Second-Floor Retail
For Sale
Contact for pricing
73350 El Paseo Ste 205, Palm Desert, CA 92260
Flexible commercial condo in a prominent Palm Desert commercial corridor with professional and retail use potential.
Property Size1,000 SF
Price / SF$383
Days on Market8
Property Features for 73350 El Paseo Ste 205
General Information
Standard status
Active
Size
1,000 SF
Class
B
Total Parking Spaces
2
Property subtype
Office, Retail
Zoning
D
Investment Type
Owner/User
Additional Details
Floor
2
Building Details
Year Built
1974
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Lyle & Associates
Listed By:
Arley Ryan · License #02198855
(760) 772-6400
Source:
Crexi
Added: Aug 27
Changed: Sep 2
Last Checked: Sep 2 at 2:10PM
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 Commercial Lyle & Associates
Investment Insights
Based on property information with market context.
This 1,000-square-foot retail condo occupies a second-floor suite within the Coble Building at 73350 El Paseo, Suite 205. Built in 1974, the property has an efficient layout that can accommodate professional or retail use, subject to applicable requirements. The suite is classified under zoning designation D.
The property is positioned on El Paseo in Palm Desert, a commercial corridor identified in the listing as one of the area’s prominent business destinations. Its condominium format and adaptable interior provide a defined commercial space for an owner-user or investor.
The property is positioned on El Paseo in Palm Desert, a commercial corridor identified in the listing as one of the area’s prominent business destinations. Its condominium format and adaptable interior provide a defined commercial space for an owner-user or investor.
Key Highlights
- 1,000 SF second‑floor retail and office condo
- Located at 73350 El Paseo Ste 205 in Palm Desert, CA 92260
- Efficient, flexible suite layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,240
$314.2K
Cap Rate 7%
$224,457
$224.5K
Cap Rate 9%
$174,578
$174.6K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$22.9K $22.92/SF
− Vacancy
−$2.0K −$1.97/SF
EGI
$20.9K $20.95/SF
− OpEx
−$5.2K −$5.24/SF
NOI
$15.7K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,240
Cap Rate 7%
$224,457
Cap Rate 9%
$174,578
Alternative Uses
Best Use
Office B
$224.5K
$196.4K – $261.9K
NOI $15,712 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$204.8K
$179.2K – $238.9K
NOI $14,334 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$299.6K
$262.1K – $349.5K
NOI $20,971 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 92260, CA
31,641
Population
21,659
Households
1.5
Avg Household Size
57
Median Age
38%
College-Educated
92%
High-School Grad
31.3 sq mi
ZIP Area
1,011
Density / Sq Mi
$72,252
Median Household Income
$41,810
Median Earnings
$1,654
Median Rent
$463,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial condo in a prominent Palm Desert commercial corridor with professional and retail use potential.
Where is this retail space located?
The property is located at 73350 El Paseo Ste 205 Palm Desert, CA.
What is the asking price?
The asking price for this property is $383,000.
What are key features of this property?
This property features: 1,000 SF second‑floor retail and office condo; Located at 73350 El Paseo Ste 205 in Palm Desert, CA 92260; Efficient, flexible suite layout
