Palm Desert Office Building

73993 Highway 111 Palm Desert, CA 92260

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Office building with owner/user opportunity in Palm Desert, CA.

Type:RETAIL
Property size:
9,506 SF
Price / SF:
$310/SF
Added:
May 5, 2026
Days on Market:
69
Last Refresh:
May 8 at 3:30 am

Property Features for 73993 Highway 111

General Information

Standard status
Active
Size
9,506 SF
Property subtype
RETAIL

Listing office Desert Pacific Properties

Listing date May 5, 2026

Source Moodyscre

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 office building offers a total area of 9,506 square feet. The 6,000 square foot lower level is currently under a month-to-month master lease. The property presents an opportunity for owner-users, with high-quality tenants occupying the second level.

Key Highlights

  • Ideal owner/user opportunity
  • 6,000 SF lower level available
  • High‑quality tenants on the second level

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $217.9k $22.92
− Vacancy −$18.7k −$1.97
EGI $199.1k $20.95
− OpEx −$49.8k −$5.24
NOI $149.4k $15.71
9,506 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.13M
$1.87M – $2.49M (±1% cap)
NOI $149,355 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M (±1% cap)
NOI $199,349 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Auto Repair Shop Big Box & Wholesale Store Storage Facility Parking Lot & Garage Auto Parts Store Grocery & Convenience Store Electrical Service Garden Center Bakery Wine and Liquor Store

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

FAQs

What type of property is this?
Office building - Office building with owner/user opportunity in Palm Desert, CA.
Where is this office building located?
The property is located at 73993 Highway 111 Palm Desert, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Ideal owner/user opportunity; 6,000 SF lower level available; High‑quality tenants on the second level
Contact an agent
(760) 250-8992 Call to check price and availability
More about this property
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