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Turnkey Medical Office Condo

41990 Cook St Ste E502 Palm Desert, CA 92211

41990 Cook St Ste E502, Palm Desert, CA, 92211
$1,050,000
For Sale
$1,050,000

3,425 SF Class A medical office condo for sale.

Property Size3,425 SF
Price / SF$306.57
Days on Market138

Property Features for 41990 Cook St Ste E502

General Information

Standard status
Active
Size
3,425 SF
Property subtype
Office

Building Details

Year Built
2006
Listing Agency Coldwell Banker Commercial Lyle & Associates
Listed by Michael Lyle · License #CalDRE #02002995
Source Cbclyle
Added: Mar 5 Updated: Jul 6 at 10:11 am Checked: Jul 19 at 3:51 am

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


Investment Insights

Based on property information with market context.

Located in the Business Park of the Desert, the property at 41990 Cook Street, Suite 502, offers a ±3,425 SF turnkey medical office suitable for healthcare or professional users. This Class A office condo features high-end improvements and a functional medical layout. The property is zoned CPS and positioned just off Fred Waring Drive, minutes from I-10, providing excellent regional access. It benefits from abundant surface parking and strong surrounding demographics. The location at the NEC of Cook Street & Country Club Drive offers a prime central location near major routes, with convenient access for employees and patients throughout the region. The suite features modern medical office improvements, high-end finishes, and excellent natural light throughout. The surrounding area has over 51,000 residents within 3 miles and an average household income exceeding $74,000 per year. The property is within a master-planned, HOA-maintained campus. It is ideal for owner-users, investors, or tenants seeking immediate occupancy in one of Palm Desert’s established business parks.

Key Highlights

  • Turnkey ±3,425 SF medical office in a Class A building, ready for immediate occupancy.
  • Prime central location near I‑10, Cook Street, and Fred Waring Drive, offering excellent regional access.
  • CPS zoning allows for medical office, general office, or specialty clinic use.

Local 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 $78.5k $22.92
− Vacancy −$6.8k −$1.97
EGI $71.7k $20.95
− OpEx −$17.9k −$5.24
NOI $53.8k $15.71
3,425 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$768.7K
$672.7K – $896.9K (±1% cap)
NOI $53,812 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$497.5K
$435.3K – $580.4K (±1% cap)
NOI $34,824 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.03M
$897.8K – $1.20M (±1% cap)
NOI $71,825 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dr. Maisy S. ... Dental Office Thomas C. Kopan, ... Physician Beyond the Beat Dance ... Theater & Performing Art Venue Jon D. Emberland, ... Physician Vintage Design Inc Interior Design

Suggested Use

Dental Office Parking Lot & Garage Daycare Center Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Locksmith Hair Salon Barber Shop (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Palm Desert Pet Hospital — 41990 Cook St B201, Palm Desert, CA 92211

FAQs

What type of property is this?
Medical Office Space - 3,425 SF Class A medical office condo for sale.
Where is this medical office space located?
The property is located at 41990 Cook St Ste E502 Palm Desert, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Turnkey ±3,425 SF medical office in a Class A building, ready for immediate occupancy.; Prime central location near I‑10, Cook Street, and Fred Waring Drive, offering excellent regional access.; CPS zoning allows for medical office, general office, or specialty clinic use.
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