Two-Story Office Building with Development
For Sale
$3,999,900
74090 El Paseo Unit 101, Palm Desert, CA 92260
Two-story office property plus a vacant buildable parcel with dual frontage on El Paseo and Highway 111.
Property Size12,870 SF
Price / SF$310.79
Days on Market71
Property Features for 74090 El Paseo Unit 101
General Information
Standard status
Active
Size
12,870 SF
Property subtype
General Commercial
Zoning
D & D-O
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1978
Stories
2
Listing Agency:
(760) 621-0395
Listed By:
Equity Union
Source:
Xome
Added: May 28
Changed: Jul 10
Last Checked: Aug 5 at 7:30AM
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 Equity Union
Investment Insights
Based on property information with market context.
The offering includes 3 APNs and an existing two-story professional office building totaling 12,870 SF, along with a vacant front parcel. The property is described as having zoning of D & D-O. Dedicated on-site parking is provided to serve both the existing building and the front parcel. A portion of the site also has conceptual plans described as an approximate 2,500 SF building footprint with the potential to support up to approximately 4,000 SF of additional two-story space for retail, office, or medical uses, subject to buyer verification and City approvals.
Located on world-famous El Paseo, the property benefits from south-facing frontage for visibility and access along the corridor. In addition, the northern portion fronts Highway 111, described as a primary commuter and commercial artery, with traffic counts exceeding approximately 30,000-plus vehicles per day.
This configuration supports multiple paths for buyers and tenants seeking an owner-user setup, with an operational office asset in place and a separately developable area for future retail, office, or medical development. The dual-corridor frontage and existing improvements make it suitable for businesses looking for both current space and the option to expand or reconfigure the site, subject to City approvals and verification.
Located on world-famous El Paseo, the property benefits from south-facing frontage for visibility and access along the corridor. In addition, the northern portion fronts Highway 111, described as a primary commuter and commercial artery, with traffic counts exceeding approximately 30,000-plus vehicles per day.
This configuration supports multiple paths for buyers and tenants seeking an owner-user setup, with an operational office asset in place and a separately developable area for future retail, office, or medical development. The dual-corridor frontage and existing improvements make it suitable for businesses looking for both current space and the option to expand or reconfigure the site, subject to City approvals and verification.
Key Highlights
- 12,870 SF two‑story professional office building plus a vacant buildable parcel
- Dual‑corridor exposure with south‑facing frontage on El Paseo and frontage on Highway 111
- Highway 111 traffic counts exceed approximately 30,000+ vehicles per day (per provided info)
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 | $295.0k | $22.92 |
| − Vacancy | −$25.4k | −$1.97 |
| EGI | $269.6k | $20.95 |
| − OpEx | −$67.4k | −$5.24 |
| NOI | $202.2k | $15.71 |
12,870 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.89M
$2.53M – $3.37M
NOI $202,209 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$2.64M
$2.31M – $3.07M
NOI $184,475 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$3.86M
$3.37M – $4.50M
NOI $269,894 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 92260, CA
31,641
Population
21,659
Households
1.5
Avg Household Size
57
Median Age
38%
College-Educated
92%
High-School Grad
31.3 sq mi
ZIP Area
1,011
Density / Sq Mi
$72,252
Median Household Income
$41,810
Median Earnings
$1,654
Median Rent
$463,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office property plus a vacant buildable parcel with dual frontage on El Paseo and Highway 111.
Where is this office building located?
The property is located at 74090 El Paseo Unit 101 Palm Desert, CA.
What is the asking price?
The asking price for this property is $3,999,900.
What are key features of this property?
This property features: 12,870 SF two‑story professional office building plus a vacant buildable parcel; Dual‑corridor exposure with south‑facing frontage on El Paseo and frontage on Highway 111; Highway 111 traffic counts exceed approximately 30,000+ vehicles per day (per provided info)
