Restaurant-Ready Commercial
For Sale
Contact for pricing
12070 Palm Drive, Desert Hot Springs, CA 92240
Restaurant-ready buildout with an installed kitchen system and dedicated dining, suited for owner-users or hospitality concepts.
Property Size3,000 SF
Price / SF$233
Days on Market129
Property Features for 12070 Palm Drive
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Zoning
C-2
Investment Type
Owner/User
Additional Details
Business Included
Yes
Commercial Hood
Yes
Building Details
Year Built
1957
Tenancy
Single
Listing Agency:
Equity Union Commercial
Listed By:
Brandy Nelson · License #CA 0147142
(760) 592-1571
Source:
Crexi
Added: Jun 18
Changed: Oct 20
Last Checked: Oct 23 at 5:27AM
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 Commercial
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Investment Insights
Based on property information with market context.
Restaurant-ready commercial property currently operating as Thai Palms Restaurant, with a built-out front-of-house dining area and back-of-house commercial kitchen infrastructure. The interior includes multiple seating arrangements, decorative finishes such as wood-look flooring and blue ceilings, and front-of-house service features including a service/cashier counter, beverage display cooler, customer entry, and takeout or host area. The kitchen includes a hood system, cooking line with fryer/cooking equipment, range, stainless prep surfaces, commercial sinks, dishwashing area, refrigeration/freezer areas, dry storage, and shelving, along with utility areas.
The exterior offers prominent signage, large front windows, security gates, stone façade details, and sidewalk frontage with nearby street parking. The property is positioned along a highly visible commercial corridor within the downtown Desert Hot Springs commercial area.
This space is well suited for a restaurateur or hospitality operator seeking an existing food-service layout with key kitchen and utility components already in place. It may also be of interest to investors purchasing a turn-key restaurant buildout, with the understanding that the buyer must verify zoning, permitted use, square footage, occupancy and seating capacity, ADA compliance, health department requirements, licenses, what equipment is included, and the condition of all building systems.
The exterior offers prominent signage, large front windows, security gates, stone façade details, and sidewalk frontage with nearby street parking. The property is positioned along a highly visible commercial corridor within the downtown Desert Hot Springs commercial area.
This space is well suited for a restaurateur or hospitality operator seeking an existing food-service layout with key kitchen and utility components already in place. It may also be of interest to investors purchasing a turn-key restaurant buildout, with the understanding that the buyer must verify zoning, permitted use, square footage, occupancy and seating capacity, ADA compliance, health department requirements, licenses, what equipment is included, and the condition of all building systems.
Key Highlights
- Restaurant‑ready commercial property with front dining area and back‑of‑house commercial kitchen infrastructure
- Installed hood system, cooking line, fryer/cooking equipment, range, and stainless prep surfaces
- Includes refrigeration/freezer areas, dry storage, shelving, and utility areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,827
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,540
$756.5K
Cap Rate 7%
$540,386
$540.4K
Cap Rate 9%
$420,300
$420.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$3.6K −$1.19/SF
EGI
$50.4K $16.81/SF
− OpEx
−$12.6K −$4.20/SF
NOI
$37.8K $12.61/SF
Area
Riverside County, CA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,540
Cap Rate 7%
$540,386
Cap Rate 9%
$420,300
Alternative Uses
Best Use
Specialty Retail
$540.4K
$472.8K – $630.5K
NOI $37,827 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$351.9K
$308.0K – $410.6K
NOI $24,636 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$898.7K
$786.4K – $1.05M
NOI $62,912 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
ARCO
Shops & Services
12,944 visits/mo
0.4 miles
Dollar General
Shops & Services
9,108 visits/mo
0.3 miles
AutoZone
Shops & Services
6,916 visits/mo
0.4 miles
AMPM
Shops & Services
5,773 visits/mo
0.5 miles
Spectrum
Shops & Services
2,042 visits/mo
0.1 miles
Demographics for 92240, CA
40,920
Population
15,977
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
35.7 sq mi
ZIP Area
1,146
Density / Sq Mi
$51,284
Median Household Income
$32,137
Median Earnings
$1,367
Median Rent
$294,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-ready buildout with an installed kitchen system and dedicated dining, suited for owner-users or hospitality concepts.
Where is this conventional restaurant located?
The property is located at 12070 Palm Drive Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Restaurant‑ready commercial property with front dining area and back‑of‑house commercial kitchen infrastructure; Installed hood system, cooking line, fryer/cooking equipment, range, and stainless prep surfaces; Includes refrigeration/freezer areas, dry storage, shelving, and utility areas
