NNN
For Sale
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500 South Indian Canyon Drive, Palm Springs, CA 92264
C1-zoned commercial property built in 1959.
Property Size8,214 SF
Price / SF$439.50
Days on Market130
Property Features for 500 South Indian Canyon Drive
General Information
Standard status
Active
Size
8,214 SF
Property subtype
Retail, Land
Zoning
C1
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1959
Tenancy
Single
Listing Agency:
CBRE - Orange County
Listed By:
Jay Gomez · License #CA 01364065
(408) 453-7459
Source:
Crexi
Added: Jun 9
Changed: Oct 8
Last Checked: Oct 16 at 8:56AM
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 CBRE - Orange County
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Investment Insights
Based on property information with market context.
This commercial property encompasses 8,214 square feet and was constructed in 1959. The asset carries C1 zoning and is located at 500 South Indian Canyon Drive in Palm Springs, California.
Key Highlights
- 8,214‑square‑foot commercial property
- C1 zoning
- Constructed in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,738
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,354,760
$2.4M
Cap Rate 7%
$1,681,971
$1.7M
Cap Rate 9%
$1,308,200
$1.3M
Market Conditions
NOI Build-Up for 8,214 SF
Gross rent
$177.4K $21.60/SF
− Vacancy
−$9.2K −$1.12/SF
EGI
$168.2K $20.48/SF
− OpEx
−$50.5K −$6.14/SF
NOI
$117.7K $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%
$2,354,760
Cap Rate 7%
$1,681,971
Cap Rate 9%
$1,308,200
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,738 @ 7.0% cap · market cap 3.26%
Second Best
Specialty Retail
$1.48M
$1.29M – $1.73M
NOI $103,570 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,254 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - C1-zoned commercial property built in 1959.
Where is this nnn property located?
The property is located at 500 South Indian Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $3,610,018.
What are key features of this property?
This property features: 8,214‑square‑foot commercial property; C1 zoning; Constructed in 1959
