Mid-Century Office
For Sale
$1,999,500
72067 Hwy 111, Rancho Mirage, CA 92270
Commercial Sale, Rancho Mirage, CA
Property Size4,587 SF
Lot Size0.23 Acres
Price / SF$435.91
Days on Market452
Property Features for 72067 Hwy 111
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot, Open, Assigned, On Street
Lot features
Landscaped, Landscaped
Subdivision
321 - Rancho Mirage
Standard status
Active
APN
682350001
Size
4,587 SF
Lot size
0.23 Acres
Utilities
Heating system
Baseboard, Central
Building Details
Year built
1974
Floors in Building
2
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Susan Harvey · License #00957590
(760) 250-8992
Added: Jul 11, 2025
Changed: Oct 2
Last Checked: Oct 5 at 3:06PM
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.
Investment Insights
Based on property information with market context.
Built in 1974, this 4,587-square-foot office building combines a mid-century modern design with a practical commercial layout. The interior includes four offices, a lobby/showroom, three restrooms, and a kitchenette/breakroom. A grand staircase, floor-to-ceiling windows, and designer finishes contribute to the building’s architectural character, while extensive tenant improvements support builder or designer-oriented use.
The property occupies 0.23 acres along Highway 111 in Rancho Mirage, within the Coachella Valley. The corridor averages 78,733 cars per day, and the site offers access to the surrounding Desert Cities. Nearby River Rancho Mirage provides dining, entertainment, and retail amenities, including Dave & Buster’s, The Cheesecake Factory, P.F. Chang’s, Cinemark Century Theaters, The Yard House, and R.E.I. Parking options include an open parking area, parking lot spaces, assigned parking, and on-street parking.
The property occupies 0.23 acres along Highway 111 in Rancho Mirage, within the Coachella Valley. The corridor averages 78,733 cars per day, and the site offers access to the surrounding Desert Cities. Nearby River Rancho Mirage provides dining, entertainment, and retail amenities, including Dave & Buster’s, The Cheesecake Factory, P.F. Chang’s, Cinemark Century Theaters, The Yard House, and R.E.I. Parking options include an open parking area, parking lot spaces, assigned parking, and on-street parking.
Key Highlights
- 4,587‑square‑foot office building constructed in 1974
- 0.23‑acre property on Highway 111 in Rancho Mirage
- Average corridor traffic of 78,733 cars per day
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
78,733 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
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 - Distinctive office property with showroom space, private offices, and designer finishes.
Where is this office building located?
The property is located at 72067 Hwy 111 Rancho Mirage, CA.
What is the asking price?
The asking price for this property is $1,999,500.
What are key features of this property?
This property features: 4,587‑square‑foot office building constructed in 1974; 0.23‑acre property on Highway 111 in Rancho Mirage; Average corridor traffic of 78,733 cars per day
