Mixed-Use Property With
For Sale
$5,500,000
2825 East Tahquitz Canyon Way, Palm Springs, CA 92262
Fully leased commercial property with retail, medical, café, legal, and professional office uses in a multi-tenant setting.
Property Size32,000 SF
Lot Size2.27 Acres
Price / SF$171.88
Days on Market193
Property Features for 2825 East Tahquitz Canyon Way
General Information
Standard status
Active
Size
32,000 SF
Total Parking Spaces
107
Elevators
Yes
Lot size
2.27 Acres
Property subtype
Commercial Sale / Mixed Use
Occupancy
100%
Amenities
water feature
professional reception service
Yes
32,000.00
Flat, Tile
2
Elevator
Smoke Detector, Exterior Security Lights
Stucco
Building Details
Year Built
1981
Year Renovated
2025
Buildings
4
Tenancy
Multi
Listing Agency:
Realty Trust
(760) 333-7578
Listed By:
Scott Timberlake · License #1257645
(760) 333-7578
Source:
Compass
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 1:03AM
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 Realty Trust
Investment Insights
Based on property information with market context.
Tahquitz Place is a 32,000-square-foot mixed-use commercial property on 2.27 fee simple acres. The asset is 100% leased and includes retail, medical, coffee shop and café, law office, private office, and executive suite users. More than 4,000 square feet of former office area was renovated in 2025 and incorporated into the executive suite component, which includes professional reception service. An elevator and ADA-compliant design support access throughout the property, while approximately 107 off-street parking stalls serve the site. A large water feature and fountain occupies the corner.
The property is located at 2825 East Tahquitz Canyon Way in Palm Springs, near Palm Springs International Airport, the Police Department, downtown attractions, City Hall, the Building Department, and the courthouses. It sits across from the gated Vibe residential development and opposite a dense apartment housing area. The Social Club Cafe & Lounge operates on the property with indoor seating and outdoor seating offering San Jacinto Mountain views.
The property is located at 2825 East Tahquitz Canyon Way in Palm Springs, near Palm Springs International Airport, the Police Department, downtown attractions, City Hall, the Building Department, and the courthouses. It sits across from the gated Vibe residential development and opposite a dense apartment housing area. The Social Club Cafe & Lounge operates on the property with indoor seating and outdoor seating offering San Jacinto Mountain views.
Key Highlights
- 32,000‑square‑foot mixed‑use property on 2.27 fee simple acres
- 100% leased multi‑tenant asset with retail, medical, café, legal, office, and executive suite uses
- More than 4,000 square feet renovated in 2025 for executive suite space
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
$502,773
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
9.14%
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%
$10,055,460
$10.1M
Cap Rate 7%
$7,182,471
$7.2M
Cap Rate 9%
$5,586,367
$5.6M
Market Conditions
NOI Build-Up for 32,000 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
$733.4K $22.92/SF
− Vacancy
−$63.1K −$1.97/SF
EGI
$670.4K $20.95/SF
− OpEx
−$167.6K −$5.24/SF
NOI
$502.8K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
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%
$10,055,460
Cap Rate 7%
$7,182,471
Cap Rate 9%
$5,586,367
Alternative Uses
Best Use
Office B
$7.18M
$6.28M – $8.38M
NOI $502,773 @ 7.0% cap · market cap 9.14%
Second Best
Retail
$6.55M
$5.73M – $7.64M
NOI $458,680 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$9.59M
$8.39M – $11.18M
NOI $671,066 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,134
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial property with retail, medical, café, legal, and professional office uses in a multi-tenant setting.
Where is this mixed-use property located?
The property is located at 2825 East Tahquitz Canyon Way Palm Springs, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 32,000‑square‑foot mixed‑use property on 2.27 fee simple acres; 100% leased multi‑tenant asset with retail, medical, café, legal, office, and executive suite uses; More than 4,000 square feet renovated in 2025 for executive suite space
