82309 Market StIndio, CA 92201

  • Industrial properties
  • 0.46 AC
For Sale
$7,550,000 View listing

Property Details for 82309 Market St

Lot size
0.46 AC
Zone code
M
Property type
Industrial properties
Property subtype
Other warehouses
APN
611-025-050
APU
611025050

Description

This exceptional 46,220-square-foot industrial property in Indio, California, presents a compelling investment opportunity. Located on a 2.1-acre lot in Riverside County (zip code 92201), this fully occupied (100%) warehouse and manufacturing facility boasts a 6.75% cap rate and is priced at $7,550,000 ($160.10/sq ft). Built in 1989 and zoned for manufacturing, the property features 4 loading docks, including 2 dock-high doors, and a generous 20' to 24' ceiling height. The facility includes 80 parking spaces and a large fenced, gated concrete truck court, ideal for storage and operations. The building comprises approximately 38,120 square feet of warehouse space suitable for distribution, manufacturing, and assembly, complemented by an 8,100-square-foot office area. Its prime location offers easy access to Interstate 10, making it strategically positioned within the thriving Coachella Valley submarket. A 5-year lease is in place, ensuring immediate and reliable income. This property is an excellent choice for investors seeking a stable, high-return industrial asset in a rapidly growing area. The property's size and features make it suitable for a variety of industrial uses. The combination of strong occupancy, favorable location, and a high cap rate makes this a truly attractive investment prospect.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,303,372
    Hospitality
    $5,773,854
    Educational
    $4,803,779
    Medical
    $4,968,988
    Retail
    $7,472,546
82309 Market St, Indio, California

Location Insight

City
Indio
County
Riverside
State
California
Latitude
33.7282
Longitude
-116.229
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
$10,083
$200,792
$614,647
$815,439
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