Freestanding Industrial
For Sale
$2,250,000
77570 Enfield, Palm Desert, CA 92211
Freestanding warehouse with income in place, office front area, two grade-level roll-up doors, and a secured yard.
Property Size9,122 SF
Lot Size0.47 Acres
Price / SF$246.66
Days on Market116
Property Features for 77570 Enfield
General Information
Standard status
Active
Size
9,122 SF
Total Parking Spaces
5
Lot size
0.47 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
2
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Building Size
9,122 SF
Year Built
1996
Listing Agency:
Kitakis Realty Inc.
(626) 733-3598
Listed By:
Demetrios Kitakis · License #01984567
Source:
Velocityrealtysd
Added: May 1
Changed: Aug 23
Last Checked: Aug 23 at 4:29AM
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 Kitakis Realty Inc.
Investment Insights
Based on property information with market context.
This freestanding industrial warehouse includes a well-maintained office component with an open reception/showroom area, tiled flooring, and two restrooms. The warehouse is supported by functional features such as approximately 14’ to 16’ clear height, warehouse skylights, fire sprinklers, and three evaporative coolers. Access is provided by two large grade-level roll-up doors, along with 400A 3-phase power to support industrial operations.
The property sits on approximately 0.47 acres and offers 5 designated front parking spaces plus a substantial secured yard area of approximately 1,265 SF for vehicle parking, equipment storage, or operational use. The building was constructed in 1996 and is currently leased, providing income in place with near-term flexibility for future owner-occupancy.
Strategically positioned with immediate access to I-10 and major corridors including Country Club Drive and Washington Street, the offering combines a freestanding industrial format with yard-supporting site improvements for a wide range of industrial or service-oriented businesses.
The property sits on approximately 0.47 acres and offers 5 designated front parking spaces plus a substantial secured yard area of approximately 1,265 SF for vehicle parking, equipment storage, or operational use. The building was constructed in 1996 and is currently leased, providing income in place with near-term flexibility for future owner-occupancy.
Strategically positioned with immediate access to I-10 and major corridors including Country Club Drive and Washington Street, the offering combines a freestanding industrial format with yard-supporting site improvements for a wide range of industrial or service-oriented businesses.
Key Highlights
- Freestanding industrial building with in‑place lease for income and near‑term flexibility for investor or owner‑user use
- ±9,122 SF warehouse on ±0.47 acres; constructed in 1996 with ~14'–16' clear height
- Warehouse includes 2 large grade‑level roll‑up doors, fire sprinklers, skylights, and 400A 3‑phase power
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
$90,960
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
4.04%
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%
$1,819,200
$1.8M
Cap Rate 7%
$1,299,429
$1.3M
Cap Rate 9%
$1,010,667
$1.0M
Market Conditions
NOI Build-Up for 9,122 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
$113.8K $12.48/SF
− Vacancy
−$6.8K −$0.75/SF
EGI
$107.0K $11.73/SF
− OpEx
−$16.1K −$1.76/SF
NOI
$91.0K $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%
$1,819,200
Cap Rate 7%
$1,299,429
Cap Rate 9%
$1,010,667
Alternative Uses
Best Use
Warehouse
$1.30M
$1.14M – $1.52M
NOI $90,960 @ 7.0% cap · market cap 4.04%
Second Best
Industrial
$1.07M
$936.4K – $1.25M
NOI $74,908 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,296 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,150
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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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with income in place, office front area, two grade-level roll-up doors, and a secured yard.
Where is this warehouse located?
The property is located at 77570 Enfield Palm Desert, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Freestanding industrial building with in‑place lease for income and near‑term flexibility for investor or owner‑user use; ±9,122 SF warehouse on ±0.47 acres; constructed in 1996 with ~14'–16' clear height; Warehouse includes 2 large grade‑level roll‑up doors, fire sprinklers, skylights, and 400A 3‑phase power
