Turnkey Medical Office
41990 Cook St Ste E502, Palm Desert, CA 92211
3,425 SF Class A medical office condo for sale.
Type:Office
Property size:
3,425 SFPrice / SF:
$306/SF- Added:
- Mar 5, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 5 at 8:24 pm
Property Features for 41990 Cook St Ste E502
General Information
- Standard status
- Active
- Size
- 3,425 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agent Michael Lyle License #CalDRE #02002995 (760) 774-6533
Listing office Coldwell Banker Commercial Lyle & Associates (760) 774-6533
Listing date Mar 5, 2026
Source Cbclyle
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 Coldwell Banker Commercial Lyle & Associates
HighLights
- Turnkey ±3,425 SF medical office in a Class A building, ready for immediate occupancy.
- Prime central location near I‑10, Cook Street, and Fred Waring Drive, offering excellent regional access.
- CPS zoning allows for medical office, general office, or specialty clinic use.
- Strong surrounding demographics with over 51,000 residents within 3 miles and high average household income.
- High‑end improvements, functional medical layout, and excellent natural light.
- Ideal for owner‑users or investors seeking a property in a low‑vacancy submarket.
Overview
Located in the Business Park of the Desert, the property at 41990 Cook Street, Suite 502, offers a ±3,425 SF turnkey medical office suitable for healthcare or professional users. This Class A office condo features high-end improvements and a functional medical layout. The property is zoned CPS and positioned just off Fred Waring Drive, minutes from I-10, providing excellent regional access. It benefits from abundant surface parking and strong surrounding demographics. The location at the NEC of Cook Street & Country Club Drive offers a prime central location near major routes, with convenient access for employees and patients throughout the region. The suite features modern medical office improvements, high-end finishes, and excellent natural light throughout. The surrounding area has over 51,000 residents within 3 miles and an average household income exceeding $74,000 per year. The property is within a master-planned, HOA-maintained campus. It is ideal for owner-users, investors, or tenants seeking immediate occupancy in one of Palm Desert’s established business parks.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$597.9K
NOI $53,812 @ 9.00% cap · cautious / downside scenario
Moderate
$768.7K
NOI $53,812 @ 7.00% cap · market / base-case scenario
Aggressive
$1.08M
NOI $53,812 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.5k | $22.92 |
| − Vacancy | −$6.8k | −$1.97 |
| EGI | $71.7k | $20.95 |
| − OpEx | −$17.9k | −$5.24 |
| NOI | $53.8k | $15.71 |
3,425 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$768.7K
$672.7K – $896.9K
NOI $53,812 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$497.5K
$435.3K – $580.4K
NOI $34,824 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.03M
$897.8K – $1.20M
NOI $71,825 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dr. Maisy S. ...
Dental Office
Thomas C. Kopan, ...
Physician
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Theater & Performing Art Venue
Jon D. Emberland, ...
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Vintage Design Inc
Interior Design
Similar Places Nearby
- Palm Desert Pet Hospital — 41990 Cook St B201, Palm Desert, CA 92211
Location Insight
- Map
- Local Demand
- City
- Palm Desert
- County
- Riverside
- State
- California
- Longitude
- -116.355
- Latitude
- 33.7475
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FAQs
What type of property is this?
Medical Office Space - 3,425 SF Class A medical office condo for sale.
Where is this medical office space located?
The property is located at 41990 Cook St Ste E502 Palm Desert, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Turnkey ±3,425 SF medical office in a Class A building, ready for immediate occupancy.; Prime central location near I‑10, Cook Street, and Fred Waring Drive, offering excellent regional access.; CPS zoning allows for medical office, general office, or specialty clinic use.
