7035 7045 Palm Highland, CA 92346
For Sale
$1,350,000
Office buildings
Property Size3,644 SF
Lot Size0.39 Acres
Price / SF$370.47
Days on Market96
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: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 2:47AM
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.
Key Highlights
- Prime Highland location on highly visible Palm Avenue.
- Two well‑maintained office buildings totaling approximately 3,644 square feet on a 0.39‑acre lot.
- Flexible layouts suitable for professional, medical, administrative, or service‑based uses.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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: Prime Highland location on highly visible Palm Avenue.; Two well‑maintained office buildings totaling approximately 3,644 square feet on a 0.39‑acre lot.; Flexible layouts suitable for professional, medical, administrative, or service‑based uses.
