Property profile

78134 Calle Tampico 110 La Quinta, CA 92253

FOR SALE
Strip malls
Property ID
US09-3239980
12,025 SF 1.36 ac lot Built 2009
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2009
Construction WOOD
Total area 12,025 SF
Lot 1.36 ac (59,241 SF)
Zoning code VC
APN 770-020-035
UPID US09-3239980

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Gym & Fitness Center
  • (Bike/Boat/Book/etc) Store
  • Shopping Center & Mall

Location

78134 Calle Tampico, Unit 110 La Quinta, CA 92253
La Quinta metro Census 45120 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.34M
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$2.01M

Owner & transaction history

since 2013
2 recorded transactions
2023
Price N/A
2013
Price N/A

Zoning & alternative use

VC · La Quinta, CA
Zoning description

CC, CP, CN, CR, and VC districts and other sites identified on the official zoning map. ( Ord. 602 Exh. A, 2022; Ord. 577 § 1, 2019; Ord. 550 § 1, 2016; Ord. 512 § 1, 2013) 9.110.120 - Mixed Use Overlay District. A. Purp…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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