73993 Hwy 111, Palm Desert, CA 92260
Multi-tenant medical and professional facility with covered parking and strong highway-corner visibility.
- Added:
- Mar 31, 2026
- Days on Market:
- 76
- Last Refresh:
- Jun 14 at 1:36 am
Property Features for 73993 Hwy 111
General Information
- Standard status
- Active
- Size
- 9,506 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2000
Listing agent Desert Pacific Properties
Listing office (760) 360-8200
Listing date Mar 31, 2026
Source Xome
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
HighLights
- 9,506 SF multi‑tenant commercial building designed for medical/professional use
- Built in 2000
- Signalized corner location at Highway 111 and Portola Ave with 54,071 average cars per day
- Corner lot with covered parking onsite
- 6,000 SF lower level on a month‑to‑month master lease
- Multi‑tenant setup includes additional space beyond the lower level
Overview
The building is located on a signalized corner at Highway 111 and Portola Ave in Palm Desert. The property benefits from high traffic exposure with an average of 54,071 cars per day, and it is positioned near El Paseo, the Coachella Valley’s retail and dining destination with a range of well-known retailers and restaurants.
For buyers and owner-users, the combination of an income-producing lower level on a flexible month-to-month basis and additional tenant occupancy on the upper level can align well with users looking for a medical or professional headquarters with established tenancy and practical parking support. Please note that tenants are not to be disturbed; contact the listing office for additional details.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Palm Desert
- County
- Riverside
- State
- California
- Longitude
- -116.360178
- Latitude
- 33.720541
