General Commercial Land
42462-4214 Rancho Mirage Lane Rancho Mirage, CA 92270
42462-4214 Rancho Mirage Lane, Rancho Mirage, CA, 92270
Contact for pricing
For Sale
Contact for pricing
Six contiguous parcels zoned C-G, recently connected to city sewer, positioned near Highway 111 in Rancho Mirage.
Property Size5,771 SF
Lot Size1.25 Acres
Price / SF$387.28
Days on Market23
Property Features for 42462-4214 Rancho Mirage Lane
General Information
- Standard status
- Active
- Size
- 5,771 SF
- Lot size
- 1.25 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1961
Listing agency
Meade Commercial
(760) 409-1532
Listed by
Kate Rust · License #01267678
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 2:16AM Checked: Jul 21 at 8:17AM
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 Meade Commercial
Investment Insights
Based on property information with market context.
Two separate acquisition opportunities or a combined portfolio totaling six contiguous parcels are offered in Rancho Mirage, zoned C-G (General Commercial). The portfolio includes improved land with two existing standalone buildings, as well as an additional development parcel for future expansion or redevelopment. Recently connected to city sewer, the offering is presented as-is, where-is.
The properties are located just steps from Highway 111 and across from The River at Rancho Mirage. The configuration provides immediate proximity to commercial, medical, and hospitality uses, with convenient access to regional destinations in the Coachella Valley.
The properties are located just steps from Highway 111 and across from The River at Rancho Mirage. The configuration provides immediate proximity to commercial, medical, and hospitality uses, with convenient access to regional destinations in the Coachella Valley.
Key Highlights
- 1.25‑acre commercial land assemblage in Rancho Mirage consisting of six contiguous parcels, zoned C‑G (General Commercial).
- Just steps from Highway 111 with access and exposure to nearby retail, medical, hospitality, and entertainment destinations.
- 42462–42414 Rancho Mirage Lane APN 684‑255‑018 (.41 AC) includes two existing standalone buildings plus an additional ~6,000‑SF development parcel.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.3k | $22.92 |
| − Vacancy | −$11.4k | −$1.97 |
| EGI | $120.9k | $20.95 |
| − OpEx | −$30.2k | −$5.24 |
| NOI | $90.7k | $15.71 |
5,771 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,672 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,023 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Six contiguous parcels zoned C-G, recently connected to city sewer, positioned near Highway 111 in Rancho Mirage.
Where is this commercial land located?
The property is located at 42462-4214 Rancho Mirage Lane Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $2,235,000.
What are key features of this property?
This property features: 1.25‑acre commercial land assemblage in Rancho Mirage consisting of six contiguous parcels, zoned C‑G (General Commercial).; Just steps from Highway 111 with access and exposure to nearby retail, medical, hospitality, and entertainment destinations.; 42462–42414 Rancho Mirage Lane APN 684‑255‑018 (.41 AC) includes two existing standalone buildings plus an additional ~6,000‑SF development parcel.
