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Retail Space on Palm Canyon

245 S Palm Canyon Dr Palm Springs, CA 92262

245 S Palm Canyon Dr, Palm Springs, CA, 92262
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For Sale
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Retail space available for sale, 1,610 SqFt.

Property Size1,610 SF
Price / SF$170.81
AddedMar 13
Days on Market126
Last RefreshJul 15 at 2:21 pm

Property Features for 245 S Palm Canyon Dr

General Information

Standard status
Active
Size
1,610 SF
Property subtype
Business for Sale

Listing office Hughes Properties

Listing date Mar 13, 2026

Source Crexi

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 Hughes Properties


Investment Insights

Based on property information with market context.

This commercial real estate offering features a retail space available for sale. The property provides 1,610 square feet of space and is located on South Palm Canyon Drive in Palm Springs, California.

Key Highlights

  • Business for sale
  • 1,610 sqft available

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $34.8k $21.60
− Vacancy −$1.8k −$1.12
EGI $33.0k $20.48
− OpEx −$9.9k −$6.14
NOI $23.1k $14.33
1,610 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$329.7K
$288.5K – $384.6K (±1% cap)
NOI $23,077 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.3K
$422.0K – $562.7K (±1% cap)
NOI $33,763 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Tutti Frutti Frozen ... Cafe & Coffee Shop Frenchy Spa Alternative Medicine Practice LibertyX Bitcoin ATM Atm Crepes de Paris Cafe & Coffee Shop Massage Alternative Medicine Practice

Suggested Use

Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Veterinary Clinic Computer & Electronic Repair Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store Locksmith

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Retail space available for sale, 1,610 SqFt.
Where is this retail space located?
The property is located at 245 S Palm Canyon Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Business for sale; 1,610 sqft available
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