Commercial Condominium with Private
For Sale
$899,000
181 Civic Drive 1, Palm Springs, CA 92262
2,400 sq ft commercial condominium suitable for professional use.
Property Size2,400 SF
Price / SF$374.58
Days on Market236
Property Features for 181 Civic Drive 1
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1965
Listing Agency:
Equity Union
(760) 621-0395
Listed By:
Campbell Crane Team · License #01303904
(760) 408-1876
Source:
Exitrealty
Added: Mar 8
Changed: Oct 30
Last Checked: Oct 30 at 1:24PM
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 Equity Union
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Investment Insights
Based on property information with market context.
This commercial condominium offers 2,400 square feet of space, featuring up to six private offices and a dedicated conference room. The functional layout is designed for professional use. It includes two bathrooms, one of which has a shower. A separate IT/copy room provides organized infrastructure and operational efficiency. The property is well-suited for professional services, medical, legal, tech, or creative office users. This is a turnkey opportunity for owner-users or investors in a well-maintained commercial building. The listing includes two units: 181 S. Civic Dr. #1 and 185 S Civic Dr. #2, each measuring 1,200 square feet, for a combined total of 2,400 square feet. The property is available furnished. The HOA fee is $400 per unit, totaling $800 per month. The bike score is 78, indicating it is very bikeable. The walk score is 61, indicating it is somewhat walkable. The transit score is 32, indicating some transit options are available.
Key Highlights
- Spacious 2,400 sq. ft Commercial Condominium
- Includes up to six private offices and a dedicated conference room
- Turnkey opportunity for owner‑user or investors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,708
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,160
$754.2K
Cap Rate 7%
$538,686
$538.7K
Cap Rate 9%
$418,978
$419.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$55.0K $22.92/SF
− Vacancy
−$4.7K −$1.97/SF
EGI
$50.3K $20.95/SF
− OpEx
−$12.6K −$5.24/SF
NOI
$37.7K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,160
Cap Rate 7%
$538,686
Cap Rate 9%
$418,978
Alternative Uses
Best Use
Office B
$538.7K
$471.4K – $628.5K
NOI $37,708 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$719.0K
$629.1K – $838.8K
NOI $50,330 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
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Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - 2,400 sq ft commercial condominium suitable for professional use.
Where is this office unit located?
The property is located at 181 Civic Drive 1 Palm Springs, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Spacious 2,400 sq. ft Commercial Condominium; Includes up to six private offices and a dedicated conference room; Turnkey opportunity for owner‑user or investors
