Palm Desert Retail on
72261 Highway 111 Palm Desert, CA 92260
72261 Highway 111, Palm Desert, CA, 92260
$5,967,000
For Sale
$5,967,000
Retail space on major Coachella Valley thoroughfare, CA Hwy 111.
Property Size19,123 SF
Lot Size2.57 Acres
Price / SF$312.03
Days on Market256
Property Features for 72261 Highway 111
General Information
- Standard status
- Active
- Size
- 19,123 SF
- Lot size
- 2.57 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
SYNERGY REAL ESTATE
(562) 696-6515
Listed by
RICHARD PARK · License #01303893
Source
Corcoran
Added: Nov 6, 2025 Checked: Jul 19 at 3:56 am
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 SYNERGY REAL ESTATE
Investment Insights
Based on property information with market context.
This retail space is located on a major thoroughfare, California Highway 111, throughout the Coachella Valley. It is situated within a daily needs center in the retail epicenter of the Coachella Valley, surrounded by a variety of boutiques, thrift stores, and major retailers. The property is located in the heart of Palm Desert, a hub for shopping, dining, and entertainment. Highway 111 is home to many of Palm Desert’s major retailers, including Target, Saks Off Fifth, Bed Bath and Beyond, Marshall’s, TJ Maxx, and Nordstrom Rack. Monterey Avenue, another popular thoroughfare, features shopping plazas and major retailers like Walmart, Sam’s Club, and Lowe’s. The location is considered affluent and is near country clubs, set against the backdrop of the San Jacinto Mountains. The Coachella Valley features over 150 golf courses, and home prices in the area range from $1 million to $40 million. The property size is 19123 square feet.
Key Highlights
- Prime street front retail location on CA Hwy 111, a major thoroughfare in Coachella Valley.
- Located in a daily needs center within a retail epicenter.
- Hub location for shopping, dining, and entertainment in Palm Desert.
Local Financial Insights For Retail
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 | $413.1k | $21.60 |
| − Vacancy | −$21.5k | −$1.12 |
| EGI | $391.6k | $20.48 |
| − OpEx | −$117.5k | −$6.14 |
| NOI | $274.1k | $14.33 |
19,123 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.92M
$3.43M – $4.57M
NOI $274,104 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.73M
$5.01M – $6.68M
NOI $401,025 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space on major Coachella Valley thoroughfare, CA Hwy 111.
Where is this retail space located?
The property is located at 72261 Highway 111 Palm Desert, CA.
What is the asking price?
The asking price for this property is $5,967,000.
What are key features of this property?
This property features: Prime street front retail location on CA Hwy 111, a major thoroughfare in Coachella Valley.; Located in a daily needs center within a retail epicenter.; Hub location for shopping, dining, and entertainment in Palm Desert.
