Plaza at Sunrise Retail
555 S Sunrise Way, Palm Springs, CA 92264
For Sale
Contact for pricing
Retail property with General Neighborhood Commercial zoning and access from Sunrise Way and Ramon Road.
Property Size41,221 SF
Price / SF$339.63
Days on Market103
Property Features for 555 S Sunrise Way
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Additional Details
Road Access
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Strategic Retail Advisors
Listed By:
Blaine Bush · License CA #01175854
(949) 702-6600
Source:
Crexi
Added: Aug 4
Changed: Nov 12
Last Checked: Nov 12 at 6:43AM
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 Strategic Retail Advisors
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Investment Insights
Based on property information with market context.
Plaza at Sunrise is a retail property located at 555 S. Sunrise Way in Palm Springs. The property has a recorded size of 41,221 and was built in 1989. Its zoning is General Neighborhood Commercial.
Access is provided from Sunrise Way and Ramon Road, identified as primary routes serving Palm Springs. The property is positioned in the city’s main retail corridor, approximately one minute from Downtown Palm Springs and Palm Springs International Airport.
Access is provided from Sunrise Way and Ramon Road, identified as primary routes serving Palm Springs. The property is positioned in the city’s main retail corridor, approximately one minute from Downtown Palm Springs and Palm Springs International Airport.
Key Highlights
- 41,221 property size
- General Neighborhood Commercial zoning
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$590,852
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,817,040
$11.8M
Cap Rate 7%
$8,440,743
$8.4M
Cap Rate 9%
$6,565,022
$6.6M
Market Conditions
NOI Build-Up for 41,221 SF
Gross rent
$890.4K $21.60/SF
− Vacancy
−$46.3K −$1.12/SF
EGI
$844.1K $20.48/SF
− OpEx
−$253.2K −$6.14/SF
NOI
$590.9K $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%
$11,817,040
Cap Rate 7%
$8,440,743
Cap Rate 9%
$6,565,022
Alternative Uses
Best Use
Retail
$8.44M
$7.39M – $9.85M
NOI $590,852 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.35M
$10.81M – $14.41M
NOI $864,438 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
847
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
$498,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Riverside County, CA
Properties on Market for Retail space in Riverside County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with General Neighborhood Commercial zoning and access from Sunrise Way and Ramon Road.
Where is this retail space located?
The property is located at 555 S Sunrise Way Palm Springs, CA.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 41,221 property size; General Neighborhood Commercial zoning; Built in 1989
