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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Turn key restaurants
82608 Us Hwy 111 Indio, CA 92201-5634
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2763783
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1966
Construction
TILT-UP CONCRETE
Total area
496 SF
Lot
0.45 ac (19,602 SF)
Zoning code
C2
APN
611-202-015
UPID
US09-2763783
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
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$525k
Owner & transaction history
San Mateo Land Exchange
San Mateo Land Exchange
since 2026
7 recorded transactions
Zoning & alternative use
C2 · Indio, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$510,000
+64.9%
Neighborhood: shopping center
$425,000
+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 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
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Change: +65% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$1,058 / 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
$30,497
Tax year 2024
Assessed value
$2,142,000
Assessed 2024
Previous assessed
$2,142,000
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$408,000
Assessed improvement
$1,734,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
496 SF
Lot
0.45 ac (19,602 SF)
Zoning code
C2
APN
611-202-015
UPID
US09-2763783
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
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
San Mateo Land Exchange
Individual
Mailing address
73301 FRED WARING DR STE #200, PALM DESERT, CA 92260-2886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 9, 2026
$2,325,000
San Mateo Land Exchange
Gillette Fund LLC
Grant Deed
—
Jan 19, 2023
—
Gillette Fund LLC
Dalico Investment Group LLC
Grant Deed
—
Dec 15, 2022
$455,000
Dalico Investment Group LLC
Gillette Fund LLC
Grant Deed
—
Aug 18, 2022
—
Gillette Fund LLC
—
Deed
related
$1,800,000 · First Bank
Jul 19, 2022
$2,100,000
Gillette Fund LLC
Lawrence P Langner
Grant Deed
—
Feb 16, 2017
—
Anderson,sandra L Trust
Pellegrini Earl Trust
Quit Claim Deed
related
—
Feb 8, 2016
—
Pellegrini,earl Trust
Pellegrini Living Trust
Quit Claim Deed
related
—
Jan 28, 2016
—
Sandra L Anderson
Pellegrini,helen L & Earl M
Affidavit Of Death
related
—
Dec 31, 2009
—
Langner L & M Living Trust
L & M Trust
Quit Claim Deed
—
Jun 1, 1991
$650,000
Rocco Dilucchio
Unknown
Grant Deed
—
Oct 1, 1988
$148,000
Baker Cecil E
Hubbard Helen S
Quit Claim Deed
related
—
—
—
Langner L & M Living Trust
—
Deed Of Trust
related
$600,000 · Fellington Living Trust (lt)
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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