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    41990 Cook St, Unit | Palm Desert Palm Desert, CA 92211

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    For Sale
    $620,000

    Leased office condominium with Fortune 500 tenant in Palm Desert.

    Property size:
    40 SF

    Property Features for 41990 Cook St

    General Information

    Size
    40 SF
    Source: Lee-associates

    Listing Agent: Maggie Montez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Office Condominium Investment Opportunity

    This leased office condominium is located in the central Palm Desert Business Park of the Desert. It features existing medical improvements. The property is currently occupied by a Fortune 500 tenant who has been in the premises for five years and has exercised their first option to extend the lease for five years, subject to a termination right. This presents an opportunity for investors to realize a 7% return while the tenant is in place, with potential upside to negotiate a new lease at a higher rent if the tenant terminates the current lease. The property size is 40 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Maisy S. ... Dentist Thomas C. Kopan, ... Optometrist Beyond the Beat Dance ... Dance Company Jon D. Emberland, ... Optometrist Vintage Design Inc Interior Designer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Pharmacy Gym & Fitness

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

    Similar Places Nearby

    Palm Desert Pet Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3549933
    Latitude
    33.7474536

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    FAQs

    What type of property is this?
    Medical office - Leased office condominium with Fortune 500 tenant in Palm Desert.
    Where is this medical office located?
    The property is located at 41990 Cook St, Unit | Palm Desert Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: - Existing Fortune 500 tenant provides an immediate 7% return on investment.; - Tenant recently exercised option to extend lease for five years.; - Medical improvements already in place.
    (760) 346-2520
    Request Owner's contact information
    41990 Cook St, Unit | Palm Desert Palm Desert, CA 92211
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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
    41990 Cook St, Unit | Palm Desert Palm Desert, CA 92211
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