Retail Space on Palm
For Sale
$275,000
245 South Palm Canyon Drive, Palm Springs, CA 92262
Retail space available for sale, 1,610 SqFt.
Property Size1,610 SF
Price / SF$170.81
Days on Market210
Property Features for 245 South Palm Canyon Drive
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Retail
Building Details
Building Size
1,610 SF
Year Built
1979
Listing Agency:
Coldwell Banker Commercial Lyle & Associates
Listed By:
Curtis Barlow · License #CalDRE #01380247
(760) 899-7700
Source:
Cbclyle
Added: Mar 27
Changed: Oct 19
Last Checked: Oct 20 at 6:30PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,077
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,540
$461.5K
Cap Rate 7%
$329,671
$329.7K
Cap Rate 9%
$256,411
$256.4K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$34.8K $21.60/SF
− Vacancy
−$1.8K −$1.12/SF
EGI
$33.0K $20.48/SF
− OpEx
−$9.9K −$6.14/SF
NOI
$23.1K $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 Rate 5%
$461,540
Cap Rate 7%
$329,671
Cap Rate 9%
$256,411
Alternative Uses
Best Use
Retail
$329.7K
$288.5K – $384.6K
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
NOI $33,763 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,160
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
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 South Palm Canyon Drive 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
