Mid-Century Retail Office
For Sale
Contact for pricing
72067 Highway 111, Rancho Mirage, CA 92270
Standalone building includes a lobby/showroom, four offices, and three restrooms with a kitchenette/breakroom.
Property Size4,587 SF
Price / SF$435.91
Days on Market458
Property Features for 72067 Highway 111
General Information
Standard status
Active
Size
4,587 SF
Property subtype
OFFICE
Additional Details
Office Units
4
Amenities
four offices
lobby/showroom
three restrooms
kitchenette/breakroom
Building Details
Construction
mid-century modern
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Susan Harvey · License #00957590
(760) 250-8992
Source:
Moodyscre
Added: Jul 11, 2025
Changed: Oct 5
Last Checked: Oct 10 at 1:38PM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This mid-century modern building offers a retail/commercial layout with a lobby/showroom, four offices, three restrooms, and a kitchenette/breakroom. The property includes extensive tenant improvements that may be advantageous for a builder or designer use.
The building is positioned on a major retail corridor and is available for sale or lease. Appointments are required, and the property should not be accessed without scheduling; call or text Emily Harvey at (760) 636-3500 for arrangements.
With the combination of office space and a dedicated lobby/showroom area, the interior configuration supports a client-facing environment while maintaining private work areas.
The building is positioned on a major retail corridor and is available for sale or lease. Appointments are required, and the property should not be accessed without scheduling; call or text Emily Harvey at (760) 636-3500 for arrangements.
With the combination of office space and a dedicated lobby/showroom area, the interior configuration supports a client-facing environment while maintaining private work areas.
Key Highlights
- Standalone retail/commercial building on a major retail corridor, available for sale or lease
- Interior includes a lobby/showroom plus four offices
- Three restrooms and a kitchenette/breakroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,069
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,380
$1.4M
Cap Rate 7%
$1,029,557
$1.0M
Cap Rate 9%
$800,767
$800.8K
Market Conditions
NOI Build-Up for 4,587 SF
Gross rent
$105.1K $22.92/SF
− Vacancy
−$9.0K −$1.97/SF
EGI
$96.1K $20.95/SF
− OpEx
−$24.0K −$5.24/SF
NOI
$72.1K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,380
Cap Rate 7%
$1,029,557
Cap Rate 9%
$800,767
Alternative Uses
Best Use
Office B
$1.03M
$900.9K – $1.20M
NOI $72,069 @ 7.0% cap · market cap 3.60%
Second Best
Retail
$939.3K
$821.9K – $1.10M
NOI $65,749 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,193 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,091
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Standalone building includes a lobby/showroom, four offices, and three restrooms with a kitchenette/breakroom.
Where is this office building located?
The property is located at 72067 Highway 111 Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $1,999,500.
What are key features of this property?
This property features: Standalone retail/commercial building on a major retail corridor, available for sale or lease; Interior includes a lobby/showroom plus four offices; Three restrooms and a kitchenette/breakroom included
