Furnished Office Units with Conference
For Sale
$899,000
181 S Civic Drive, Palm Springs, CA 92262
Commercial Sale, Palm Springs, CA
Property Size2,400 SF
Lot Size0.03 Acres
Price / SF$374.58
Days on Market326
Property Features for 181 S Civic Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Open
Subdivision
332 - Palm Springs Central
Standard status
Active
APN
502220001
Size
2,400 SF
Lot size
0.03 Acres
Additional Details
Condition
Turnkey
Building Details
Year built
1965
Roof type
Flat
Listing Agency:
Equity Union
(760) 621-0395
Listed By:
Lindell R Campbell
(760) 408-1876
Added: Dec 8, 2025
Changed: Oct 30
Last Checked: Oct 30 at 6:06PM
MLS# 219140000
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This offering combines two office units totaling 2,400 square feet at 181 S. Civic Drive #1 and 185 S. Civic Drive #2 in Palm Springs. The interior includes up to six private offices, a dedicated conference room, two bathrooms, and a separate IT/copy room. One bathroom includes a shower, and the premises are available furnished.
Built in 1965, the commercial condominium includes open-lot parking and a flat roof. The configuration provides designated areas for office work, meetings, technology support, and general operations within a professional-use setting. The property is located in Palm Springs, California, with APNs 502-220-001 and 502-220-002.
Built in 1965, the commercial condominium includes open-lot parking and a flat roof. The configuration provides designated areas for office work, meetings, technology support, and general operations within a professional-use setting. The property is located in Palm Springs, California, with APNs 502-220-001 and 502-220-002.
Key Highlights
- 2,400 square feet across two office units
- Up to six private offices and a dedicated conference room
- Two bathrooms, including one with a shower
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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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 - The layout accommodates private offices, meeting space, bathrooms, and a dedicated IT/copy room.
Where is this office unit located?
The property is located at 181 S Civic Drive 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: 2,400 square feet across two office units; Up to six private offices and a dedicated conference room; Two bathrooms, including one with a shower
