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Property profile & analytics
FOR SALE
Strip malls
78982 Highway 111, La Quinta, CA 92253
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2256421
For Sale
1 / 11
Contact for pricing
78982 Highway 111, La Quinta, CA 92253
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
WOOD
Total area
10,580 SF
Lot
1.32 ac (57,499 SF)
APN
643-080-047
UPID
US09-2256421
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Milan Lq One Xi LLC · 3 yrs held
Milan Lq One Xi LLC
since 2022
Last sale
$18.5M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$44,112
Tax year 2024
Assessed value
$3,566,491
Assessed 2024
Previous assessed
$3,566,491
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$910,350
Assessed improvement
$2,656,141
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
For Sale
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,580 SF
Lot
1.32 ac (57,499 SF)
APN
643-080-047
UPID
US09-2256421
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
2005
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Milan Lq One Xi LLC
Entity
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
$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
Aug 17, 2004
—
Lqcw LP
La Quinta Car Wash INC
Grant Deed
$3,487,500 · City Bank
Jan 26, 2004
—
One Eleven La Quinta LLC
—
Grant Deed
related
$11,500,000 · Wells Fargo Bank
Jan 30, 2001
—
La Quinta Car Wash INC
Allen Connection INC
Grant Deed
$1,330,000 · Imperial 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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