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    72261 Highway 111 Palm Desert, CA 92260

    For Sale
    $5,967,000

    Commercial Sale - Palm Desert, CA

    Property size:
    19,123 SF
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 72261 Highway 111

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    640020055
    Size
    19,123 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Architectural style
    Other

    Realty ONE Group Synergy (562) 696-6515 [email protected]

    Listing agent Richard Park (562) 696-6515 License #01303893

    Listing date Nov 6, 2025

    MLS# PW25255265 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

    Retail Property on Highway 111

    This retail property is situated on a major thoroughfare, California Highway 111, which spans the entire Coachella Valley. The property is located within a daily needs center in the retail epicenter of Coachella Valley, surrounded by a variety of boutiques, thrift stores, and major retailers. Positioned in the heart of Palm Desert, the location is a hub for shopping, dining, and entertainment. Highway 111 is home to many of Palm Desert’s major retailers, including Target, Saks Off Fifth, Bed Bath and Beyond, Marshall’s, TJ Maxx, and Nordstrom Rack. Monterey Avenue, another popular shopping area, features shopping plazas and major retailers like Walmart, Sam’s Club, and Lowe’s. The property is located in an affluent area near country clubs, set against the backdrop of the San Jacinto Mountains, with over 150 golf courses throughout Coachella Valley. Home prices in the area range from $1 million to $40 million. The property has a size of 19123 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.402466
    Latitude
    33.727656

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    FAQs

    What type of property is this?
    Retail space - Retail space in the heart of Palm Desert.
    Where is this retail space located?
    The property is located at 72261 Highway 111 Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $5,967,000.
    What are key features of this property?
    This property features: - Ideally located street front retail on CA Hwy 111, a major thoroughfare.; - Located in the retail epicenter of Coachella Valley.; - Hub location for shopping, dining, and entertainment in Palm Desert.
    (562) 696-6515
    Request Owner's contact information
    72261 Highway 111 Palm Desert, CA 92260
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    Palm Desert, CA 92260
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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
    72261 Highway 111 Palm Desert, CA 92260
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