Three-Story Retail
383 S Palm Canyon Dr, Palm Springs, CA 92262
For Sale
New
$2,500,000
An elevator serves each floor, with off-street parking on the property.
Property Size8,648 SF
Days on Market2
Property Features for 383 S Palm Canyon Dr
General Information
Standard status
Size
Property subtype
Amenities
elevator
private off-street parking
Building Details
Building Size
Year Built
Stories
Construction
Listed By:
Rob Wenthold · License CA #01153834
(760) 641-7602
Source:
Cbclyle
Added: Nov 12
Last Checked: Nov 12 at 2:22PM
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 Rob Wenthold
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Investment Insights
Based on property information with market context.
The retail property contains three floors, each served by an elevator. Built in 1972, the Mid-Century Modern building has undergone renovation and offers more than 100 feet of frontage along South Palm Canyon Drive. The site encompasses over 18,000 square feet and includes more than 34 private off-street parking spaces.
The property is in the retail, restaurant and entertainment district of downtown Palm Springs.
The property is in the retail, restaurant and entertainment district of downtown Palm Springs.
Key Highlights
- Three elevator‑served floors
- Mid‑Century Modern architecture; built in 1972
- More than 100 feet of frontage on S. Palm Canyon Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,958
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,479,160
$2.5M
Cap Rate 7%
$1,770,829
$1.8M
Cap Rate 9%
$1,377,311
$1.4M
Market Conditions
NOI Build-Up for 8,648 SF
Gross rent
$186.8K $21.60/SF
− Vacancy
−$9.7K −$1.12/SF
EGI
$177.1K $20.48/SF
− OpEx
−$53.1K −$6.14/SF
NOI
$124.0K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,479,160
Cap Rate 7%
$1,770,829
Cap Rate 9%
$1,377,311
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.07M
NOI $123,958 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,356 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
Under-served
Demand for This Use
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
$600,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Riverside County, CA
Properties on Market for Storefront properties in Riverside County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - An elevator serves each floor, with off-street parking on the property.
Where is this storefront property located?
The property is located at 383 S Palm Canyon Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Three elevator‑served floors; Mid‑Century Modern architecture; built in 1972; More than 100 feet of frontage on S. Palm Canyon Drive
