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Property profile & analytics
OFF-MARKET
Estimated value
$12,000,000
Strip malls
78520 Hwy 111 La Quinta, CA 92253-2067
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1967313
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Construction
WOOD
Total area
5,301 SF
Lot
2.77 ac (120,661 SF)
APN
604-050-037
UPID
US09-1967313
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
$8.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.42M
Blend (final)
Blend
$12.00M
Owner & transaction history
Milan Lq One Xi LLC · 4 yrs held
Milan Lq One Xi LLC
since 2022
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$12,000,000
ML approach
$8,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10% · vs last sale $11.50M (Jun 29 2022)
Last sale anchor
$11.50M
Jun 29 2022
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
$2,264 / 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
$82,259
Tax year 2024
Assessed value
$6,633,590
Assessed 2024
Previous assessed
$6,633,590
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,883,124
Assessed improvement
$4,750,466
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
1993
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Total area
5,301 SF
Lot
2.77 ac (120,661 SF)
APN
604-050-037
UPID
US09-1967313
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1993
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Lot
2.77 ac
Current owner
From public records · entity-resolved
Milan Lq One Xi LLC
Entity
Free & Clear · 4 yrs held
Mailing address
701 S PARKER ST STE #5300, ORANGE, CA 92868-4749
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$11,500,000
Milan Lq One Xi LLC
Washington Adams Spe LLC
Grant Deed
—
Jun 29, 2022
—
Washington Adams Spe LLC
Washington Adams LLC
Assignment Of Agreement Of Sale
—
Aug 14, 2019
—
Washington Adams Spe LLC
—
Deed
related
—
Jan 16, 2015
—
Washington Adams Spe LLC
Washington Adams LLC
Grant Deed
$11,500,000 · Starwood Mortgage Capital LLC
Mar 7, 2014
—
Washington Adams LLC
Washington Adams LLC
Quit Claim Deed
related
—
Oct 28, 2009
—
Washington Adams LLC
—
Deed Of Trust
related
$5,300,000 · Wells Fargo Bank
—
—
Washington Adams Spe LLC
—
Deed Of Trust
related
—
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.
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