45691 Monroe StIndio, CA 92201

Property Details for 45691 Monroe St

Year built

1980

Construction

WOOD

Lot size

0.80 AC

Property size (Sq ft)

16,344 SF

Zone code

C2

Property type

Office buildings

APN

608-230-015

APU

608230015

Description

This exceptional two-story office building, situated in Indio's thriving Coachella Valley submarket, presents a compelling investment opportunity. Boasting a total of 17,287 square feet across 15 units, this Class C property offers multiple tenancy options, with spaces ranging from 933 to 1,400 square feet. Built in 1987, the building features attractive amenities including a brick-laid courtyard ideal for employee and guest use, and ample parking with 121 spaces. Interior finishes include carpet and laminate flooring in restrooms. Each unit benefits from abundant natural light via multiple windows and central air conditioning. Strategically located on Monroe Boulevard near Shadow Palm Avenue, this property enjoys high visibility and traffic, maximizing exposure for any business. Its proximity to numerous shopping centers and convenient access to the 111 Freeway (one minute away) and the 10 Freeway (five minutes away) further enhance its appeal. The property sits on a sizable 34,848-acre lot and is zoned C2. The building's total square footage is 18,106, with a minimum divisible space of 1,400 square feet. The APN is 608-230-015. This is an excellent opportunity to acquire a well-maintained, conveniently located office building in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,491,992

  6.5%

  $4,146,454

  7%

  $3,850,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,867,105

  Geo Method

  $5,752,598

• Alternative Use

  Use

  Valuation

  Residential

  $5,141,604

  Hospitality

  $4,709,681

  Educational

  $3,918,399

  Medical

  $4,053,159

  Retail

  $6,095,288

Location Insight

City

Indio

County

Riverside

State

California

Latitude

33.7164

Longitude

-116.234

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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