Residential Income Property with
For Sale
$398,500
300 Juniper Dr, Palm Springs, CA 92264
Residential property with central air, a full appliance package, walk-in closet, and attached carport.
Property Size1,740 SF
Price / SF$229.02
Days on Market26
Property Features for 300 Juniper Dr
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Manufactured In Park
Listing Agency:
Berkshire Hathaway Home Services California Properties
(760) 333-9875
Listed By:
Victor Minetti · License #01382621
(760) 333-9875
Source:
Exprealty
Added: Aug 7
Changed: Aug 25
Last Checked: Aug 31 at 7:52PM
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 Berkshire Hathaway Home Services California Properties
Investment Insights
Based on property information with market context.
This residential income property was built in 1976 and includes central air with forced-air heating. Interior features include a walk-in closet and a kitchen equipped with a dishwasher, disposal, microwave, and refrigerator, along with a washer and dryer. An attached carport provides covered vehicle accommodation.
The property is located at 300 Juniper Drive in Palm Springs, within a gated setting accessed from E Palm Canyon Dr. The route from the main gate passes the clubhouse and RV parking before reaching Juniper Drive. Mountain views are identified among the exterior features, and the property is situated just east of the Trader Joe's/Target Center.
The property is located at 300 Juniper Drive in Palm Springs, within a gated setting accessed from E Palm Canyon Dr. The route from the main gate passes the clubhouse and RV parking before reaching Juniper Drive. Mountain views are identified among the exterior features, and the property is situated just east of the Trader Joe's/Target Center.
Key Highlights
- Built in 1976
- Central air and forced‑air heating
- Dishwasher, disposal, microwave, refrigerator, washer, and dryer 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
$28,165
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
7.07%
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%
$563,300
$563.3K
Cap Rate 7%
$402,357
$402.4K
Cap Rate 9%
$312,944
$312.9K
Market Conditions
NOI Build-Up for 1,740 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
$52.2K $30.00/SF
− Vacancy
−$992 −$0.57/SF
EGI
$51.2K $29.43/SF
− OpEx
−$23.0K −$13.24/SF
NOI
$28.2K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$563,300
Cap Rate 7%
$402,357
Cap Rate 9%
$312,944
Alternative Uses
Best Use
Apartment 5plus
$402.4K
$352.1K – $469.4K
NOI $28,165 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.3K
$456.1K – $608.2K
NOI $36,489 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential property with central air, a full appliance package, walk-in closet, and attached carport.
Where is this residential income property located?
The property is located at 300 Juniper Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $398,500.
What are key features of this property?
This property features: Built in 1976; Central air and forced‑air heating; Dishwasher, disposal, microwave, refrigerator, washer, and dryer included
