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    11940 Palm Dr Desert Hot Springs, CA 92240

    For Sale
    $1,399,000

    Commercial Sale - Desert Hot Springs, CA

    Property size:
    5,328 SF
    Days on Market:
    162
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 11940 Palm Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    639293029
    Size
    5,328 SF

    Building Details

    Year built
    1985
    Architectural style
    Other

    West Shores Realty (310) 541-8000 [email protected]

    Listing agent Amie Shepard (310) 541-8000

    Listing date Jul 7, 2025

    MLS# SB25151504 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Desert Hot Springs Opportunity

    Located on the corner of Palm and Pierson in Downtown Desert Hot Springs, this two-story, 5,328 square foot building is situated in the Commercial Downtown zone and is suitable for a range of uses, including creative office space, wellness center, event venue, or boutique retail concept. The area is experiencing a revival due to new construction homes. The property has 19 parking spaces. It is fully approved for all cannabis uses, including retail, cultivation, and distribution, with licensing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OnTrac Drop Box Logistics Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Desert Hot Springs
    County
    Riverside
    State
    California
    Longitude
    -116.5010551
    Latitude
    33.961658

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    FAQs

    What type of property is this?
    Retail space - Two-story, 5,328 SF building suitable for various uses.
    Where is this retail space located?
    The property is located at 11940 Palm Dr Desert Hot Springs, CA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Fully approved for ALL cannabis uses with licensing available.; - Located on the premiere corner of Palm & Pierson, the most visible intersection in Downtown Desert Hot Springs.; - Pro forma cap rate of 6.4%.
    (310) 541-8000
    Request Owner's contact information
    11940 Palm Dr Desert Hot Springs, CA 92240
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    Desert Hot Springs, CA 92240
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    Realmo Value Estimation

    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.

    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.

    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
    11940 Palm Dr Desert Hot Springs, CA 92240
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