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    Palm Desert Multi-Tenant Commercial Building

    73993 Hwy 111 Palm Desert, CA 92260

    Claim this Listing
    For Sale
    $2,950,000

    COMMERCIAL - Palm Desert, CA

    Type:Office
    Property size:
    9,506 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $310/SF
    Added:
    May 7, 2026
    Days on Market:
    67
    Last Refresh:
    Jul 12 at 9:06 am

    Property Features for 73993 Hwy 111

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    627222058
    Size
    9,506 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    2000

    Listing agent Susan Harvey License #00957590

    Listing office Desert Pacific Properties 44267 Monterey Ave Ste. A, La Quinta, CA

    Listing date May 7, 2026

    MLS# 219147555

    Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This 9,506 square foot multi-tenant commercial building is located in Palm Desert. The property is suited for medical or professional use. Situated at the signalized corner of Highway 111 and Portola Ave, the location benefits from high visibility and signage, with an average daily traffic count of 54,071 cars. Onsite covered parking is available. The property is well-maintained and is near El Paseo, a shopping and dining destination with businesses such as Gucci, Restoration Hardware, Louis Vuitton, Mastro's Steakhouse, Anthropologie and Apple. The 6,000 square foot lower level is currently under a month-to-month master lease, presenting a potential opportunity for an owner/user, with tenants on the second level. The property is located in an area with affluent demographics and sits on a 0.27-acre lot.

    Key Highlights

    • Prime location at the signalized corner of Highway 111 and Portola Ave with high traffic count (54,071 average cars per day).
    • Ideal owner/user opportunity with a 6,000 SF lower level available and existing high‑quality tenants on the second level.
    • Well‑maintained 9,506 SF multi‑tenant commercial building suitable for medical/professional use.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $217.9k $22.92
    − Vacancy −$18.7k −$1.97
    EGI $199.1k $20.95
    − OpEx −$49.8k −$5.24
    NOI $149.4k $15.71
    9,506 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.13M
    $1.87M – $2.49M (±1% cap)
    NOI $149,355 @ 7.0% cap · market cap 5.06%
    Second Best
    Healthcare Medical
    $1.38M
    $1.21M – $1.61M (±1% cap)
    NOI $96,654 @ 7.0% cap · market cap 3.28%
    Theoretical Best
    Office A
    $2.85M
    $2.49M – $3.32M (±1% cap)
    NOI $199,349 @ 7.0% cap · market cap 6.76%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Storage Facility Parking Lot & Garage Electrical Service Grocery & Convenience Store Garden Center HVAC Service Pharmacy

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

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    FAQs

    What type of property is this?
    Office building - 9,506 SF multi-tenant building in the heart of Palm Desert.
    Where is this office building located?
    The property is located at 73993 Hwy 111 Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Prime location at the signalized corner of Highway 111 and Portola Ave with high traffic count (54,071 average cars per day).; Ideal owner/user opportunity with a 6,000 SF lower level available and existing high‑quality tenants on the second level.; Well‑maintained 9,506 SF multi‑tenant commercial building suitable for medical/professional use.
    Contact an agent
    (760) 360-8200
    We can help!
    Contact an agent
    Susan Harvey
    Susan Harvey
    Real Estate License ID: 00957590
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