Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    El Paseo Retail Opportunity Title is generated by Realmo AI

    73470 El Paseo Blvd., Palm Desert, CA 92260

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in Palm Desert's premier shopping district.

    Type:Retail
    Property size:
    70,646 SF
    Added:
    Nov 26, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 9:36 pm

    Property Features for 73470 El Paseo Blvd.

    General Information

    Standard status
    Active
    Size
    70,646 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1974

    Spaces For Lease

    at 73470 El Paseo Blvd. Contact us

    We can help!

    Listing Contact
    Sharon Carmichael
    Sharon Carmichael

    Listing agent Sharon Carmichael License #CalDRE #00995814

    Listing office Lee & Associates | East Bay

    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 Lee & Associates | East Bay

    HighLights

    • Located in the heart of El Paseo, the "Rodeo Drive" of the Desert, offering high‑end retail and dining.
    • Adjacent to Gardens on El Paseo and El Paseo Village, surrounded by premium retailers.
    • Located in Palm Desert's El Paseo trade area, known for luxurious golf resort communities and affluent residential neighborhoods.
    • Part of the El Paseo shopping district, featuring over 300 world‑class shops, boutiques, art galleries, jewelers, and fine restaurants.
    • Benefits from a 40% population increase during November to May due to seasonal residents.
    • Located 6 miles South of I‑10 and bordered by Hwy 111, San Pablo Avenue, El Paseo Drive and Lupine Lane

    Overview

    Located in Palm Desert's El Paseo trade area, El Paseo Square is surrounded by affluent residential neighborhoods, luxury golf resort communities, and high-end retailers. The property is situated 6 miles south of I-10 and is bordered by Hwy 111, San Pablo Avenue, El Paseo Drive, and Lupine Lane. The El Paseo shopping district features over 300 world-class shops, clothing boutiques, art galleries, jewelers, and fine restaurants. El Paseo Square is adjacent to the Gardens on El Paseo and El Paseo Village, along with premium retailers on El Paseo Drive. The property is positioned in the 'Rodeo Drive' of the Desert. From November to May, the Coachella Valley experiences a 40% population increase due to seasonal residents. The Valley welcomes over 5.1 million annual tourists who spend in excess of $4 billion. The property offers 70646 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.403
    Latitude
    33.675

    Nearby Similar for Lease

    • $1.00 SF/Yr
      3,678 SF

      Retail/Showroom Suite with Storage

      3,678 SF retail/showroom suite with storage area available for rent.
      77780 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $1.95 SF/Yr
      7,500 SF

      Turn-Key Restaurant Opportunity

      High-end restaurant space available in prestigious Palm Desert location.
      74225 Highway 111 Suite B, Palm Desert, CA 92260
      View Details
    • $2 SF/Yr
      3,425 SF

      Turnkey Medical Office Condo

      Class A medical office condo in Palm Desert for lease.
      41990 Cook St Ste E502, Palm Desert, CA 92211
      View Details
    • $12,000/Mo
      22,215 SF

      Palm Desert Commercial Space Available

      Move-in ready commercial space in the heart of Palm Desert.
      74883 Velie Way, Palm Desert, CA 92260
      View Details
    • $15,000/Mo
      8,000 SF

      Equipped Restaurant Space on Highway

      8000 sq ft restaurant space on Highway 111.
      74700 Highway 111, Palm Desert, CA 92260
      View Details
    • $1,700/Mo
      1,200 SF

      Palm Desert Commercial Space Available

      Air-conditioned warehouse/industrial space for lease in Palm Desert, CA.
      39402 Berkey, Palm Desert, CA 92211
      View Details
    • $2.00 SF/Yr
      4,055 SF

      El Paseo Retail Space

      Two-story retail suite in El Paseo shopping district.
      73151 El Paseo, Palm Desert, CA 92260
      View Details
    • $1.00 SF/Yr
      2,405 SF

      Versatile Flex Space with Warehouse

      2,405 SF suite featuring office and warehouse components.
      77760 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $1.00 SF/Yr
      2,326 SF

      Palm Desert Flex Space Available

      2,326 SF flex space with office and warehouse areas.
      77770 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $1.35 SF/Yr
      2,108 SF

      Palm Desert Office Suite Rental

      First-level office suite in high-visibility Palm Desert location.
      78000 Fred Waring Drive #103, Palm Desert, CA 92211
      View Details
    • $1.25 SF/Yr
      1,791 SF

      Turnkey Office Suite in Palm Desert

      Professionally built-out office suite in Country Club Corporate Plaza.
      77530 Enfield Lane, Building D, Palm Desert, CA 92211
      View Details
    • Contact for pricing
      12,027 SF

      Medical Building Suites For Lease

      Medical suites available for lease in Palm Desert, CA.
      73950 Alessandro Drive, Palm Desert, CA 92260
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in Palm Desert's premier shopping district.
    Where is this shopping center located?
    The property is located at 73470 El Paseo Blvd. Palm Desert, CA.
    What are key features of this property?
    This property features: Located in the heart of El Paseo, the "Rodeo Drive" of the Desert, offering high‑end retail and dining.; Adjacent to Gardens on El Paseo and El Paseo Village, surrounded by premium retailers.; Located in Palm Desert's El Paseo trade area, known for luxurious golf resort communities and affluent residential neighborhoods.
    (951) 445-4511
    We can help!
    Listing Contact
    Sharon Carmichael
    Sharon Carmichael
    Real Estate License ID: CalDRE #00995814
    Learn More
    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
    73470 El Paseo Blvd., 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!