Restaurant Space with Commercial
For Sale
$649,000
12070 Palm Drive, Desert Hot Springs, CA 92240
Commercial Sale, Desert Hot Springs, CA
Property Size3,000 SF
Lot Size0.17 Acres
Price / SF$216.33
Days on Market9
Property Features for 12070 Palm Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
340 - Desert Hot Springs
Standard status
Active
APN
641101003
Size
3,000 SF
Lot size
0.17 Acres
Building Details
Year built
1957
Listing Agency:
Equity Union
(760) 621-0395
Listed By:
Brandy M Nelson
(760) 592-1571
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 28 at 6:06AM
MLS# 219155002
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot restaurant property has a dining room, customer service counter, and commercial kitchen with a hood system, cooking line, stainless prep surfaces, dishwashing area, refrigeration and freezer areas, and dry storage. Multiple restrooms are present, including one with grab bars. The building dates to 1957 and sits on a 0.17-acre lot.
The property is at 12070 Palm Drive in Desert Hot Springs. Exterior features include large front windows, signage, security gates, and stone facade accents. Dining room finishes include wood-look flooring, decorative lighting, and wall murals.
The property is at 12070 Palm Drive in Desert Hot Springs. Exterior features include large front windows, signage, security gates, and stone facade accents. Dining room finishes include wood-look flooring, decorative lighting, and wall murals.
Key Highlights
- 3,000 square feet of restaurant space on a 0.17‑acre lot
- Commercial kitchen includes a hood system, cooking line, prep surfaces, and dishwashing area
- Refrigeration and freezer areas, dry storage, and service access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,827
Cap Rate
5.83%
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 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.7K
$786.4K – $1.05M
NOI $62,912 @ 7.0% cap · market cap 9.69%
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
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 - Dining, food-preparation, and service areas are in place, along with multiple restrooms.
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 $649,000.
What are key features of this property?
This property features: 3,000 square feet of restaurant space on a 0.17‑acre lot; Commercial kitchen includes a hood system, cooking line, prep surfaces, and dishwashing area; Refrigeration and freezer areas, dry storage, and service access
