Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    358 Club Circle Dr Palm Springs, CA 92264

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $249,000

    Large lot with existing home in gated Palm Springs community.

    Lot size:
    0.12 Acres

    Property Features for 358 Club Circle Dr

    General Information

    Standard status
    Active
    Lot size
    0.12 Acres
    Exterior features
    Patio, Porch
    Interior features
    Central Air, Forced Air, Central, Electric, Natural Gas, Double Oven, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Refrigerator, Range Hood, Dryer

    Building Details

    Year built
    1973

    We can help!

    Listing Contact
    Michael Grosso
    Source: Kw

    Listing Agent: Michael Grosso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Lot in 55+ Community

    Located in the El Dorado Palms, this property features a 1440 sq ft home situated on a 5,266 sq ft lot. The residence includes two bedrooms, two bathrooms, a family room, and formal living and dining areas. A large covered patio and covered carport are also present. The property is located within a gated 55+ community that includes pools, spas, tennis courts, a clubhouse with a gym, and RV parking for residents. The home has a separate laundry room and a fully equipped kitchen with double wall ovens, a gas cooktop, and a refrigerator. The property is on fee land, meaning the land is owned. Mountain views are visible from the living room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.4772714
    Latitude
    33.7940388

    Nearby Similar for Sale

    • $1,000,000
      2,400 SF

      Palm Springs Commercial Condominium For Sale

      2,400 sq ft condominium ideal for professional or medical use.
      181 S Civic Dr, Palm Springs, CA 92262
      View Details
    • $425,000
      1,200 SF

      Palm Springs Office Space Available

      Single-story office space with kitchen, bathroom, and front/rear exits.
      189 S Civic Dr, Palm Springs, CA 92262
      View Details
    • $3,125,000
      19,602 SF

      Palm Springs Multifamily Investment Opportunity

      20-unit apartment complex in vibrant Uptown Palm Springs.
      2303 N Indian Canyon Dr, Palm Springs, CA 92262
      View Details
    • New
      $649,000
      2,096 SF

      Palm Springs Duplex with Pool

      South Palm Springs duplex with flexible living and investment opportunities.
      111 Canyon Rock Rd, Palm Springs, CA 92264
      View Details
    • New
      $1,025,000
      2,128 SF

      Palm Springs Duplex with Mountain Views

      Two vacant units, pool, mountain views, income potential.
      610 S Camino Real, Palm Springs, CA 92264
      View Details
    • $1,100,000
      Pending

      Palm Springs Retail/Restaurant Opportunity

      Freestanding 2,494 SF retail/restaurant in Palm Springs for sale.
      311 N Indian Canyon Dr, Palm Springs, CA 92262
      View Details
    • $1,400,000
      4,150 SF

      Palm Springs Multifamily Investment Opportunity

      Six-unit apartment complex in Palm Springs' Warm Sands neighborhood.
      587 S Calle Ajo, Palm Springs, CA 92264
      View Details
    • $1,799,000
      5,733 SF

      Palm Springs Apartment Complex

      Seven-unit apartment complex in desirable Palm Springs location.
      238 S Saturmino Dr, Palm Springs, CA 92262
      View Details
    • $259,000
      1,440 SF

      Income-Producing Property in Palm Springs

      Updated manufactured home in 55+ community, leased at $2,050/month.
      147 Sage Dr, Palm Springs, CA 92264
      View Details
    • $1,150,000
      1,496 SF

      Mid-Century Modern Retreat

      Furnished Palm Springs home with mountain views and resort vibes.
      2499 S Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • $525,000

      Palm Springs Modern Office Condo

      Remodeled office condo in prime Palm Springs location.
      193 S Civic Dr, Palm Springs, CA 92262
      View Details
    • $1,100,000

      Freestanding Retail/Restaurant in Downtown

      2494sf freestanding retail/restaurant in Palm Springs' Central Business District.
      311 N Indian Canyon Dr, Palm Springs, CA 92262
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Large lot with existing home in gated Palm Springs community.
    Where is this mobile home & rv park located?
    The property is located at 358 Club Circle Dr Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Largest lot in El Dorado Palms (5,266 Sq Ft) offering expansion or new construction potential.; - Located in a gated, premier 55+ community on fee land (you own the land).; - Enjoy community amenities: pools, spas, tennis courts, clubhouse with gym, and RV parking.
    (714) 376-1754
    Request Owner's contact information
    358 Club Circle Dr Palm Springs, CA 92264
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    358 Club Circle Dr
    Palm Springs, CA 92264
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    358 Club Circle Dr Palm Springs, CA 92264
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Grosso
    Real Estate License ID: 01266125
    (714) 376-1754
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!