Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Palm Desert Condo Near El Paseo Title is generated by Realmo AI

    72682 Thrush Road, Palm Desert, CA 92260

    View on Map
    Claim this Listing
    For Sale
    $230,000

    Charming 2-bedroom condo near El Paseo's shopping and dining.

    Type:Condominium
    Property size:
    810 SF
    Price / SF:
    $283/SF
    Added:
    Aug 6, 2025
    Days on Market:
    301
    Last Refresh:
    May 19 at 8:53 pm

    Property Features for 72682 Thrush Road

    General Information

    Standard status
    Active
    Size
    810 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    COLDWELL BANKER REALTY

    Listing agent COLDWELL BANKER REALTY License #10401209339

    Listing office COLDWELL BANKER REALTY

    Listing date Aug 6, 2025

    Source Kw

    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 COLDWELL BANKER REALTY

    HighLights

    • Prime location: Steps from El Paseo's world‑class shopping and dining.
    • Ground‑floor, single‑level condo for easy access and convenience.
    • Low HOA includes water, trash, earthquake insurance, and pool/spa access.
    • Potential for $15,000 in down payment and closing cost credits (if criteria are met).
    • Community pool and spa within lushly landscaped grounds.
    • Open layout with large windows providing ample natural light.

    Overview

    This single-level, ground-floor condo offers comfort and convenience in a desirable location, situated just off Highway 74 and minutes from shopping and dining on El Paseo. The property features an open layout with large windows that bring in natural light. It includes 2 bedrooms and 1 bathroom. The property size is 810 square feet. Residents can enjoy the landscaped grounds and unwind in the community pool and spa. The low HOA includes water, trash, and earthquake insurance, as well as access to the pool and spa. This condo is suitable as a full-time residence, weekend getaway, or investment property.

    Local Financial Insights For Apartment 5plus

    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 $24.3k $30.00
    − Vacancy −$462 −$0.57
    EGI $23.8k $29.43
    − OpEx −$10.7k −$13.24
    NOI $13.1k $16.19
    810 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $187.3K
    $163.9K – $218.5K (±1% cap)
    NOI $13,111 @ 7.0% cap · market cap 5.70%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $242.7K
    $212.3K – $283.1K (±1% cap)
    NOI $16,986 @ 7.0% cap · market cap 7.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3965462
    Latitude
    33.7061267

    Nearby Similar for Sale

    • $2,950,000
      9,506 SF

      Palm Desert Multi-Tenant Commercial Building

      9,506 SF multi-tenant building in the heart of Palm Desert.
      73993 Hwy 111, Palm Desert, CA 92260
      View Details
    • $5,967,000
      19,123 SF

      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
      View Details
    • $98,000
      754 SF

      Turnkey Hair Salon Opportunity

      Stylish, fully built-out hair salon in prime location for sale.
      73241 Highway 111, Palm Desert, CA 92260
      View Details
    • $1,050,000
      3,425 SF

      Turnkey Medical Office Condo

      3,425 SF Class A medical office condo for sale.
      41990 Cook St Ste E502, Palm Desert, CA 92211
      View Details
    • $6,999,000

      Landmark El Paseo Corner Property

      Iconic multi-use property in the heart of El Paseo.
      73640 El Paseo, Palm Desert, CA 92260
      View Details
    • $6,452,100
      14,256 SF

      El Paseo Retail Investment Opportunity

      Fully leased retail property on El Paseo Drive for sale.
      73200 El Paseo, Palm Desert, CA 92260
      View Details
    • $499,000
      1,391 SF

      Palm Desert Office Condominium

      One-story office condo in Venture Commerce Center, Palm Desert.
      73700 Dinah Shore Dr, Palm Desert, CA 92211
      View Details
    • $1,900,000

      El Paseo Retail Building

      Free-standing building in El Paseo's shopping and dining district.
      73940 El Paseo, Palm Desert, CA 92260
      View Details
    • $2,950,000
      9,506 SF

      Palm Desert Office Building

      Office building with owner/user opportunity in Palm Desert, CA.
      73993 Highway 111, Palm Desert, CA 92260
      View Details
    • $862,500

      Palm Desert Triplex Investment Opportunity

      Two adjacent triplexes, fully renovated, generating stabilized income in Palm Desert.
      44440 Acacia Dr, Palm Desert, CA 92260
      View Details
    • $865,000
      2,329 SF

      Modern Duplex in Palm Desert

      New construction duplex with pool and spa, income potential.
      44393 Lingo Ln, Palm Desert, CA 92260
      View Details
    • $6,452,100

      El Paseo Retail Investment Opportunity

      Fully leased retail property on El Paseo Drive.
      73200 El Paseo, Palm Desert, CA 92260
      View Details

    FAQs

    What type of property is this?
    Apartment building - Charming 2-bedroom condo near El Paseo's shopping and dining.
    Where is this apartment building located?
    The property is located at 72682 Thrush Road Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Prime location: Steps from El Paseo's world‑class shopping and dining.; Ground‑floor, single‑level condo for easy access and convenience.; Low HOA includes water, trash, earthquake insurance, and pool/spa access.
    (347) 783-4017
    We can help!
    Listing Contact
    COLDWELL BANKER REALTY
    Real Estate License ID: 10401209339
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    72682 Thrush Road, Palm Desert, CA 92260,
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!