Retail Showroom with Mid-Century
72067 Hwy 111, Rancho Mirage, CA 92270
For Sale
$1,974,500
Commercial Sale, Rancho Mirage, CA
Property Size4,587 SF
Lot Size0.23 Acres
Price / SF$430.46
Days on Market493
Property Features for 72067 Hwy 111
General Information
Property type
Property subtype
Parking features
Lot features
Subdivision
Standard status
APN
Size
Lot size
Utilities
Heating system
Building Details
Year built
Floors in Building
Listing Agency:
Desert Pacific Properties
Listed By:
Susan Harvey · License CA #00957590
(760) 360-8200
Added: Jul 11, 2025
Changed: Nov 5
Last Checked: Nov 15 at 6:06AM
MLS# 219132603
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,587-square-foot retail and commercial building, completed in 1974, features four offices, a lobby and showroom, three restrooms, and a kitchenette and breakroom. Architectural details include a grand staircase and floor-to-ceiling windows. The 0.23-acre property also has open, on-street, assigned, and parking-lot options, with central and baseboard heating.
The building fronts Highway 111 in Rancho Mirage, within a retail corridor. Average daily traffic is 78,733 vehicles. The River Rancho Mirage, a dining, entertainment, and retail center, is nearby and includes Dave & Buster's, The Cheesecake Factory, P.F. Chang's, Cinemark Century Theaters, The Yardhouse, and R.E.I.
The building fronts Highway 111 in Rancho Mirage, within a retail corridor. Average daily traffic is 78,733 vehicles. The River Rancho Mirage, a dining, entertainment, and retail center, is nearby and includes Dave & Buster's, The Cheesecake Factory, P.F. Chang's, Cinemark Century Theaters, The Yardhouse, and R.E.I.
Key Highlights
- 4,587 square feet of retail and commercial space
- Four offices, a lobby/showroom, three restrooms, and kitchenette/breakroom
- Grand staircase and floor‑to‑ceiling windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,749
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,980
$1.3M
Cap Rate 7%
$939,271
$939.3K
Cap Rate 9%
$730,544
$730.5K
Market Conditions
NOI Build-Up for 4,587 SF
Gross rent
$99.1K $21.60/SF
− Vacancy
−$5.2K −$1.12/SF
EGI
$93.9K $20.48/SF
− OpEx
−$28.2K −$6.14/SF
NOI
$65.7K $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 Rate 5%
$1,314,980
Cap Rate 7%
$939,271
Cap Rate 9%
$730,544
Alternative Uses
Best Use
Retail
$939.3K
$821.9K – $1.10M
NOI $65,749 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,193 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
78,733 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 38%
Apparel 1%
Beauty & Spa 1%
Yard House
Dining
38,601 visits/mo
0.3 miles
Olive Garden
Dining
27,104 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
26,257 visits/mo
0.3 miles
Dollar Tree
Shops & Services
15,469 visits/mo
0.4 miles
Outback Steakhouse
Dining
13,743 visits/mo
0.4 miles
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
$747,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Riverside County, CA
Properties on Market for Retail space in Riverside County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - A four-office layout includes a lobby and showroom, three restrooms, and a kitchenette with breakroom.
Where is this retail space located?
The property is located at 72067 Hwy 111 Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $1,974,500.
What are key features of this property?
This property features: 4,587 square feet of retail and commercial space; Four offices, a lobby/showroom, three restrooms, and kitchenette/breakroom; Grand staircase and floor‑to‑ceiling windows
