Industrial Condo with
For Sale
$745,000
39301 Badger Street 500, Palm Desert, CA 92211
Industrial condominium with office amenities, flexible rooms, and rear warehouse space near Acrisure Arena and I-10.
Property Size2,305 SF
Price / SF$323.21
Days on Market364
Property Features for 39301 Badger Street 500
General Information
Standard status
Active
Size
2,305 SF
Property subtype
Commercial/Industrial
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Listing Agency:
C 21 Coachella Valley RE
(442) 274-7717
Listed By:
Nicole Beck · License #02026148
(442) 274-7717
Source:
Exitrealty
Added: Sep 3, 2025
Changed: Aug 31
Last Checked: Aug 31 at 4:57PM
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 C 21 Coachella Valley RE
Investment Insights
Based on property information with market context.
This 2,305-square-foot industrial condominium, built in 2002, combines professional office features with functional warehouse capacity. The interior includes a private office, lobby, kitchenette, and two additional rooms that can serve as executive offices, conference space, or creative work areas. A large rear garage and warehouse area adds storage and operational space.
Located in Palm Desert near Acrisure Arena, the property is also close to shopping and dining and offers access to I-10. The combination of office finishes, adaptable rooms, and dedicated rear warehouse space supports a range of commercial operations within one industrial condominium.
Located in Palm Desert near Acrisure Arena, the property is also close to shopping and dining and offers access to I-10. The combination of office finishes, adaptable rooms, and dedicated rear warehouse space supports a range of commercial operations within one industrial condominium.
Key Highlights
- 2,305 sq. ft. industrial condominium in Palm Desert
- Private office, lobby, and kitchenette
- Two versatile rooms for offices, meetings, or creative work
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
$36,215
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
4.86%
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%
$724,300
$724.3K
Cap Rate 7%
$517,357
$517.4K
Cap Rate 9%
$402,389
$402.4K
Market Conditions
NOI Build-Up for 2,305 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
$52.8K $22.92/SF
− Vacancy
−$4.5K −$1.97/SF
EGI
$48.3K $20.95/SF
− OpEx
−$12.1K −$5.24/SF
NOI
$36.2K $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 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%
$724,300
Cap Rate 7%
$517,357
Cap Rate 9%
$402,389
Alternative Uses
Best Use
Office B
$517.4K
$452.7K – $603.6K
NOI $36,215 @ 7.0% cap · market cap 4.86%
Second Best
Warehouse
$328.3K
$287.3K – $383.1K
NOI $22,984 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,338 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92211, CA
26,403
Population
20,152
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
94%
High-School Grad
14.8 sq mi
ZIP Area
1,784
Density / Sq Mi
$87,682
Median Household Income
$55,647
Median Earnings
$1,903
Median Rent
$535,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- T.J.'s Steaks Pasta & Spirits — 40205 Washington St, Palm Desert, CA 92211
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium with office amenities, flexible rooms, and rear warehouse space near Acrisure Arena and I-10.
Where is this flex space located?
The property is located at 39301 Badger Street 500 Palm Desert, CA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 2,305 sq. ft. industrial condominium in Palm Desert; Private office, lobby, and kitchenette; Two versatile rooms for offices, meetings, or creative work
