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    73950 Alessandro Drive, Palm Desert, CA 92260

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    Commercial Lease - Palm Desert, CA

    Property size:
    12,027 SF
    Added:
    Apr 21, 2025
    Days on Market:
    391
    Last Refresh:
    May 16 at 9:06 pm

    Property Features for 73950 Alessandro Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Interior features
    Elevators
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    627183018
    Size
    12,027 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Architectural style
    Other

    We can help!

    Listing Contact
    Brad Freeman

    Listing agent Brad Freeman License #01329426

    Listing office FREEMAN & ASSOCIATES 9410 SIERRA AVE., Redlands, CA

    Listing date Apr 21, 2025

    MLS# IG25086876 Listing URL

    Copyright © 2026 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.

    HighLights

    • State‑of‑the‑art medical building with existing medical finishes throughout.
    • Includes a ±4,535 square foot ambulatory surgery center.
    • High parking ratio of ±5.0 spaces per 1,000 square feet, meeting Palm Desert's medical requirement.
    • Secure, gated parking with 60 surface stalls (8 covered).
    • Energy‑efficient heating and cooling.
    • Elevator served with accessible elevator installed.

    Overview

    Available for lease are suites on the 1st and 2nd floors of a two-story medical building constructed in 2001. The building has an ambulatory surgery center occupying approximately 4,535 square feet within the total building area of approximately 12,027 square feet. The remaining space is comprised of medical suites. The building provides 60 gated surface parking stalls, with eight covered spaces, resulting in a parking ratio of approximately 5.0 spaces per 1,000 square feet. Constructed in 2001, the building includes medical finishes throughout, featuring two operating rooms, a six-bed post-anesthesia care unit, multiple treatment rooms, an X-ray room, surgical scrub sinks, and a sterile utility room. The building is designed for energy-efficient heating and cooling and has been maintained. Opportunities to lease include 996 SF and 1,311 SF on the 1st Floor, and 1,550 SF and 1,775 SF on the 2nd Floor. The property is located in Palm Desert, CA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aurora Surgery Center Medical Clinic Dr. Craig S. ... Physician Aurora Pain Management Physician Su Stephen MD Physician Simply You Cosmetic ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3745811
    Latitude
    33.7221887

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    FAQs

    What type of property is this?
    Medical Office Space - Medical suites available for lease in Palm Desert, CA.
    Where is this medical office space located?
    The property is located at 73950 Alessandro Drive Palm Desert, CA.
    What are key features of this property?
    This property features: State‑of‑the‑art medical building with existing medical finishes throughout.; Includes a ±4,535 square foot ambulatory surgery center.; High parking ratio of ±5.0 spaces per 1,000 square feet, meeting Palm Desert's medical requirement.
    (661) 201-7868
    We can help!
    Listing Contact
    Brad Freeman
    Real Estate License ID: 01329426
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    73950 Alessandro Drive, Palm Desert, CA 92260
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