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Highway 111 Stand-Alone Building

73120 California 111 Palm Desert, CA 92260

Claim this Listing
For Sale
$850,000

Stand-alone building fronting Highway 111 with ample parking.

Type:Retail/Office Building
Property size:
2,782 SF
Price / SF:
$305/SF
Added:
Nov 26, 2025
Days on Market:
228
Last Refresh:
May 9 at 3:28 am

Property Features for 73120 California 111

General Information

Standard status
Active
Size
2,782 SF
Property subtype
Retail/Office Building

Listing office

Listing date Nov 26, 2025

Source Lee-associates

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 Fabio Ceresa


Investment Insights

Based on property information with market context.

This stand-alone building, with a size of 2,782 square feet, fronts Highway 111 and is situated on a 10,890 square foot parcel. The property features ample parking and easy access, located near the intersection of Highway 111 and Monterey Avenue. It previously served as a veterinary office, with existing improvements in place.

Key Highlights

  • Rare stand‑alone building
  • Fronts Highway 111, offering excellent visibility
  • Ample parking for customers and staff

Local 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 $63.8k $22.92
− Vacancy −$5.5k −$1.97
EGI $58.3k $20.95
− OpEx −$14.6k −$5.24
NOI $43.7k $15.71
2,782 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$624.4K
$546.4K – $728.5K (±1% cap)
NOI $43,710 @ 7.0% cap · market cap 5.14%
Second Best
Retail
$569.7K
$498.5K – $664.6K (±1% cap)
NOI $39,877 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$833.4K
$729.3K – $972.4K (±1% cap)
NOI $58,341 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Retail space

FAQs

What type of property is this?
Retail space - Stand-alone building fronting Highway 111 with ample parking.
Where is this retail space located?
The property is located at 73120 California 111 Palm Desert, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Rare stand‑alone building; Fronts Highway 111, offering excellent visibility; Ample parking for customers and staff
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More about this property
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