Red Robin NNN Retail
For Sale
Contact for pricing
72-797 Dinah Shore Dr, Rancho Mirage, CA 92270
Commercially zoned retail property identified with the Red Robin name and an NNN classification.
Property Size6,600 SF
Price / SF$348.48
Days on Market159
Property Features for 72-797 Dinah Shore Dr
General Information
Standard status
Active
Size
6,600 SF
Total Parking Spaces
66
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$100,000
Additional Details
Cap Rate
4.35%
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Joseph Chichester · License #CA 01915138
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 12:36PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This retail property is identified with the Red Robin name and classified among NNN properties. The building contains 6,600 square feet and was completed in 2004, providing a defined commercial asset with an established physical footprint.
Located at 72-797 Dinah Shore Dr in Rancho Mirage, California, the property carries Commercial zoning. The listing reflects a 4.35% CAP rate and places the asset within the retail property category.
Located at 72-797 Dinah Shore Dr in Rancho Mirage, California, the property carries Commercial zoning. The listing reflects a 4.35% CAP rate and places the asset within the retail property category.
Key Highlights
- NNN property classification
- 6,600 square feet of retail space
- 4.35% CAP rate
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
$94,603
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
4.11%
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%
$1,892,060
$1.9M
Cap Rate 7%
$1,351,471
$1.4M
Cap Rate 9%
$1,051,144
$1.1M
Market Conditions
NOI Build-Up for 6,600 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
$142.6K $21.60/SF
− Vacancy
−$7.4K −$1.12/SF
EGI
$135.1K $20.48/SF
− OpEx
−$40.5K −$6.14/SF
NOI
$94.6K $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 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%
$1,892,060
Cap Rate 7%
$1,351,471
Cap Rate 9%
$1,051,144
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.58M
NOI $94,603 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,407 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 92270, CA
16,999
Population
14,936
Households
1.1
Avg Household Size
66
Median Age
47%
College-Educated
95%
High-School Grad
25.6 sq mi
ZIP Area
664
Density / Sq Mi
$109,943
Median Household Income
$60,084
Median Earnings
$1,575
Median Rent
$747,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Commercially zoned retail property identified with the Red Robin name and an NNN classification.
Where is this nnn property located?
The property is located at 72-797 Dinah Shore Dr Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: NNN property classification; 6,600 square feet of retail space; 4.35% CAP rate
