Property profile

78430 Highway 111 La Quinta, CA 92253

FOR LEASE
Turn key restaurants
Property ID
US09-1715851
7,000 SF 0.66 ac lot Built 2001
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a retail space located at the intersection of Washington Street and Highway 111 in La Quinta, California. It was configured from space previously associated with the Broken Yolk Café and is approximately 2,000 to 2,500 square feet. The space was designed for a bar-focused retail use and may include kitchen facilities suitable for that type of concept. The site is positioned along a high-traffic roadway at the intersection of Washington Street and Highway 111.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2001
Construction WOOD
Total area 7,000 SF
Lot 0.66 ac (28,749 SF)
Zoning code CPS
APN 604-050-044
UPID US09-1715851

Cap rate & NOI

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

Location

78430 Highway 111 La Quinta, CA 92253
La Quinta metro Census 45122 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.57M
Blend (final) Blend
$3.37M

Owner & transaction history

since 2023
Last sale
$3.1M
7 recorded transactions
2023
$3.1M
2021
$2.1M
2014
Price N/A
2014
$1.8M
2010
$1.7M
2007
Price N/A
2001
Price N/A

Zoning & alternative use

CPS · La Quinta, 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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More about this property
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