Highway 111 Stand-Alone
For Sale
$850,000
73120 California 111, Palm Desert, CA 92260
Stand-alone building fronting Highway 111 with ample parking.
Property Size2,782 SF
Price / SF$305.54
Days on Market246
Property Features for 73120 California 111
General Information
Standard status
Active
Size
2,782 SF
Property subtype
Retail/Office Building
Listing Agency:
(760) 218-0103
Listed By:
Fabio Ceresa · License #CalDRE #01304059
(760) 218-0103
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Jul 6
Last Checked: Jul 30 at 5:26AM
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 Fabio Ceresa
Investment Insights
Based on property information with market context.
This stand-alone building, with a size of 2,782 square feet, fronts Highway 111 and is situated on a 10,890 square foot parcel. The property features ample parking and easy access, located near the intersection of Highway 111 and Monterey Avenue. It previously served as a veterinary office, with existing improvements in place.
Key Highlights
- Rare stand‑alone building
- Fronts Highway 111, offering excellent visibility
- Ample parking for customers and staff
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 | $63.8k | $22.92 |
| − Vacancy | −$5.5k | −$1.97 |
| EGI | $58.3k | $20.95 |
| − OpEx | −$14.6k | −$5.24 |
| NOI | $43.7k | $15.71 |
2,782 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$624.4K
$546.4K – $728.5K
NOI $43,710 @ 7.0% cap · market cap 5.14%
Second Best
Retail
$569.7K
$498.5K – $664.6K
NOI $39,877 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$833.4K
$729.3K – $972.4K
NOI $58,341 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
36
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Stand-alone building fronting Highway 111 with ample parking.
Where is this retail space located?
The property is located at 73120 California 111 Palm Desert, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Rare stand‑alone building; Fronts Highway 111, offering excellent visibility; Ample parking for customers and staff
