Mid-Century Modern Retail
72067 Hwy 111 Rancho Mirage, CA 92270
For Sale
$2,199,900
Retail/commercial suite includes four offices, lobby/showroom, and three restrooms plus a kitchenette/breakroom.
Property Size4,587 SF
Price / SF$479.59
Days on Market380
Property Features for 72067 Hwy 111
General Information
- Standard status
- Active
- Size
- 4,587 SF
- Property subtype
- Office
Building Details
- Year Built
- 1974
Listing Agency:
(760) 360-8200
Listed By:
Desert Pacific Properties
Source:
Xome
Added: Jul 9, 2025
Changed: Jul 23
Last Checked: Jul 23 at 7:34AM
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.
Iconic mid-century modern commercial property on a major retail corridor, offered for sale or lease. The available retail/commercial space totals 4,587 SF and is configured with four offices, a lobby/showroom area, three restrooms, and a kitchenette/breakroom. The building features floor-to-ceiling windows and a grand staircase, with designer finishes throughout.
The property is located on Highway 111 in Rancho Mirage, with easy access to surrounding Desert Cities. The public remarks note average daily traffic of 78,733 cars per day along the corridor.
As described, the offering includes extensive tenant improvements that may support a builder or designer use, while maintaining a retail/commercial presentation with dedicated office and support areas.
The property is located on Highway 111 in Rancho Mirage, with easy access to surrounding Desert Cities. The public remarks note average daily traffic of 78,733 cars per day along the corridor.
As described, the offering includes extensive tenant improvements that may support a builder or designer use, while maintaining a retail/commercial presentation with dedicated office and support areas.
Key Highlights
- 4,587 SF retail/commercial space with four offices, lobby/showroom, and three restrooms
- Includes a kitchenette/breakroom and 3 guest facilities
- Mid‑century modern architectural design with grand staircase and floor‑to‑ceiling windows
Financial Insights For Office B
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 | $105.1k | $22.92 |
| − Vacancy | −$9.0k | −$1.97 |
| EGI | $96.1k | $20.95 |
| − OpEx | −$24.0k | −$5.24 |
| NOI | $72.1k | $15.71 |
4,587 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$900.9K – $1.20M
NOI $72,069 @ 7.0% cap · market cap 3.28%
Second Best
Retail
$939.3K
$821.9K – $1.10M
NOI $65,749 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,193 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Retail/commercial suite includes four offices, lobby/showroom, and three restrooms plus a kitchenette/breakroom.
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 $2,199,900.
What are key features of this property?
This property features: 4,587 SF retail/commercial space with four offices, lobby/showroom, and three restrooms; Includes a kitchenette/breakroom and 3 guest facilities; Mid‑century modern architectural design with grand staircase and floor‑to‑ceiling windows
