Palm Springs Automotive/Industrial
For Sale
Contact for pricing
145 W Oasis Rd, Palm Springs, CA 92262
Turnkey automotive business with redevelopment potential in Palm Springs.
Property Size8,000 SF
Lot Size0.41 Acres
Price / SF$137.50
Days on Market2423
Property Features for 145 W Oasis Rd
General Information
Standard status
Active
Size
8,000 SF
Class
C
Lot size
0.41 Acres
Property subtype
Industrial
Zoning
M1
Investment Type
Owner/User
Building Details
Year Built
1974
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Lyle & Associates
Listed By:
Rick Gordon · License #CA 02088022
(760) 772-6400
Source:
Crexi
Added: Feb 25, 2020
Changed: Oct 8
Last Checked: Oct 12 at 9:13PM
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 Coldwell Banker Commercial Lyle & Associates
Investment Insights
Based on property information with market context.
Located in Palm Springs, this property offers logistical access, being 4.5 miles from the airport and close to I-10. The sale includes the H&H Automotive business, along with all equipment and inventory. The property is suitable for an owner-user or operator in the automotive or service-industrial space. H&H Auto is vacating, opening the door for a full renovation and re-lease strategy. The area’s low industrial vacancy (3.9%) suggests strong leasing demand and rent upside. The asset is priced below replacement cost and market rents ($1.10–$1.87/SF), offering room to improve building functionality and achieve higher returns post-upgrade. The 17,859 SF lot includes a 5,616 SF primarily block-walled yard, providing secure outdoor storage or workspace. Built in 1974, the property features a metal tilt-up design, two oversized drive-ins (16’W x 20’H), and 12 surface parking stalls. The property supports a variety of industrial and automotive uses under its M-1 zoning.
Key Highlights
- Turnkey automotive business (H&H Automotive) with all equipment and inventory included.
- Priced below replacement cost and market rents, offering value‑add potential through renovation and re‑leasing.
- Prime Palm Springs location with logistical access and proximity to I‑10.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,695
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,900
$1.3M
Cap Rate 7%
$938,500
$938.5K
Cap Rate 9%
$729,944
$729.9K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$99.8K $12.48/SF
− Vacancy
−$6.0K −$0.75/SF
EGI
$93.8K $11.73/SF
− OpEx
−$28.2K −$3.52/SF
NOI
$65.7K $8.21/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,900
Cap Rate 7%
$938,500
Cap Rate 9%
$729,944
Alternative Uses
Best Use
Retail
$1.64M
$1.43M – $1.91M
NOI $114,670 @ 7.0% cap · market cap 10.42%
Second Best
Industrial
$938.5K
$821.2K – $1.09M
NOI $65,695 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,767 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Yousef's Service Center — 2796 N Palm Canyon Dr, Palm Springs, CA 92262
- Excalibur Tow & Recovery 24/7 — 1270 Sunflower Cir S, Palm Springs, CA 92262
- Corea's Auto Electric — 401 W Radio Rd Suite C14, Palm Springs, CA 92262
- Tony’s Auto Center — 301 W Del Sol Rd, Palm Springs, CA 92262
- Arcaro's Auto Body Repair, Inc. — 340 W Del Sol Rd, Palm Springs, CA 92262
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey automotive business with redevelopment potential in Palm Springs.
Where is this auto shop located?
The property is located at 145 W Oasis Rd Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Turnkey automotive business (H&H Automotive) with all equipment and inventory included.; Priced below replacement cost and market rents, offering value‑add potential through renovation and re‑leasing.; Prime Palm Springs location with logistical access and proximity to I‑10.
