Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    401 E Tahquitz Canyon Way Palm Springs, CA 92262

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $2,500,000

    Fully occupied mixed-use building in the heart of Palm Springs.

    Lot size:
    1.44 Acres

    Property Features for 401 E Tahquitz Canyon Way

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    1.44 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Larry Strong
    Source: Elliman

    Listing Agency: LARRY STRONG COMMERCIAL REAL E Listing Agent: Larry Strong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Palm Springs Mixed-Use Building

    The NOIA Building, anchored by Sherman's Deli & Bakery, houses a variety of businesses including retail, services, and real estate. The property has been completely remodeled and redecorated, with a recently repainted exterior. Tenants benefit from high-speed internet and paid utilities, excluding phone service. Management and security are available. The building is currently 100% occupied. Located in the heart of Palm Springs, the NOIA building is situated one block from the new downtown City Center, the Spa Hotel & Casino, the Hard Rock Hotel, and the Palm Springs Convention Center. Ample on-site parking is available. This property is on leased land with 35 years remaining on the lease. The property may be suitable for retail, services, and real estate businesses.
    Location Intelligence

    Current Use by Public Records

    Sherman's Deli & Bakery Restaurant Lifetime Blinds of Palm ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Dental Office Restaurant Spa & Massage Center Hair Salon Nail Salon Real Estate Agency Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.542764
    Latitude
    33.822787

    Nearby Similar for Sale

    • $1,000,000
      2,400 SF

      Palm Springs Commercial Condominium For Sale

      2,400 sq ft condominium ideal for professional or medical use.
      181 S Civic Dr, Palm Springs, CA 92262
      View Details
    • $425,000
      1,200 SF

      Palm Springs Office Space Available

      Single-story office space with kitchen, bathroom, and front/rear exits.
      189 S Civic Dr, Palm Springs, CA 92262
      View Details
    • $735,000
      2,096 SF

      Palm Springs Duplex with Pool

      South Palm Springs duplex with flexible living and investment opportunities.
      111 Canyon Rock Rd, Palm Springs, CA 92264
      View Details
    • $1,100,000
      Pending

      Palm Springs Retail/Restaurant Opportunity

      Freestanding 2,494 SF retail/restaurant in Palm Springs for sale.
      311 N Indian Canyon Dr, Palm Springs, CA 92262
      View Details
    • $1,799,000
      5,733 SF

      Palm Springs Apartment Complex

      Seven-unit apartment complex in desirable Palm Springs location.
      238 S Saturmino Dr, Palm Springs, CA 92262
      View Details
    • $1,400,000
      4,150 SF

      Palm Springs Multifamily Investment Opportunity

      Six-unit apartment complex in Palm Springs' Warm Sands neighborhood.
      587 S Calle Ajo, Palm Springs, CA 92264
      View Details
    • New
      $259,000
      1,440 SF

      Income-Producing Property in Palm Springs

      Updated manufactured home in 55+ community, leased at $2,050/month.
      147 Sage Dr, Palm Springs, CA 92264
      View Details
    • $3,125,000
      19,602 SF

      Palm Springs Multifamily Investment Opportunity

      20-unit apartment complex in vibrant Uptown Palm Springs.
      2303 N Indian Canyon Dr, Palm Springs, CA 92262
      View Details
    • $1,150,000
      1,496 SF

      Mid-Century Modern Retreat

      Furnished Palm Springs home with mountain views and resort vibes.
      2499 S Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • $525,000

      Palm Springs Modern Office Condo

      Remodeled office condo in prime Palm Springs location.
      193 S Civic Dr, Palm Springs, CA 92262
      View Details
    • New
      $1,025,000
      2,200 SF

      Palm Springs Duplex with Pool

      Stylish duplex in Warm Sands neighborhood with pool and mountain views.
      610 S Camino Real, Palm Springs, CA 92264
      View Details
    • $7,500,000

      Palm Canyon Drive Restaurant Opportunity

      Restaurant property on North Palm Canyon Drive for sale.
      1800 N Palm Canyon Dr, Palm Springs, CA 92262
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use building in the heart of Palm Springs.
    Where is this mixed-use property located?
    The property is located at 401 E Tahquitz Canyon Way Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - High Cap Rate of 8.9%; - Seller Financing Available and Trades Accepted; - 100% Occupancy
    (949) 735-7143
    Request Owner's contact information
    401 E Tahquitz Canyon Way Palm Springs, CA 92262
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    401 E Tahquitz Canyon Way
    Palm Springs, CA 92262
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 E Tahquitz Canyon Way Palm Springs, CA 92262
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Larry Strong
    (949) 735-7143
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!