81730 Us Highway 111Indio, CA 92201

Property Details for 81730 Us Highway 111

Year built

1974

Construction

WOOD

Lot size

0.84 AC

Property size (Sq ft)

15,525 SF

Zone code

RO

Property type

Investment properties

Property subtype

Live-work space

APN

616-100-012

APU

616100012

Description

This exceptional mixed-use property, located at 81730 US Highway 111 Unit 6, Indio, CA, presents a compelling investment opportunity. The well-established building boasts a strong occupancy rate with numerous long-term tenants, ensuring a consistent income stream. The property features a substantial 0.84-acre lot, including an additional adjacent 60x100 foot commercially-zoned lot, providing ample space and potential for expansion or future development. Front units operate on a modified gross lease structure. Significant improvements have been recently completed, enhancing both the aesthetic appeal and functionality of the building. These upgrades include a brand-new roof, several new air conditioning units, new flooring in multiple units, and fresh paint throughout. Security has been significantly enhanced with the installation of security cameras and gated access to the upper level. A large parking lot located at the rear of the building provides convenient parking for tenants and visitors. The property's prime location on US Highway 111 in Indio, CA, offers excellent visibility and accessibility, making it an ideal investment for both seasoned and emerging commercial real estate investors. The asking price is $1,600,000. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $4,266,898

  6.5%

  $3,938,675

  7%

  $3,657,341

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,723,434

  Geo Method

  $5,464,334

• Alternative Use

  Use

  Valuation

  Residential

  $4,883,957

  Hospitality

  $4,473,678

  Educational

  $3,722,048

  Medical

  $3,850,055

  Retail

  $5,789,852

Location Insight

City

Indio

County

Riverside

State

California

Latitude

33.7108

Longitude

-116.239

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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