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    Property profile & analytics

    82632 Us Hwy 111 Indio, CA 92201-5619

    • Office buildings
    • 4,728 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Aug 21, 2024
    $1,100,000
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    7.2%
    Office buildings
    Location Intelligence
    Property ID
    US09-3695274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 82632 Us Hwy 111

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    4,728 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    611-202-009
    APU
    611202009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,100,000
      ML approach
      $1,100,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,220,000
      7%
      $1,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $956,000
      Market price range: $192k - $956k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,285,000
      Current use
      WAREHOUSE, STORAGE
      $1,195,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indio
    County
    Riverside
    State
    California
    Longitude
    -116.222
    Latitude
    33.7151
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,830
    $145,000
    $955,000
    $1,100,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,235,000
      16,344 SF

      45691 Monroe St

      OFFICE BUILDING • 16,344 SF
      45691 Monroe St, Indio, CA 92201-3939
      View Details
    • Value Estimation
      $2,050,000
      16,344 SF

      45701 Monroe St

      OFFICE BUILDING • 16,344 SF
      45701 Monroe St, Indio, CA 92201-3937
      View Details
    • Value Estimation
      $650,000
      4,000 SF

      45561 Oasis St

      OFFICE BUILDING • 4,000 SF
      45561 Oasis St, Indio, CA 92201-4372
      View Details
    • Value Estimation
      $715,000
      5,440 SF

      45902 Oasis St

      OFFICE BUILDING • 5,440 SF
      45902 Oasis St, Indio, CA 92201-4586
      View Details
    • Value Estimation by Request
      720 SF

      45655 Oasis St

      OFFICE BUILDING • 720 SF
      45655 Oasis St, Indio, CA 92201-4564
      View Details
    • Value Estimation by Request
      1,021 SF

      44967 Oasis St

      OFFICE BUILDING • 1,021 SF
      44967 Oasis St, Indio, CA 92201-4239
      View Details

    Similar Nearby for Sale

    • $3,623,700

      Indio Office and Retail Center

      12,079 SF office and retail center for sale.
      82365 Us Highway 111, Indio, CA 92201
      View Details
    • $3,623,700

      Indio Office and Retail Center

      Nine-building office and retail center in a prime Indio location.
      82365 Us Highway 111, Indio, CA 92201
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    • $3,400,000
      10,657 SF

      Medical Office Building Near Hospital

      Fully leased medical office condos near JFK Memorial Hospital.
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    • Contact for pricing

      Medical Office Condos For Sale

      Fully leased medical office condos on hospital campus for sale.
      81893 Dr Carreon Blvd, Indio, CA 92201
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    • $1,100,000

      Retail/Office Building For Sale

      Retail/office building with 6 of 8 units occupied.
      44349 Jackson St, Indio, CA 92201
      View Details
    • $499,000

      Freestanding Building in Downtown Indio

      Versatile commercial property in revitalized downtown Indio corridor.
      45071 Towne St, Indio, CA 92201
      View Details

    Similar Nearby for Lease

    • $1.25 SF/Yr
      1,144 SF

      Indio Office Space Available

      Second floor office space available for rent in Indio.
      45691 Monroe St, Indio, CA 92201
      View Details
    • $700 /Mo
      300 SF

      Indio Mixed-Use Retail/Office Space

      Retail/office spaces in a mixed-use building, close to amenities.
      82365 Ca-111, Indio, CA 92201
      View Details
    • $1,500 /Mo
      962 SF

      Indio Mixed-Use Retail/Office Building

      Two-story mixed-use building in a prime Indio location.
      81730 Us Highway 111, Indio, CA 92201
      View Details
    • $27 SF/Yr
      108,319 SF

      Heritage Court Shopping Center

      Indio, CA Retail/Office Opportunity
      44100 Jefferson St, Indio, CA 92201
      View Details
    • $2,000 /Mo
      1,000 SF

      Indio Office Space For Rent

      Office space in prime Indio location, available March 1, 2025.
      82590 California 111, Indio, CA 92201
      View Details
    • $2,525 /Mo
      16 SF

      Retail/Office Space on Monroe Street

      Retail or office space with excellent visibility and signage available.
      43430 Monroe St, Indio, CA 92201
      View Details
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    82632 Us Hwy 111
    Indio, CA 92201-5619
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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