Multi-Tenant Flex
For Sale
$11,000,000
19345 - 19465 N Indian Canyon Drive, Palm Springs, CA 92262
Commercial Sale, Palm Springs, CA
Property Size93,815 SF
Lot Size7.93 Acres
Price / SF$117.25
Days on Market96
Property Features for 19345 - 19465 N Indian Canyon Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
331 - Palm Springs North End
Standard status
Active
APN
666330051
Size
93,815 SF
Lot size
7.93 Acres
Building Details
Year built
1982
Floors in Building
1
Number of units
35
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Susan Harvey · License #00957590
(760) 250-8992
Added: Jun 19
Changed: Sep 16
Last Checked: Sep 22 at 5:06AM
MLS# 219149470
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.
Investment Insights
Based on property information with market context.
This 93,815 SF flex property comprises three buildings constructed in 1982, with a multi-tenant configuration suited to industrial and commercial operations. Existing occupants include Harley Davidson Motorcycles, EagleRider Motorcycle Rentals & Tours, Desert View Mirror & Glass, and Precision Patios. The property is offered for sale or lease, with 33,150 SF available across spaces ranging from 726 SF to 6,508 SF of contiguous area.
The complex fronts Indian Canyon Drive with approximately 513 feet of frontage and provides abundant on-site parking. It sits just off I-10 at Indian Canyon Drive, less than one mile from Amazon’s 650,000 SF distribution facility and FedEx Ground. Palm Springs International Airport is also nearby.
The complex fronts Indian Canyon Drive with approximately 513 feet of frontage and provides abundant on-site parking. It sits just off I-10 at Indian Canyon Drive, less than one mile from Amazon’s 650,000 SF distribution facility and FedEx Ground. Palm Springs International Airport is also nearby.
Key Highlights
- 93,815 SF total building area across three structures
- 33,150 SF available for lease, with suites from 726 SF to 6,508 SF contiguous
- Approximately 513 feet of frontage on Indian Canyon Drive
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
$935,478
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
8.50%
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%
$18,709,560
$18.7M
Cap Rate 7%
$13,363,971
$13.4M
Cap Rate 9%
$10,394,200
$10.4M
Market Conditions
NOI Build-Up for 93,815 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
$1.17M $12.48/SF
− Vacancy
−$70.2K −$0.75/SF
EGI
$1.10M $11.73/SF
− OpEx
−$165.1K −$1.76/SF
NOI
$935.5K $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%
$18,709,560
Cap Rate 7%
$13,363,971
Cap Rate 9%
$10,394,200
Alternative Uses
Best Use
Warehouse
$13.36M
$11.69M – $15.59M
NOI $935,478 @ 7.0% cap · market cap 8.50%
Second Best
Industrial
$11.01M
$9.63M – $12.84M
NOI $770,394 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$28.11M
$24.59M – $32.79M
NOI $1,967,377 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three-building commercial complex with abundant on-site parking and established multi-tenant occupancy.
Where is this flex space located?
The property is located at 19345 - 19465 N Indian Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 93,815 SF total building area across three structures; 33,150 SF available for lease, with suites from 726 SF to 6,508 SF contiguous; Approximately 513 feet of frontage on Indian Canyon Drive
