Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    35900 Monterey Ave Palm Desert, CA 92211

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space with excellent visibility and monument signage available.

    We can help!

    Listing Contact
    Ted Gildea
    Source: Atlanticretail

    Listing Agent: Ted Gildea

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

    Learn more

    Overview

    Anchor Box Retail Opportunity

    This retail property offers an anchor box opportunity with up to 50,000 square feet of space. The property benefits from excellent visibility and monument signage. It is located at the intersection of Monterey Avenue and Gerald Ford Drive, offering convenient left/right-in and right-out access. Traffic counts at this location reach 33,921 ADT on Monterey Avenue.
    Location Intelligence

    Current Use by Public Records

    Installation Services General Contractor Lowe's Garden Center Garden Center Lowe's ProServices Building Supply Lowe's Home Improvement Building Supply Minute Key Locksmith

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3865877
    Latitude
    33.7888636

    Nearby Similar for Sale

    • $4,153,000
      12,870 SF

      Palm Desert Professional Office Building

      Two-story professional building on nearly an acre in Palm Desert.
      74090 El Paseo, Palm Desert, CA 92260
      View Details
    • $995,000
      3,046 SF

      Palm Desert Multifamily Investment Opportunity

      Three-unit property with a house and duplex on corner lot.
      44858 Santa Anita Ave, Palm Desert, CA 92260
      View Details
    • $98,000
      754 SF

      Turnkey Hair Salon Opportunity

      Stylish, fully built-out hair salon in prime location for sale.
      73241 Highway 111, Palm Desert, CA 92260
      View Details
    • $1,725,000
      5,040 SF

      Updated Triplex Investment Opportunity

      Six-unit Palm Desert triplex with extensive renovations and stabilized income.
      44440 Acacia Dr, Palm Desert, CA 92260
      View Details
    • $9,499,000
      4 SF

      Multifamily Community in Palm Desert

      26-unit multifamily community with rental upside in a prime location.
      72805 Parkview Dr, Palm Desert, CA 92260
      View Details
    • $5,967,000
      19,123 SF

      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
      View Details
    • $398,000

      El Paseo Office/Retail Condo

      1,000 SF condo on El Paseo, Palm Desert.
      73350 El Paseo, Palm Desert, CA 92260
      View Details
    • $5,967,000

      Prime Retail on Highway 111

      Street-front retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
      View Details
    • $1,050,000

      Turnkey Medical Office Condo

      3,425 SF Class A medical office condo for sale.
      41990 Cook St, Palm Desert, CA 92211
      View Details
    • $5,967,000
      19,123 SF

      Palm Desert Retail on Highway

      Retail space on major Coachella Valley thoroughfare, CA Hwy 111.
      72261 Highway 111, Palm Desert, CA 92260
      View Details
    • $6,999,000

      Landmark El Paseo Corner Property

      Iconic multi-use property in the heart of El Paseo.
      73640 El Paseo, Palm Desert, CA 92260
      View Details
    • $1,020,000

      Industrial Condo in Palm Desert

      Industrial condo for sale with freeway access and ample parking.
      34300 Gateway Dr, Palm Desert, CA 92211
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with excellent visibility and monument signage available.
    Where is this shopping center located?
    The property is located at 35900 Monterey Ave Palm Desert, CA.
    What are key features of this property?
    This property features: - Up to 50,000 SF anchor box opportunity; - Excellent visibility; - Intersection of Monterey Ave & Gerald Ford Drive
    (617) 369-5914
    Request Owner's contact information
    35900 Monterey Ave Palm Desert, CA 92211
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    35900 Monterey Ave
    Palm Desert, CA 92211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    35900 Monterey Ave Palm Desert, CA 92211
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ted Gildea
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!