Air-Conditioned Warehouse
New
For Sale
$399,500
73660 Dinah Shore Dr 108, Palm Desert, CA 92211
Gated commercial storage unit with utility connections, a hydraulic vehicle lift, and insulated roll-up access.
Property Size1,200 SF
Price / SF$332.92
Days on Market3
Property Features for 73660 Dinah Shore Dr 108
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
23 ft
Warehouse Space
1,200 SF
Drive-In Doors
1
Conditioned Warehouse
Yes
Building Details
Year Built
2018
Listing Agency:
Desert Pacific Properties
Listed By:
Paula Turner · License #00702492
(760) 360-8200
Source:
Elliman
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 2 at 5:23PM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This 1,200-square-foot warehouse condo is configured as an east-facing 24' x 50' unit with air conditioning. The space features 18'-23' ceilings, a hydraulic vehicle lift, and a 14'H x 14'W insulated high-lift roll-up door. Power, water, and a sink are provided within the unit.
The property is located at 73660 Dinah Shore Dr in Palm Desert, near the 10 Fwy. Gated access adds controlled entry for the warehouse condominium, while the combination of utility service, vertical clearance, and lift equipment supports a range of storage and commercial uses consistent with the property’s warehouse classification.
The property is located at 73660 Dinah Shore Dr in Palm Desert, near the 10 Fwy. Gated access adds controlled entry for the warehouse condominium, while the combination of utility service, vertical clearance, and lift equipment supports a range of storage and commercial uses consistent with the property’s warehouse classification.
Key Highlights
- 1,200 SF east‑facing warehouse condo
- 24' x 50' unit with 18'-23' ceilings
- 14'H x 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
Highway 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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- Laminate Flooring Warehouse — Thousand Palms, CA 92276
- Deser Self Storage facility — 72800 Dinah Shore Dr, Palm Desert, CA 92211
Frequently Asked Questions
What type of property is this?
Warehouse - Gated commercial storage unit with utility connections, a hydraulic vehicle lift, and insulated roll-up access.
Where is this warehouse located?
The property is located at 73660 Dinah Shore Dr 108 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 east‑facing warehouse condo; 24' x 50' unit with 18'-23' ceilings; 14'H x 14'W insulated high‑lift roll‑up door
