Three-Building Flex Industrial
For Sale
$4,500,000
5000-5055 E Calle San Raphael, Palm Springs, CA 92264
Flex and industrial space on leased tribal land under a long-term ground lease, zoned M1.
Property Size38,263 SF
Lot Size2.12 Acres
Price / SF$117.61
Days on Market28
Property Features for 5000-5055 E Calle San Raphael
General Information
Standard status
Active
Size
38,263 SF
Lot size
2.12 Acres
Zoning
M1
Additional Details
Highway Access
Yes
Amenities
38263
Building Details
Building Size
38,263 SF
Buildings
3
Listing Agency:
(760) 668-1148
Listed By:
Sharon Lucas
(760) 668-1148
Source:
Sharonlucas.idxbroker
Added: Jul 30
Changed: Aug 26
Last Checked: Aug 26 at 5:25AM
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 Sharon Lucas
Investment Insights
Based on property information with market context.
Champion Business Park is a three-building office/business park offering flex and industrial warehouse space at 5000-5055 E Calle San Raphael in Palm Springs. The property totals 38,263 SF on a 2.12-acre lot, providing space for business operations along with parking and the potential for expansion.
The site is located at the northeast corner of E Calle San Rafael and Gene Autry Trail. It is described as just five minutes from downtown Palm Springs, with connectivity to Freeway 111 noted as being nearby. The property is zoned M1.
Champion Business Park is operated on Indian lease land with a long-term ground lease structure, subject to tribal and BIA regulations. The remarks also note that utilities and certain services are excluded.
The site is located at the northeast corner of E Calle San Rafael and Gene Autry Trail. It is described as just five minutes from downtown Palm Springs, with connectivity to Freeway 111 noted as being nearby. The property is zoned M1.
Champion Business Park is operated on Indian lease land with a long-term ground lease structure, subject to tribal and BIA regulations. The remarks also note that utilities and certain services are excluded.
Key Highlights
- 38,263 SF flex and industrial warehouse space
- Three‑building Champion Business Park
- 2.12‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$381,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,630,800
$7.6M
Cap Rate 7%
$5,450,571
$5.5M
Cap Rate 9%
$4,239,333
$4.2M
Market Conditions
NOI Build-Up for 38,263 SF
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.
Gross rent
$477.5K $12.48/SF
− Vacancy
−$28.7K −$0.75/SF
EGI
$448.9K $11.73/SF
− OpEx
−$67.3K −$1.76/SF
NOI
$381.5K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,630,800
Cap Rate 7%
$5,450,571
Cap Rate 9%
$4,239,333
Alternative Uses
Best Use
Warehouse
$5.45M
$4.77M – $6.36M
NOI $381,540 @ 7.0% cap · market cap 8.48%
Second Best
Industrial
$4.49M
$3.93M – $5.24M
NOI $314,210 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$11.46M
$10.03M – $13.37M
NOI $802,406 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex and industrial space on leased tribal land under a long-term ground lease, zoned M1.
Where is this flex space located?
The property is located at 5000-5055 E Calle San Raphael Palm Springs, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 38,263 SF flex and industrial warehouse space; Three‑building Champion Business Park; 2.12‑acre lot
