Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Palm Desert Commercial Space Available Title is generated by Realmo AI

    74883 Velie Way, Palm Desert, CA 92260

    View on Map
    Claim this Listing
    For Lease
    $12,000/Mo $6 SF/Yr (calc)

    COMMERCIAL - Palm Desert, CA

    Property size:
    22,215 SF
    Lot size:
    0.51 Acres
    Added:
    Jul 28, 2025
    Days on Market:
    293
    Last Refresh:
    May 16 at 9:06 pm

    Property Features for 74883 Velie Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    26
    Parking features
    On Street, Open, Assigned
    Security features
    Security Lighting
    Standard status
    Active
    APN
    624072008
    Size
    22,215 SF
    Lot size
    0.51 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1978
    Floors in Building
    1

    We can help!

    Listing Contact
    Susan Harvey
    Susan Harvey

    Listing agent Susan Harvey License #00957590

    Listing office Desert Pacific Properties 44267 Monterey Ave Ste. A, La Quinta, CA

    Listing date Jul 28, 2025

    MLS# 219133252

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Move‑in ready 1,600 SF office space.
    • Convenient location in the heart of Cook Street Business Area with easy access to I‑10 & Hwy 111.
    • Includes one loading bay with covered area.
    • Features 2 new HVAC mini splits.
    • Six truck sized parking spaces available.
    • Two restrooms.

    Overview

    This commercial property, located in the heart of the Cook Street Business Area of Palm Desert, California, offers a total of 22,215 square feet on a 0.51-acre lot. The property includes a 1,600 square foot office space. It features one loading bay with a covered area, two restrooms, and six truck-sized parking spaces. The property also includes two new HVAC mini splits. It is move-in ready and provides easy access to I-10 and Hwy 111. Current neighbors include Caliber Collision, Consolidated Electrical Distributors, Cam Stone's Automotive, Empire Window Tint, and Leo's Mirror & Glass. Ample parking is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Palms to Pines Towing Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Extra Space Storage — 74789 Joni Dr, Palm Desert, CA 92260
    • SecurCare Self Storage — 74876 42nd Ave, Palm Desert, CA 92260
    • ACE Self Storage Facility — Sego Ln, Palm Desert, CA 92211
    • Prime Storage — 75050 Merle Dr, Palm Desert, CA 92211
    • AAA Self Storage Units — 42210 Cook St suite h, Palm Desert, CA 92211

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.357514
    Latitude
    33.742137

    Nearby Similar for Lease

    • $1.00 SF/Yr
      3,678 SF

      Retail/Showroom Suite with Storage

      3,678 SF retail/showroom suite with storage area available for rent.
      77780 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $1.95 SF/Yr
      7,500 SF

      Turn-Key Restaurant Opportunity

      High-end restaurant space available in prestigious Palm Desert location.
      74225 Highway 111 Suite B, Palm Desert, CA 92260
      View Details
    • $2 SF/Yr
      3,425 SF

      Turnkey Medical Office Condo

      Class A medical office condo in Palm Desert for lease.
      41990 Cook St Ste E502, Palm Desert, CA 92211
      View Details
    • $15,000/Mo
      8,000 SF

      Equipped Restaurant Space on Highway

      8000 sq ft restaurant space on Highway 111.
      74700 Highway 111, Palm Desert, CA 92260
      View Details
    • $1,700/Mo
      1,200 SF

      Palm Desert Commercial Space Available

      Air-conditioned warehouse/industrial space for lease in Palm Desert, CA.
      39402 Berkey, Palm Desert, CA 92211
      View Details
    • $2.00 SF/Yr
      4,055 SF

      El Paseo Retail Space

      Two-story retail suite in El Paseo shopping district.
      73151 El Paseo, Palm Desert, CA 92260
      View Details
    • $1.00 SF/Yr
      2,405 SF

      Versatile Flex Space with Warehouse

      2,405 SF suite featuring office and warehouse components.
      77760 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $1.00 SF/Yr
      2,326 SF

      Palm Desert Flex Space Available

      2,326 SF flex space with office and warehouse areas.
      77770 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $1.35 SF/Yr
      2,108 SF

      Palm Desert Office Suite Rental

      First-level office suite in high-visibility Palm Desert location.
      78000 Fred Waring Drive #103, Palm Desert, CA 92211
      View Details
    • $1.25 SF/Yr
      1,791 SF

      Turnkey Office Suite in Palm Desert

      Professionally built-out office suite in Country Club Corporate Plaza.
      77530 Enfield Lane, Building D, Palm Desert, CA 92211
      View Details
    • Contact for pricing
      12,027 SF

      Medical Building Suites For Lease

      Medical suites available for lease in Palm Desert, CA.
      73950 Alessandro Drive, Palm Desert, CA 92260
      View Details
    • $1.35 SF/Yr
      43,011 SF

      El Paseo Office Suites For Rent

      Fully built out office suites in Palms to Pines corridor.
      72760 El Paseo, Palm Desert, CA 92260
      View Details

    FAQs

    What type of property is this?
    Warehouse - Move-in ready commercial space in the heart of Palm Desert.
    Where is this warehouse located?
    The property is located at 74883 Velie Way Palm Desert, CA.
    What is the lease rate?
    The lease rate is $12,000 /Mo.
    What are key features of this property?
    This property features: Move‑in ready 1,600 SF office space.; Convenient location in the heart of Cook Street Business Area with easy access to I‑10 & Hwy 111.; Includes one loading bay with covered area.
    (760) 360-8200
    We can help!
    Listing Contact
    Susan Harvey
    Susan Harvey
    Real Estate License ID: 00957590
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    74883 Velie Way, Palm Desert, CA 92260
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!