For Sale
$4,400,000
707 745 Palm Canyon Dr, Palm Springs, CA 92262
Retail space
Property Size8,830 SF
Lot Size0.72 Acres
Price / SF$498.30
Days on Market98
Property Features for 707 745 Palm Canyon Dr
General Information
Standard status
Active
Size
8,830 SF
Lot size
0.72 Acres
Property subtype
Commercial
Building Details
Year Built
1962
Listing Agency:
(760) 668-2322
Listed By:
Mike Kassinger · License #02037333
(760) 668-2322
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 12:02PM
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 Mike Kassinger
Investment Insights
Based on property information with market context.
Key Highlights
- Iconic Mid‑Century Modern building designed by John Porter Clark and Albert Frey in 1962
- Located in the high‑traffic Uptown Design District of Palm Springs
- Anchored by two successful and established tenants: TRIO Restaurant and The SHAG Store art gallery
Financial Insights For Retail
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 | $190.7k | $21.60 |
| − Vacancy | −$9.9k | −$1.12 |
| EGI | $180.8k | $20.48 |
| − OpEx | −$54.2k | −$6.14 |
| NOI | $126.6k | $14.33 |
8,830 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,567 @ 7.0% cap · market cap 2.88%
Second Best
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,337 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.65M
$2.31M – $3.09M
NOI $185,172 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this retail space located?
The property is located at 707 745 Palm Canyon Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Iconic Mid‑Century Modern building designed by John Porter Clark and Albert Frey in 1962; Located in the high‑traffic Uptown Design District of Palm Springs; Anchored by two successful and established tenants: TRIO Restaurant and The SHAG Store art gallery
