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Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Auto shops
81088 Us Hwy 111 Indio, CA 92201-6664
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2449836
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1998
Construction
TILT-UP CONCRETE
Total area
4,027 SF
Lot
0.81 ac (35,283 SF)
Zoning code
C2
APN
616-080-006
UPID
US09-2449836
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
$3.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$3.84M
Owner & transaction history
Gnr Investment Properties LLC · 3 yrs held
Gnr Investment Properties LLC
since 2022
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C2 · Indio, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+137.1%
Neighborhood: shopping center
$3.5M
+99.4%
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 Indio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indio 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
$3,920,000
ML approach
$3,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,125,000
Change: +137% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,465,000
Change: +99% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±10% · vs last sale $3.76M (Nov 3 2022)
Last sale anchor
$3.76M
Nov 3 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
$954 / 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
$47,632
Tax year 2024
Assessed value
$3,830,099
Assessed 2024
Previous assessed
$3,830,099
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$872,098
Assessed improvement
$2,958,001
Applied tax rate
7.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Total area
4,027 SF
Lot
0.81 ac (35,283 SF)
Zoning code
C2
APN
616-080-006
UPID
US09-2449836
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Indio, CA
Zoning C2 · permitted uses
C2 · Indio, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indio. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
COMMERCIAL (GENERAL)
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Lot
0.81 ac
Current owner
From public records · entity-resolved
Gnr Investment Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 100, HIGHLAND, CA 92346-0100
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
—
Gnr Investment Properties LLC
—
Deed
related
$1,800,000 · Hcn Bank
Nov 3, 2022
$3,755,000
Gnr Investment Properties LLC
Harold L Cherashore
Grant Deed
—
Nov 10, 2015
$2,915,000
Harold L Cherashore
Janm Holdings LLC
Grant Deed
$1,205,000 · Wells Fargo Bank NA
May 20, 2011
$790,000
Joseph A Melville
Melville Family LP
Grant Deed
—
May 20, 2011
—
Janm Holdings LLC
Melville,joseph A & Jana N
Grant Deed
$750,000 · Standard Insurance Co
Dec 3, 2010
$275,000
Melville Family LP
Valindio Partners LLC
Quit Claim Deed
related
$275,000 · Valindio Partners LLC
Jan 4, 2010
$1,750,000
Melville Family LP
Valindio Partners LLC
Grant Deed
$630,000 · Valindio Partners LLC
Sep 6, 2002
$1,075,000
Valindio Partners LLC
Morehead,david W & Sheryl A
Grant Deed
$3,950,000 · Fremont Investment & Loan
May 24, 1996
—
Morehead David W & Sheryl A
—
Grant Deed
related
$695,000 · Heller First Capital
—
—
David W Morehead
—
Deed Of Trust
related
$250,000 · Fischer Trust
—
—
David W Morehead
—
Deed Of Trust
related
$100,000 · Individual
—
—
David W Morehead
—
Deed Of Trust
related
$98,500 · Kwik Industries INC
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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