Air-Conditioned Warehouse
New
For Sale
$399,500
73660 Dinah Shore Drive, Palm Desert, CA 92211
Commercial Sale, Palm Desert, CA
Property Size1,200 SF
Lot Size0.03 Acres
Price / SF$332.92
Days on Market2
Property Features for 73660 Dinah Shore Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
322 - Palm Desert North
Standard status
Active
APN
694061037
Size
1,200 SF
Lot size
0.03 Acres
Amenities
Hydraulic Vehicle Lift
Individual Electrical Panel
Water Connection
Utility Sink
Owners' Clubhouse
Shower Facilities
On-Site RV Dump Station
Secure 24/7 Gated Access
Building Details
Year built
2018
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Paula Turner · License #00702492
(760) 578-6564
Added: Sep 1
Last Checked: Sep 2 at 3:06PM
MLS# 219152087
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2018 warehouse condominium contains 1,200 square feet of air-conditioned storage in an east-facing 24-foot by 50-foot unit. The space offers 18- to 23-foot interior ceilings, an insulated high-lift roll-up door measuring 14 feet high by 14 feet wide, and an included hydraulic vehicle lift. An individual electrical panel, water connection, and utility sink support practical day-to-day use.
The property is approximately one-half mile east of I-10 at Monterey Avenue in Palm Desert. Access is secured through a gated entry available 24/7. Shared facilities include an owners’ clubhouse, shower amenities, and an on-site RV dump station.
The property is approximately one-half mile east of I-10 at Monterey Avenue in Palm Desert. Access is secured through a gated entry available 24/7. Shared facilities include an owners’ clubhouse, shower amenities, and an on-site RV dump station.
Key Highlights
- 1,200 SF air‑conditioned storage warehouse condominium
- 24' × 50' east‑facing unit with 18' to 23' interior ceiling height
- 14' H × 14' W insulated high‑lift roll‑up door
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
$11,966
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
3.00%
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%
$239,320
$239.3K
Cap Rate 7%
$170,943
$170.9K
Cap Rate 9%
$132,956
$133.0K
Market Conditions
NOI Build-Up for 1,200 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
$15.0K $12.48/SF
− Vacancy
−$899 −$0.75/SF
EGI
$14.1K $11.73/SF
− OpEx
−$2.1K −$1.76/SF
NOI
$12.0K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$239,320
Cap Rate 7%
$170,943
Cap Rate 9%
$132,956
Alternative Uses
Best Use
Warehouse
$170.9K
$149.6K – $199.4K
NOI $11,966 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.5K
$314.6K – $419.4K
NOI $25,165 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92211, CA
26,403
Population
20,152
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
94%
High-School Grad
14.8 sq mi
ZIP Area
1,784
Density / Sq Mi
$87,682
Median Household Income
$55,647
Median Earnings
$1,903
Median Rent
$535,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Secure storage condominium with vehicle lift, utility connections, and gated access with shared owner amenities.
Where is this warehouse located?
The property is located at 73660 Dinah Shore Drive Palm Desert, CA.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 1,200 SF air‑conditioned storage warehouse condominium; 24' × 50' east‑facing unit with 18' to 23' interior ceiling height; 14' H × 14' W insulated high‑lift roll‑up door
