Corner Shopping
For Sale
$3,950,000
2100 N Palm Canyon Drive, Palm Springs, CA 92262
Maintained retail asset with private parking, established occupancy history, and current monthly income.
Property Size10,000 SF
Days on Market109
Property Features for 2100 N Palm Canyon Drive
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
16,000 vehicles/day
Building Details
Building Size
10,000 SF
Year Built
1989
Listing Agency:
Coldwell Banker Commercial Lyle & Associates
(760) 641-7602
Listed By:
Rob Wenthold · License #CalDRE #01153834
(760) 641-7602
Source:
Cbclyle
Added: May 14
Changed: Aug 29
Last Checked: Aug 29 at 1:33PM
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 Coldwell Banker Commercial Lyle & Associates
Investment Insights
Based on property information with market context.
This shopping center at 2100 N. Palm Canyon Drive was built in 1989 and has been maintained without deferred maintenance. The property includes private parking areas and has historically operated at 100% occupancy, while also producing current monthly income.
Positioned on a prominent corner at the north end of Palm Springs’ Uptown Design District, the property serves as a gateway entrance to Palm Springs. The location records approximately 16,000 cars per day, providing substantial exposure within the surrounding commercial district.
Positioned on a prominent corner at the north end of Palm Springs’ Uptown Design District, the property serves as a gateway entrance to Palm Springs. The location records approximately 16,000 cars per day, providing substantial exposure within the surrounding commercial district.
Key Highlights
- Corner location at 2100 N. Palm Canyon Drive, Palm Springs, CA 92262
- Approximately 16,000 +/- cars per day
- Private parking areas included
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
$143,338
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
3.63%
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%
$2,866,760
$2.9M
Cap Rate 7%
$2,047,686
$2.0M
Cap Rate 9%
$1,592,644
$1.6M
Market Conditions
NOI Build-Up for 10,000 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
$216.0K $21.60/SF
− Vacancy
−$11.2K −$1.12/SF
EGI
$204.8K $20.48/SF
− OpEx
−$61.4K −$6.14/SF
NOI
$143.3K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,866,760
Cap Rate 7%
$2,047,686
Cap Rate 9%
$1,592,644
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,338 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,708 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Balanced
Demand for This Use
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- James Bacchi Contemporary — 1345 N Palm Canyon Dr, Palm Springs, CA 92262
- The Shops At Thirteen Forty Five — 1345 N Palm Canyon Dr, Palm Springs, CA 92262
- Summit Coms LLC — 1701 n palm canyon dr ste 3, palm springs, ca 92262
- Racquetclub Center — 2500 N Palm Canyon Dr, Palm Springs, CA 92262
Frequently Asked Questions
What type of property is this?
Shopping center - Maintained retail asset with private parking, established occupancy history, and current monthly income.
Where is this shopping center located?
The property is located at 2100 N Palm Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Corner location at 2100 N. Palm Canyon Drive, Palm Springs, CA 92262; Approximately 16,000 +/- cars per day; Private parking areas included
