Two-Story Retail
1502 S Palm Canyon Drive Palm Springs, CA 92264
For Sale
$3,580,000
Two-story retail building with individually metered units for sale in Palm Springs.
Property Size10,000 SF
Lot Size0.38 Acres
Price / SF$358
Days on Market1521
Property Features for 1502 S Palm Canyon Drive
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.38 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing Agency:
New Star Realty & Investment
(714) 994-3377
Listed By:
Kee Woon Lee · License #01077991
Source:
Xome
Added: May 26, 2022
Changed: Jul 24
Last Checked: Jul 24 at 6:01AM
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 New Star Realty & Investment
Investment Insights
Based on property information with market context.
This two-story retail building offers approximately 10,000 square feet of space and includes individually metered units, providing separation of utilities by unit. The property is set on a 16,552 square foot lot.
The building is located at 1502 S Palm Canyon Drive in Palm Springs, California.
With its two-level layout and individually metered configuration, the property may be suited for tenants seeking independently metered retail space within a multi-unit retail structure.
The building is located at 1502 S Palm Canyon Drive in Palm Springs, California.
With its two-level layout and individually metered configuration, the property may be suited for tenants seeking independently metered retail space within a multi-unit retail structure.
Key Highlights
- 10,000 SF, 2‑story retail building for sale in Palm Springs
- Lot size: 16,552 SF
- Individually metered units
Financial Insights For Retail
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 | $216.0k | $21.60 |
| − Vacancy | −$11.2k | −$1.12 |
| EGI | $204.8k | $20.48 |
| − OpEx | −$61.4k | −$6.14 |
| NOI | $143.3k | $14.33 |
10,000 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,338 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,708 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jewelry Vault & Loan
Discount Store
The Jewelry Vault & Loan
Discount Store
DigitalMint Bitcoin ATM ...
Bank
Similar Off Market Nearby
- Studio Kate Floral — 190 E Palm Canyon Dr #4d, Palm Springs, CA 92264
FAQs
What type of property is this?
Storefront property - Two-story retail building with individually metered units for sale in Palm Springs.
Where is this storefront property located?
The property is located at 1502 S Palm Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $3,580,000.
What are key features of this property?
This property features: 10,000 SF, 2‑story retail building for sale in Palm Springs; Lot size: 16,552 SF; Individually metered units
