ft space, expires September 30, 2025, with a three-year extension option. This presents a unique opportunity to acquire a profitable, well-regarded business in a desirable location. The asking price for this turnkey operation is $300,000. This is a high-demand business with a proven track record of success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,525,000
      6.5%
      $2,335,000
      7%
      $2,165,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,370,000
      Market price range: $451k - $13.5M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Quinta
    County
    Riverside
    State
    California
    Longitude
    -116.301
    Latitude
    33.6793
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,227
    $633,816
    $654,342
    $1,288,158
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,135,000
      6,760 SF

      50949 Washington St

      SHOPPING CENTER, STRIP CENTER • 6,760 SF
      50949 Washington St, La Quinta, CA 92253-2890
      View Details
    • Value Estimation
      $875,000
      5,283 SF

      46520 Washington St

      SHOPPING CENTER, STRIP CENTER • 5,283 SF
      46520 Washington St, La Quinta, CA 92253-2443
      View Details
    • Value Estimation by Request
      0.37 Acres

      78075 Main St

      SHOPPING CENTER, STRIP CENTER • 0.37 Acres
      78075 Main St, La Quinta, CA 92253-8961
      View Details
    • Value Estimation
      $6,935,000
      10,000 SF

      79640 Hwy 111

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      79640 Hwy 111, La Quinta, CA 92253-4504
      View Details
    • Value Estimation
      $3,720,000
      5,298 SF

      78575 Hwy 111

      SHOPPING CENTER, STRIP CENTER • 5,298 SF
      78575 Hwy 111, La Quinta, CA 92253-2083
      View Details
    • Value Estimation by Request
      7,020 SF

      79825 Hwy 111

      SHOPPING CENTER, STRIP CENTER • 7,020 SF
      79825 Hwy 111, La Quinta, CA 92253-6009
      View Details

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      0.51-acre homesite with sweeping views in guard-gated community.
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    Similar Nearby for Lease

    • $13 SF/Yr
      79,607 SF

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      Prime La Quinta Retail/Medical Space
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    • Contact for pricing
      60,000 SF

      Retail Center at Highway 111

      Retail spaces and drive-thru opportunity near Costco and EOS Fitness.
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      View Details
    • Contact for pricing

      Prime Retail Space on Highway

      Commercial space on Highway 111, adjacent to major retailers.
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      View Details
    • $1.50 SF/Yr
      126,684 SF

      Highway 111 Retail Suites

      Retail and office suites available on Highway 111.
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      View Details
    • $1.70 SF/Yr
      300,000 SF

      Highway 111 Retail Center

      Retail center on Highway 111 with newer construction.
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      View Details
    • $1.50 SF/Yr
      32,301 SF

      La Quinta Retail Space Available

      Retail spaces available in La Quinta Cove Retail District.
      78-130 Calle Tampico, La Quinta, CA 92253
      View Details
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    La Quinta, CA 92253-7413
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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