New Commercial Kitchen
New
For Sale
$5,790,000
197 245 265 285 W Radio Road, Palm Springs, CA 92262
The newly constructed kitchen has never been used and is offered with warehouse, secured yard, and automotive components.
Property Size15,500 SF
Days on Market2
Property Features for 197 245 265 285 W Radio Road
General Information
Standard status
Active
Size
15,500 SF
Property subtype
Commercial Kitchen
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Real Estate Included
Yes
Property Use
Catering & Food Service, Warehouse, Automotive
Building Details
Building Size
15,500 SF
Listed By:
Rick Gordon · License #CalDRE #02088022
(949) 401-9007
Source:
Cbclyle
Added: Oct 30
Last Checked: Oct 30 at 2:32PM
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 Rick Gordon
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial kitchen campus includes a newly constructed kitchen that has never been used, along with warehouse space, a secured yard, and automotive components. The four properties may be acquired in different combinations.
The site is at 197, 245, 265, and 285 W. Radio Road in Palm Springs, approximately five minutes from a full I-10 interchange.
The site is at 197, 245, 265, and 285 W. Radio Road in Palm Springs, approximately five minutes from a full I-10 interchange.
Key Highlights
- Newly constructed commercial kitchen with no prior use
- Four properties available in multiple combinations
- Includes warehouse space, a secured yard, and automotive components
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$195,440
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,908,800
$3.9M
Cap Rate 7%
$2,792,000
$2.8M
Cap Rate 9%
$2,171,556
$2.2M
Market Conditions
NOI Build-Up for 15,500 SF
Gross rent
$279.0K $18.00/SF
− Vacancy
−$18.4K −$1.19/SF
EGI
$260.6K $16.81/SF
− OpEx
−$65.1K −$4.20/SF
NOI
$195.4K $12.61/SF
Area
Riverside County, CA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,908,800
Cap Rate 7%
$2,792,000
Cap Rate 9%
$2,171,556
Alternative Uses
Best Use
Specialty Retail
$2.79M
$2.44M – $3.26M
NOI $195,440 @ 7.0% cap · market cap 3.38%
Second Best
Warehouse
$2.21M
$1.93M – $2.58M
NOI $154,559 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,048 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
280
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
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - The newly constructed kitchen has never been used and is offered with warehouse, secured yard, and automotive components.
Where is this commercial kitchen located?
The property is located at 197 245 265 285 W Radio Road Palm Springs, CA.
What is the asking price?
The asking price for this property is $5,790,000.
What are key features of this property?
This property features: Newly constructed commercial kitchen with no prior use; Four properties available in multiple combinations; Includes warehouse space, a secured yard, and automotive components
