Warehouse Condominium with Vehicle
New
For Sale
$399,500
108-73660 Dinah Shore Dr, Palm Desert, CA 92211
Air-conditioned storage condominium with gated access, utility connections, and an included hydraulic vehicle lift.
Property Size1,200 SF
Price / SF$332.92
Days on Market7
Property Features for 108-73660 Dinah Shore Dr
General Information
Standard status
Active
Size
1,200 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
23 ft
Warehouse Space
1,200 SF
Conditioned Warehouse
Yes
Amenities
Secure 24/7 Gated Access
Owners' Clubhouse
Shower Facilities
On-Site RV Dump Station
Hydraulic Vehicle Lift Included
Listing Agency:
Desert Pacific Properties
Listed By:
Paula Turner · License #00702492
(760) 360-8200
Source:
Exprealty
Added: Sep 1
Changed: Sep 6
Last Checked: Sep 6 at 2:37PM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This 1,200-square-foot warehouse condominium provides an east-facing 24-by-50-foot configuration with an 18- to 23-foot interior ceiling height. The unit includes an insulated high-lift roll-up door measuring 14 feet high by 14 feet wide, along with a hydraulic vehicle lift. An individual electrical panel, water connection, and utility sink support practical storage and service functions.
The property is approximately one-half mile east of I-10 at Monterey Avenue in Palm Desert. Access is secured around the clock through a gated entry. Shared amenities include an owners' clubhouse, shower facilities, and an on-site RV dump station.
The property is approximately one-half mile east of I-10 at Monterey Avenue in Palm Desert. Access is secured around the clock through a gated entry. Shared amenities include an owners' clubhouse, shower facilities, and an on-site RV dump station.
Key Highlights
- 1,200 SF air‑conditioned storage condominium
- 24' x 50' east‑facing unit
- 14' H x 14' W insulated high‑lift roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,966
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,320
$239.3K
Cap Rate 7%
$170,943
$170.9K
Cap Rate 9%
$132,956
$133.0K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$15.0K $12.48/SF
− Vacancy
−$899 −$0.75/SF
EGI
$14.1K $11.73/SF
− OpEx
−$2.1K −$1.76/SF
NOI
$12.0K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,320
Cap Rate 7%
$170,943
Cap Rate 9%
$132,956
Alternative Uses
Best Use
Warehouse
$170.9K
$149.6K – $199.4K
NOI $11,966 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.5K
$314.6K – $419.4K
NOI $25,165 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
23 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92211, CA
26,403
Population
20,152
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
94%
High-School Grad
14.8 sq mi
ZIP Area
1,784
Density / Sq Mi
$87,682
Median Household Income
$55,647
Median Earnings
$1,903
Median Rent
$535,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MMFA Art Services — 34470 Gateway Dr Suite 100, Palm Desert, CA 92211
- Garage Town — 73660 Dinah Shore Dr, Palm Desert, CA 92211
- Deser Self Storage facility — 72800 Dinah Shore Dr, Palm Desert, CA 92211
- Extra Space Storage — 73230 Varner Rd, Thousand Palms, CA 92276
- Absolute Self Storage — 72450 Varner Rd, Thousand Palms, CA 92276
Frequently Asked Questions
What type of property is this?
Warehouse - Air-conditioned storage condominium with gated access, utility connections, and an included hydraulic vehicle lift.
Where is this warehouse located?
The property is located at 108-73660 Dinah Shore Dr Palm Desert, CA.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 1,200 SF air‑conditioned storage condominium; 24' x 50' east‑facing unit; 14' H x 14' W insulated high‑lift roll‑up door
