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Property profile & analytics
FOR SALE
Turn key restaurants
78772 Highway 111, La Quinta, CA 92253
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-1151861
For Sale
1 / 11
$7,965,000
78772 Highway 111, La Quinta, CA 92253
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Construction
WOOD
Total area
6,239 SF
Lot
0.56 ac (24,393 SF)
APN
643-080-037
UPID
US09-1151861
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
$9.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.97M
Owner & transaction history
Shake Shack California LLC
Shake Shack California LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+64.9%
Apartment house (5+ units)
$6.2M
+59.4%
Neighborhood: shopping center
$5.4M
+38.7%
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
$9,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,385,000
Change: +65% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,175,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,370,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$7.97M
Range $7.17M – $8.76M · ±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
$1,277 / 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
$31,170
Tax year 2024
Assessed value
$2,530,252
Assessed 2024
Previous assessed
$2,530,252
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$509,796
Assessed improvement
$2,020,456
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2004
Construction
WOOD
Heating
NONE
Stories
2
Total area
6,239 SF
Lot
0.56 ac (24,393 SF)
APN
643-080-037
UPID
US09-1151861
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Shake Shack California LLC
Entity
Free & Clear · 0 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
2025
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
Dec 15, 2025
—
Shake Shack California LLC
Milan Lq One Xi LLC
Deed
—
Jun 29, 2022
—
Hobby Lobby Stores INC
One Eleven La Quinta Spe LLC
Lease
—
Jun 29, 2022
$18,500,000
Milan Lq One Xi LLC
One Eleven La Quinta Spe LLC
Grant Deed
$2,690,000 · Prime Finance Short Duration Holdin
Nov 19, 2021
—
One Eleven La Quinta Spe LLC
—
Deed
related
$20,200,000 · Terracotta Credit Reit LLC
Jan 26, 2004
—
One Eleven La Quinta LLC
—
Trustees Deed
related
$11,500,000 · Wells Fargo Bank
Aug 6, 1999
—
Washington/adams Partnership
—
Deed Of Trust
related
$5,100,000 · Lehman Capital Corp
—
—
Washington Plaza Associates
—
Deed Of Trust
related
$800,000 · Curci Trust #2
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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