New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,100,000
Strip malls
78425 Hwy 111, La Quinta, CA 92253
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0193959
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
WOOD
Total area
24,840 SF
Lot
3.22 ac (140,263 SF)
Zoning code
A2
APN
604-050-059
UPID
US09-0193959
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
$14.39M
Blend (final)
Blend
$15.10M
Owner & transaction history
Nshe Plaza La Quinta LLC · 22 yrs held
Nshe Plaza La Quinta LLC
since 2004
7 recorded transactions
Zoning & alternative use
A2 · La Quinta, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$24.6M
+15.0%
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 La Quinta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Quinta 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$21,380,000
Current use
APARTMENT HOUSE (5+ UNITS)
$24,585,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$15.10M
Range $13.59M – $16.61M · ±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
$608 / 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
$166,716
Tax year 2024
Assessed value
$13,527,271
Assessed 2024
Previous assessed
$13,527,271
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,927,217
Assessed improvement
$10,600,054
Applied tax rate
20.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Total area
24,840 SF
Lot
3.22 ac (140,263 SF)
Zoning code
A2
APN
604-050-059
UPID
US09-0193959
Jurisdiction
RIVERSIDE
Zoning & alternative use
A2 · La Quinta, CA
Zoning A2 · permitted uses
A2 · La Quinta, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Quinta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$21.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.6M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Lot
3.22 ac
Current owner
From public records · entity-resolved
Nshe Plaza La Quinta LLC
Entity
Mailing address
1121 SW SALMON ST, PORTLAND, OR 97205-2000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
40 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2004
—
Nshe Plaza La Quinta LLC
M & H Realty Partners II LP
Grant Deed
$15,000,000 · Harsch Investment Realty LLC
Aug 21, 1991
—
Ishimura,hiroe
Maruko INC
Trustees Deed
$105,278 · General Lease Co
—
—
Kentaro Niwa
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Yoshinori Yamai
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Hideki Kunimasa
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Mitsuo Kawamoto
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Katsuhiko Suzuki
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Masyuki Shimizu
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Kunihir Yamasaki
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Coop Marui
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Takeshi Nakatani
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Yoshiki Okamoto
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Yugen K M Sangyo
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Horoyuki Iwasaki
—
Deed Of Trust
related
$104,167 · General Lease Co
—
—
Yukako Sasaki
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Takesh Sawaguchi
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Kenichi Kato
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Yugen Kaisha
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Atsunob Katayama
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Harsch Investment Realty LLC
—
Deed Of Trust
related
$14,000,000 · Miscellaneous Ins Co
—
—
Toshiaki Honda
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Hiroe Ishimura
—
Deed Of Trust
related
$105,278 · General Lease Co
—
—
Hiroe Ishimura
—
Deed Of Trust
related
$63,333 · General Lease Co
—
—
Miiri Higashi
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Hiromi Kubokawa
—
Deed Of Trust
related
$315,833 · General Lease Co
—
—
Hidehiko Adachi
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Takehiro Terai
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Atsunob Katayama
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Tsugutosh Koyama
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Sadao Matsuo
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Taemi Tange
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Kazuya Tatsuno
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Hiroe Ishimura
—
Deed Of Trust
related
$63,333 · General Lease Co
—
—
Osami Matsui
—
Deed Of Trust
related
$75,000 · General Lease Co
—
—
Hirotaka Okuda
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Mitsuru Takeda
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Yuichi Terachi
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Koju Oyama
—
Deed Of Trust
related
$105,833 · General Lease Co
—
—
Shozo Murakami
—
Deed Of Trust
related
$105,000 · General Lease Co
—
—
Keigo Inoue
—
Deed Of Trust
related
$105,000 · General Lease Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 78425 Hwy 111?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
