Flex Space with Loading
For Sale
$8,246,500
45585 Commerce St, Indio, CA 92201
Warehouse and office configuration supports single-occupant or multi-tenant operation.
Property Size66,116 SF
Lot Size4.46 Acres
Price / SF$124.73
Days on Market319
Property Features for 45585 Commerce St
General Information
Standard status
Active
Size
66,116 SF
Lot size
4.46 Acres
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Opportunity Zone
Yes
Amenities
break room
3
Corner Lot.
Corner.
Building Details
Year Built
1970
Year Renovated
2022
Listing Agency:
(760) 360-8200
Listed By:
Desert Pacific Properties
Source:
Xome
Added: Oct 16, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:10PM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This 66,116-square-foot flex facility occupies 4.46 acres and combines two expansive warehouse areas with ten fully air-conditioned offices. The building also contains a break room, four restrooms, six storage units, and 23 roll-up doors. Loading infrastructure includes both covered and uncovered docks, while the secure fenced yard adds enclosed exterior space. A 2022 roof replacement is also in place.
Located at 45585 Commerce St in Indio, the property is approximately one-half mile from I-10 and sits on a corner lot. The site is within a federally qualified Opportunity Zone and is surrounded by Quinn CAT Construction Equipment, FIND Food Bank, U.S. Border Patrol, AmeriGas, and Desert Arc. Its configuration accommodates use as one warehouse-office facility or as a multi-tenant property.
Located at 45585 Commerce St in Indio, the property is approximately one-half mile from I-10 and sits on a corner lot. The site is within a federally qualified Opportunity Zone and is surrounded by Quinn CAT Construction Equipment, FIND Food Bank, U.S. Border Patrol, AmeriGas, and Desert Arc. Its configuration accommodates use as one warehouse-office facility or as a multi-tenant property.
Key Highlights
- 66,116‑square‑foot warehouse/office facility on 4.46 acres
- Two large open warehouse areas with 23 roll‑up doors
- Ten fully air‑conditioned offices, break room, and four restrooms
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
$659,277
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
7.99%
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%
$13,185,540
$13.2M
Cap Rate 7%
$9,418,243
$9.4M
Cap Rate 9%
$7,325,300
$7.3M
Market Conditions
NOI Build-Up for 66,116 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
$825.1K $12.48/SF
− Vacancy
−$49.5K −$0.75/SF
EGI
$775.6K $11.73/SF
− OpEx
−$116.3K −$1.76/SF
NOI
$659.3K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$13,185,540
Cap Rate 7%
$9,418,243
Cap Rate 9%
$7,325,300
Alternative Uses
Best Use
Office B
$14.84M
$12.98M – $17.31M
NOI $1,038,792 @ 7.0% cap · market cap 12.60%
Second Best
Warehouse
$9.42M
$8.24M – $10.99M
NOI $659,277 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$19.81M
$17.33M – $23.11M
NOI $1,386,506 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- BIRRIERIA SINALOA STREET TACOS — 84165 CA-111, Indio, CA 92201
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration supports single-occupant or multi-tenant operation.
Where is this flex space located?
The property is located at 45585 Commerce St Indio, CA.
What is the asking price?
The asking price for this property is $8,246,500.
What are key features of this property?
This property features: 66,116‑square‑foot warehouse/office facility on 4.46 acres; Two large open warehouse areas with 23 roll‑up doors; Ten fully air‑conditioned offices, break room, and four restrooms
