Mixed-Use Property in
12106 Palm Dr, Desert Hot Springs, CA 92240
Multi-use property with retail, office, and residential spaces.
Type:Mixed Use
Property size:
5,486 SFLot size:
0.33 AcresPrice / SF:
$272/SF- Added:
- Mar 6, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 5 at 8:24 pm
Property Features for 12106 Palm Dr
General Information
- Standard status
- Active
- Size
- 5,486 SF
- Lot size
- 0.33 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1974
Listing agent Rob Wenthold License #CalDRE #01153834 (760) 641-7602
Listing office Coldwell Banker Commercial Lyle & Associates (760) 641-7602
Listing date Mar 6, 2026
Source Cbclyle
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 Coldwell Banker Commercial Lyle & Associates
HighLights
- Prime downtown location at the corner of Palm Canyon Drive and Acoma Avenue in Desert Hot Springs, offering high visibility and traffic.
- Multi/Mixed‑Use property with approx. 5,486 sq. ft. of Retail/Restaurant/Office space.
- Includes 4 Studio Apartments plus 1 One Bedroom Apartment with potential for conversion to Boutique Resort rooms/Short‑Term rentals or Office Suites.
- Two tax parcels totaling approx. 14,375 sq. ft. of land.
- Abundant private parking with 18+ spaces, plus ample street parking.
- Panoramic, unparalleled views from almost every vantage point.
Overview
Located in the heart of downtown Desert Hot Springs, this mixed-use property features approximately 5,486 square feet of retail, restaurant, and office space. The property also includes four studio apartments and one one-bedroom apartment on the second level, which could be converted into boutique resort rooms, short-term rentals, or office suites. Situated on two tax parcels totaling approximately 14,375 square feet of land, the corner location at Palm Canyon Drive and Acoma Avenue provides easy access, abundant private parking with 18+ spaces, and unobstructed visibility. The property is located just south of Pierson Boulevard and offers panoramic views from almost every vantage point. The property is located in one of the highest traffic count areas of Desert Hot Springs.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$986.7K
NOI $88,799 @ 9.00% cap · cautious / downside scenario
Moderate
$1.27M
NOI $88,799 @ 7.00% cap · market / base-case scenario
Aggressive
$1.78M
NOI $88,799 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.6k | $30.00 |
| − Vacancy | −$3.1k | −$0.57 |
| EGI | $161.5k | $29.43 |
| − OpEx | −$72.7k | −$13.24 |
| NOI | $88.8k | $16.19 |
5,486 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,799 @ 7.0% cap · market cap 5.94%
Second Best
Office B
$1.23M
$1.08M – $1.44M
NOI $86,194 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,046 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tax Accounting Services
Tax Preparation
Location Insight
- Map
- Local Demand
- City
- Desert Hot Springs
- County
- Riverside
- State
- California
- Longitude
- -116.501
- Latitude
- 33.9607
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Multi-use property with retail, office, and residential spaces.
Where is this mixed-use property located?
The property is located at 12106 Palm Dr Desert Hot Springs, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Prime downtown location at the corner of Palm Canyon Drive and Acoma Avenue in Desert Hot Springs, offering high visibility and traffic.; Multi/Mixed‑Use property with approx. 5,486 sq. ft. of Retail/Restaurant/Office space.; Includes 4 Studio Apartments plus 1 One Bedroom Apartment with potential for conversion to Boutique Resort rooms/Short‑Term rentals or Office Suites.
