Two-Story Office Building with Development
101-74090 El Paseo, Palm Desert, CA 92260
For Sale
$3,999,900
Existing improvements and a buildable parcel provide dual-corridor commercial exposure.
Property Size12,870 SF
Price / SF$310.79
Days on Market152
Property Features for 101-74090 El Paseo
General Information
Standard status
Size
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Land Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Equity Union
(760) 621-0395
Listed By:
Richard MacMillan · License CA #01183445
(760) 574-2299
Source:
Exprealty
Added: Jun 12
Changed: Nov 4
Last Checked: Nov 8 at 11:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
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Investment Insights
Based on property information with market context.
The offering includes a two-story professional office building containing 12,870 SF, together with a vacant buildable parcel within a three-APN assemblage. Existing dedicated parking serves both buildings. The property is identified with D and D-O zoning, providing a defined planning framework for the site.
South-facing frontage along El Paseo is complemented by northern frontage and visibility from Highway 111, a major Coachella Valley commuter and commercial route with traffic counts exceeding approximately 30,000 vehicles per day. The additional parcel has a conceptual development plan showing an approximately 2,500 SF building footprint and up to 4,000 SF of additional two-story retail, office, or medical space, subject to buyer verification and City approvals. The property address is 101-74090 El Paseo, Palm Desert, CA.
South-facing frontage along El Paseo is complemented by northern frontage and visibility from Highway 111, a major Coachella Valley commuter and commercial route with traffic counts exceeding approximately 30,000 vehicles per day. The additional parcel has a conceptual development plan showing an approximately 2,500 SF building footprint and up to 4,000 SF of additional two-story retail, office, or medical space, subject to buyer verification and City approvals. The property address is 101-74090 El Paseo, Palm Desert, CA.
Key Highlights
- Existing 12, 870 SF two‑story professional office building
- Three‑APN assemblage with an additional buildable parcel along El Paseo
- South‑facing El Paseo frontage plus northern frontage on Highway 111
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,209
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,044,180
$4.0M
Cap Rate 7%
$2,888,700
$2.9M
Cap Rate 9%
$2,246,767
$2.2M
Market Conditions
NOI Build-Up for 12,870 SF
Gross rent
$295.0K $22.92/SF
− Vacancy
−$25.4K −$1.97/SF
EGI
$269.6K $20.95/SF
− OpEx
−$67.4K −$5.24/SF
NOI
$202.2K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,044,180
Cap Rate 7%
$2,888,700
Cap Rate 9%
$2,246,767
Alternative Uses
Best Use
Office B
$2.89M
$2.53M – $3.37M
NOI $202,209 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.86M
$3.37M – $4.50M
NOI $269,894 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 92260, CA
31,641
Population
21,659
Households
1.5
Avg Household Size
57
Median Age
38%
College-Educated
92%
High-School Grad
31.3 sq mi
ZIP Area
1,011
Density / Sq Mi
$72,252
Median Household Income
$41,810
Median Earnings
$1,654
Median Rent
$463,500
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Riverside County, CA
Properties on Market for Office buildings in Riverside County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Existing improvements and a buildable parcel provide dual-corridor commercial exposure.
Where is this office building located?
The property is located at 101-74090 El Paseo Palm Desert, CA.
What is the asking price?
The asking price for this property is $3,999,900.
What are key features of this property?
This property features: Existing 12, 870 SF two‑story professional office building; Three‑APN assemblage with an additional buildable parcel along El Paseo; South‑facing El Paseo frontage plus northern frontage on Highway 111
