Palm Springs Business Park
For Sale
$4,500,000
5000 5055 Calle San Raphael, Palm Springs, CA 92264
Three-building industrial and flex space on Indian lease land.
Property Size38,263 SF
Lot Size2.12 Acres
Price / SF$117.61
Days on Market106
Property Features for 5000 5055 Calle San Raphael
General Information
Standard status
Active
Size
38,263 SF
Lot size
2.12 Acres
Property subtype
Commercial
Listing Agency:
Coldwell Banker Commercial Lyle & Associates
(760) 772-6400
Listed By:
Marta Blodgett · License #01309501
(760) 772-6400
Source:
Elliman
Added: May 16
Changed: Aug 14
Last Checked: Aug 29 at 5:50AM
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
Investment Insights
Based on property information with market context.
Champion Business Park, located at the northeast corner of E Calle San Rafael and Gene Autry Trail, offers an opportunity to establish a business on Indian lease land. The property features a 3-building industrial warehouse totaling 38,263 square feet on a 2.12-acre lot. The M1-zoned property is located minutes from Freeway 111, providing connectivity for clients and suppliers. Situated on leased tribal land, Champion Business Park offers access to a Palm Springs location at a lower upfront cost compared to fee-simple properties, with long-term lease terms ensuring stability for business operations. The location is minutes from downtown Palm Springs and major highways. The property is suitable for retailers, automotive suppliers, and startups. Nearby attractions include Indian Canyons, VillageFest, and the Santa Rosa Mountains. The bike score is 33, the walk score is 27, and the transit score is 28.
Key Highlights
- Strategic location: Minutes from downtown Palm Springs and Freeway 111, providing excellent accessibility.
- Indian lease land advantage: Lower upfront cost compared to fee‑simple properties with long‑term lease terms.
- Versatile building features: 3‑Building industrial warehouse totaling 38,263 SF on a 2.12‑acre lot, providing ample space.
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
$314,210
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
6.98%
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%
$6,284,200
$6.3M
Cap Rate 7%
$4,488,714
$4.5M
Cap Rate 9%
$3,491,222
$3.5M
Market Conditions
NOI Build-Up for 38,263 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
$477.5K $12.48/SF
− Vacancy
−$28.7K −$0.75/SF
EGI
$448.9K $11.73/SF
− OpEx
−$134.7K −$3.52/SF
NOI
$314.2K $8.21/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
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%
$6,284,200
Cap Rate 7%
$4,488,714
Cap Rate 9%
$3,491,222
Alternative Uses
Best Use
Industrial
$4.49M
$3.93M – $5.24M
NOI $314,210 @ 7.0% cap · market cap 6.98%
Second Best
Flex RnD
$4.17M
$3.65M – $4.86M
NOI $291,766 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$11.46M
$10.03M – $13.37M
NOI $802,406 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Three-building industrial and flex space on Indian lease land.
Where is this flex space located?
The property is located at 5000 5055 Calle San Raphael Palm Springs, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Strategic location: Minutes from downtown Palm Springs and Freeway 111, providing excellent accessibility.; Indian lease land advantage: Lower upfront cost compared to fee‑simple properties with long‑term lease terms.; Versatile building features: **3‑Building industrial warehouse totaling 38,263 SF on a 2.12‑acre lot**, providing ample space.
