Six-Suite Medical Office
35280 Bob Hope, Rancho Mirage, CA 92270
For Sale
$3,500,000
Commercial Sale, Rancho Mirage, CA
Property Size8,276 SF
Lot Size0.88 Acres
Price / SF$422.91
Days on Market311
Property Features for 35280 Bob Hope
General Information
Property type
Property subtype
Parking features
Exterior features
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Utilities
Heating system
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Desert Pacific Properties
Listed By:
Susan Harvey · License CA #00957590
(760) 360-8200
Added: Jan 9
Changed: Nov 2
Last Checked: Nov 15 at 6:06AM
MLS# 219141100
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2002, this 8,276-square-foot medical and professional office building contains six suites. Four suites are leased and producing income, while a 2,500-square-foot vacant suite offers an on-site occupancy option. The property includes central heating, lighting, and open parking-lot areas.
The building is located at 35280 Bob Hope Drive in Rancho Mirage, California. It sits across from The Westin Rancho Mirage hotel and golf resort, approximately 1.7 miles from Eisenhower Medical Center and 2 miles from I-10. The site is reported to experience 39,000 cars per day and is positioned 1/4 mile from Disney's Cotino mixed-use development and just over 1/2 mile from Del Webb Rancho Mirage.
The building is located at 35280 Bob Hope Drive in Rancho Mirage, California. It sits across from The Westin Rancho Mirage hotel and golf resort, approximately 1.7 miles from Eisenhower Medical Center and 2 miles from I-10. The site is reported to experience 39,000 cars per day and is positioned 1/4 mile from Disney's Cotino mixed-use development and just over 1/2 mile from Del Webb Rancho Mirage.
Key Highlights
- 8,276‑square‑foot building with six medical and professional office suites
- Four suites are leased and income‑producing
- Vacant 2,500‑square‑foot suite available for lease or owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,030
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,600,600
$2.6M
Cap Rate 7%
$1,857,571
$1.9M
Cap Rate 9%
$1,444,778
$1.4M
Market Conditions
NOI Build-Up for 8,276 SF
Gross rent
$189.7K $22.92/SF
− Vacancy
−$16.3K −$1.97/SF
EGI
$173.4K $20.95/SF
− OpEx
−$43.3K −$5.24/SF
NOI
$130.0K $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 Rate 5%
$2,600,600
Cap Rate 7%
$1,857,571
Cap Rate 9%
$1,444,778
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.
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Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
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Business Placement
Demographics for 92270, CA
16,999
Population
14,936
Households
1.1
Avg Household Size
66
Median Age
47%
College-Educated
95%
High-School Grad
25.6 sq mi
ZIP Area
664
Density / Sq Mi
$109,943
Median Household Income
$60,084
Median Earnings
$1,575
Median Rent
$747,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Riverside County, CA
Properties on Market for Office buildings in Riverside County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Medical and professional office property with four leased suites, one vacant suite, and open-lot parking.
Where is this office building located?
The property is located at 35280 Bob Hope 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‑square‑foot building with six medical and professional office suites; Four suites are leased and income‑producing; Vacant 2,500‑square‑foot suite available for lease or owner occupancy
