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    Turnkey Hair Salon Opportunity Title is generated by Realmo AI

    73241 Highway 111, Palm Desert, CA 92260

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    Claim this Listing
    For Sale
    $98,000

    COMMERCIAL - Palm Desert, CA

    Property size:
    754 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $129/SF
    Added:
    Feb 16, 2026
    Days on Market:
    88
    Last Refresh:
    May 15 at 6:06 pm

    Property Features for 73241 Highway 111

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Open, Parking Lot
    Security features
    Security Lighting
    Standard status
    Active
    APN
    627192033
    Size
    754 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Noah E Glenn

    Listing agent Noah E Glenn

    Listing office Keller Williams Realty 47100 Washington St. Ste 101, La Quinta, CA

    Listing date Feb 16, 2026

    MLS# 219143297

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully built‑out, stylish hair salon ready for immediate operation.
    • Prime location with existing clientele base.
    • Includes modern decor, salon stations, wash basins, reception, and retail display.
    • Turnkey sale of personal property; buyer to start a lease.
    • Excellent opportunity for experienced stylists or entrepreneurs.
    • Offered at $98,000.

    Overview

    This is a fully built-out hair salon located in Palm Desert, California. The property is a stylish, beautifully designed space ready for a new owner. It features modern decor, quality salon stations, wash basins, a reception area, and retail display space. The sale includes personal property only, with the buyer to start a lease. The property size is 754 square feet and it sits on a 1-acre lot. This is an excellent opportunity for an experienced stylist looking to expand or an entrepreneur ready to own a thriving salon business without the hassle of a full build-out. The salon has a loyal clientele base and strong potential for continued growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Nail Salon Pharmacy

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

    Similar Places Nearby

    • European Flower Power — 44-720 San Pablo Ave, Palm Desert, CA 92260
    • Milan's Flowers and Gifts — 73540 CA-111 #1, Palm Desert, CA 92260
    • Dr. Orchid Floral Design — 74065 CA-111, Palm Desert, CA 92260
    • Floris — 73647 CA-111, Palm Desert, CA 92260
    • Silverio's Flowers — 74065 CA-111, Palm Desert, CA 92260

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.38724
    Latitude
    33.720836

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    FAQs

    What type of property is this?
    Storefront property - Stylish, fully built-out hair salon in prime location for sale.
    Where is this storefront property located?
    The property is located at 73241 Highway 111 Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $98,000.
    What are key features of this property?
    This property features: Fully built‑out, stylish hair salon ready for immediate operation.; Prime location with existing clientele base.; Includes modern decor, salon stations, wash basins, reception, and retail display.
    (636) 351-9176
    We can help!
    Listing Contact
    Noah E Glenn
    Learn More
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    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.

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