Medical Office Building with Six
35280 Bob Hope Dr Rancho Mirage, CA 92270
For Sale
Contact for pricing
Eight-building SF medical office property features four leased suites and two vacant suites available for lease or owner use.
Property Size8,276 SF
Price / SF$422.91
Days on Market202
Property Features for 35280 Bob Hope Dr
General Information
Standard status
Active
Size
8,276 SF
Property subtype
OFFICE
Listing Agency:
Desert Pacific Properties
(760) 250-8992
Listed By:
Susan Harvey · License #00957590
(760) 250-8992
Source:
Moodyscre
Added: Jan 9
Changed: Jul 30
Last Checked: Jul 30 at 3:09AM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This medical office and professional building totals 8,276 SF and is comprised of six suites. Four of the suites are currently leased and income-producing. The remaining two suites are vacant and available for lease, offering space options for an owner-user or additional tenant demand.
The two vacant suites total 1,250 SF and 2,500 SF, providing flexibility for a range of medical or professional uses within the same building. The property is located at 35280 Bob Hope Dr in Rancho Mirage, CA 92270.
With a suite-based layout and both leased and available spaces, the building supports multiple occupancy scenarios while keeping the overall asset under one roof.
The two vacant suites total 1,250 SF and 2,500 SF, providing flexibility for a range of medical or professional uses within the same building. The property is located at 35280 Bob Hope Dr in Rancho Mirage, CA 92270.
With a suite-based layout and both leased and available spaces, the building supports multiple occupancy scenarios while keeping the overall asset under one roof.
Key Highlights
- 8,276 SF medical/professional building with six suites
- Four suites are leased and income‑producing
- Two vacant suites are available for lease or owner‑user
Financial Insights For Office B
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 | $189.7k | $22.92 |
| − Vacancy | −$16.3k | −$1.97 |
| EGI | $173.4k | $20.95 |
| − OpEx | −$43.3k | −$5.24 |
| NOI | $130.0k | $15.71 |
8,276 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,030 @ 7.0% cap · market cap 3.72%
Second Best
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $84,148 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,554 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- chiropractitioner for pets — 35-400 Bob Hope Dr, Rancho Mirage, CA 92270
Frequently Asked Questions
What type of property is this?
Medical Office Space - Eight-building SF medical office property features four leased suites and two vacant suites available for lease or owner use.
Where is this medical office space located?
The property is located at 35280 Bob Hope Dr Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 8,276 SF medical/professional building with six suites; Four suites are leased and income‑producing; Two vacant suites are available for lease or owner‑user
