Two-Building Office
7035 7045 Palm Highland, CA 92346
For Sale
$1,350,000
Two well-maintained office buildings with secured yards and ample parking, supported by flexible layouts for multiple business types.
Property Size3,644 SF
Lot Size0.39 Acres
Price / SF$370.47
Days on Market50
Property Features for 7035 7045 Palm
General Information
- Standard status
- Active
- Size
- 3,644 SF
- Lot size
- 0.39 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing Agency:
CENTURY 21 Top Producers
(951) 906-3800
Listed By:
MICHAEL STOFFEL · License #01322027
(951) 906-3800
Source:
Elliman
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 23 at 8:55AM
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 CENTURY 21 Top Producers
Investment Insights
Based on property information with market context.
This offering includes two professional office buildings totaling approximately 3,644 square feet on a 0.39-acre lot. The property is made up of separate street addresses, 7035 Palm Avenue and 7045 Palm Avenue, and features well-maintained office space with flexible layouts suitable for professional, medical, administrative, or service-based uses. Outside, the site includes secured yards, ample on-site parking, and well-kept grounds that support day-to-day operations.
The buildings are located in Highland along Palm Avenue and benefit from highly visible frontage. The property sits within the Employment District – Office Professional (OP) zoning designation. It is positioned near local amenities including restaurants, retail services, and the Highland civic center, with convenient access to SR-210, I-10, and SR-215 for employee and client travel.
For tenants and owner-users, the combination of two buildings and adaptable interior layouts can support a range of office users, from smaller professional teams to medical-leaning administrative operations. For buyers, the two-address configuration provides an investable office portfolio structure while maintaining a functional campus feel with secured outdoor areas and parking. The straightforward setup makes the property suitable for an operator seeking an in-town presence with practical access routes.
The buildings are located in Highland along Palm Avenue and benefit from highly visible frontage. The property sits within the Employment District – Office Professional (OP) zoning designation. It is positioned near local amenities including restaurants, retail services, and the Highland civic center, with convenient access to SR-210, I-10, and SR-215 for employee and client travel.
For tenants and owner-users, the combination of two buildings and adaptable interior layouts can support a range of office users, from smaller professional teams to medical-leaning administrative operations. For buyers, the two-address configuration provides an investable office portfolio structure while maintaining a functional campus feel with secured outdoor areas and parking. The straightforward setup makes the property suitable for an operator seeking an in-town presence with practical access routes.
Key Highlights
- Two professional office buildings totaling approx. 3,644 SF on a 0.39‑acre lot at 7035 and 7045 Palm Avenue
- Year built: 1971; well‑maintained office spaces with flexible layouts for professional, medical, administrative, or service uses
- Employment District – Office Professional (OP) zoning
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 | $62.1k | $17.04 |
| − Vacancy | −$4.9k | −$1.35 |
| EGI | $57.2k | $15.69 |
| − OpEx | −$14.3k | −$3.92 |
| NOI | $42.9k | $11.77 |
3,644 SF · lease $17.04/SF/yr · vacancy 7.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$612.7K
$536.1K – $714.9K
NOI $42,891 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$768.6K
$672.6K – $896.8K
NOI $53,805 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Innovative Product Brands
Production Facility
FAQs
What type of property is this?
Office building - Two well-maintained office buildings with secured yards and ample parking, supported by flexible layouts for multiple business types.
Where is this office building located?
The property is located at 7035 7045 Palm Highland, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two professional office buildings totaling approx. 3,644 SF on a 0.39‑acre lot at 7035 and 7045 Palm Avenue; Year built: 1971; well‑maintained office spaces with flexible layouts for professional, medical, administrative, or service uses; Employment District – Office Professional (OP) zoning
