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 Market2377
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
(760) 772-6400
Listed By:
Rick Gordon · License #CA 02088022
Source:
Crexi
Added: Feb 25, 2020
Changed: Aug 21
Last Checked: Aug 28 at 2:04PM
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 = 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
$65,695
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
5.97%
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%
$1,313,900
$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
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
$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 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%
$1,313,900
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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.
