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Medical Office Building Near Hospital

81863 Doctor Carreon Boulevard Indio, CA 92201

81863 Doctor Carreon Boulevard, Indio, CA, 92201
$3,400,000
For Sale
Claim this Listing
$3,400,000

Fully leased medical office condos near JFK Memorial Hospital.

Property Size10,657 SF
Price / SF$319.04
AddedNov 26, 2025
Days on Market231
Last RefreshMay 9 at 12:22 am

Property Features for 81863 Doctor Carreon Boulevard

General Information

Standard status
Active
Size
10,657 SF
Property subtype
Office

Building Details

Year Built
1980

Listing office

Listing date Nov 26, 2025

Source Lee-associates

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 Arthur Holland


Investment Insights

Based on property information with market context.

This property consists of five medical/office condos in a free-standing building, fully leased to JFK Memorial Hospital. The tenant has been in place since the 1980s, with the current owner for over 18 years. The property is part of an HOA campus of four medical/office buildings located next to JFK Memorial Hospital. JFK is planning a $50-$60 million renovation and expansion of its main entrance, emergency room, power plant, a new street entrance, and parking facilities. The building has a total size of 10657 square feet.

Key Highlights

  • 100% leased to JFK Memorial Hospital, providing immediate and stable income.
  • Long‑term tenant (JFK Memorial Hospital) since the 1980s, indicating reliability.
  • Located on an HOA campus of four medical/office buildings adjacent to JFK Memorial Hospital, offering synergy and convenience.

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 $244.3k $22.92
− Vacancy −$21.0k −$1.97
EGI $223.3k $20.95
− OpEx −$55.8k −$5.24
NOI $167.4k $15.71
10,657 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.39M
$2.09M – $2.79M (±1% cap)
NOI $167,439 @ 7.0% cap · market cap 4.92%
Second Best
Healthcare Medical
$1.55M
$1.35M – $1.81M (±1% cap)
NOI $108,357 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M (±1% cap)
NOI $223,486 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Real Estate Agency Big Box & Wholesale Store Building Supply Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Auto Parts Store Storage Facility Skin Care Clinic

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

Similar Off Market Nearby

  • Dr. Joshua T. Clark, MD — 47111 Monroe St, Indio, CA 92201

FAQs

What type of property is this?
Medical Office Space - Fully leased medical office condos near JFK Memorial Hospital.
Where is this medical office space located?
The property is located at 81863 Doctor Carreon Boulevard Indio, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 100% leased to JFK Memorial Hospital, providing immediate and stable income.; Long‑term tenant (JFK Memorial Hospital) since the 1980s, indicating reliability.; Located on an HOA campus of four medical/office buildings adjacent to JFK Memorial Hospital, offering synergy and convenience.
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