78150 Calle TampicoLa Quinta, CA 92253

Property Details for 78150 Calle Tampico

Lot size

1.02 AC

Property type

Office properties

Property subtype

Office buildings

APN

000-195-972

APU

195972

Description

This exceptional two-story, Class B office building, located at 78150 Calle Tampico, La Quinta, CA 92253, offers 23,278 square feet of versatile space. Built in 1990 and extensively renovated in 2022, the property boasts a fresh exterior finish and paint, updated landscaping, and modern common areas with new tile flooring, LED lighting, and fresh paint. Individual suites have been upgraded with new flooring, paint, lighting, doors, and hardware. The property features 22 suites ranging from a minimum of 109 square feet to a maximum contiguous space of 10,709 square feet, making it ideal for a variety of tenants, including medical professionals, general office users, and service-based businesses. Situated on a 1.02-acre lot, the building provides ample parking with 50 spaces and includes elevators for convenient access. The property is zoned Village Commercial and is located in Riverside County. This is a fantastic opportunity to acquire a well-maintained, updated office building in a desirable location. The property's recent renovations and flexible suite sizes make it an attractive investment for both owner-occupiers and investors seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $12,211,436

  6.5%

  $11,272,094

  7%

  $10,466,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,794,197

  Geo Method

  $15,638,379

• Alternative Use

  Use

  Valuation

  Residential

  $13,977,397

  Hospitality

  $12,803,221

  Educational

  $10,652,129

  Medical

  $11,018,472

  Retail

  $16,569,979

Location Insight

City

La Quinta

County

Riverside

State

California

Latitude

33.6786

Longitude

-116.3

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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