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    72630 Dinah Shore Dr Palm Desert, CA 92211

    Sponsored
    For Sale
    $4,750,000

    Prime Retail Investment, High Traffic Area

    Property size:
    24,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 24,800-square-foot Class A shopping center in Palm Desert, California. Located at 72630 Dinah Shore Dr, 92211, this single-story, 1992-built property underwent renovations in 2011. Currently, it boasts a 50% occupancy rate as of June 30, 2022, with a single corporate-guaranteed tenant, Dollar Tree, occupying 12,000 square feet. The property features two units within one building, a full-size, two-bay loading dock, and prime monument signage. The building was originally constructed to superior standards for PetsMart. Situated on a 2.3-acre lot (APN 685020006), this NNN-leased property benefits from its high-profile location at the intersection of Monterey Ave and Dinah Shore Dr, experiencing traffic counts exceeding 66,000 vehicles per day. Convenient I-10 access (over 110,000 VPD) further enhances its visibility. The property is part of a larger, 375,000-square-foot retail center anchored by Costco, and is surrounded by other major retailers including Walmart, Sam's Club, Home Depot, Regal Cinemas, Kohl's, Panera Bread, Chipotle, and many more. The asking price is $4,750,000 ($191.53/sq ft), presenting a below-replacement-cost opportunity for an owner-user or value-add investor. The property is zoned PC-3.

    Property Features for 72630 Dinah Shore Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    24,800 SF
    Class
    A
    Lot Size
    100,188 SF

    Building Details

    Year Built/Renovated
    1992/2011
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • $4,750,000 asking price for a Class A, 24,800 square foot shopping center in Palm Desert, CA.
    • Owner‑user or value‑add opportunity with a strong, in‑place NOI from a national credit tenant.
    • Dollar Tree (Investment Grade tenant) occupies 12,000 SF under a corporate guarantee.
    • Below replacement cost at $203/SF.
    • High‑profile location at Monterey Ave and Dinah Shore, with over 66,000 vehicles per day (VPD).
    • Convenient I‑10 access (110,000+ VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar Tree Party Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.39163843
    Latitude
    33.80292294

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Investment, High Traffic Area
    Where is this lifestyle center located?
    The property is located at 72630 Dinah Shore Dr Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: $4,750,000 asking price for a Class A, 24,800 square foot shopping center in Palm Desert, CA.; Owner-user or value-add opportunity with a strong, in-place NOI from a national credit tenant.; Dollar Tree (Investment Grade tenant) occupies 12,000 SF under a corporate guarantee.
    Request Owner's contact information
    72630 Dinah Shore Dr Palm Desert, CA 92211
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    Palm Desert, CA 92211
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    Realmo Value Estimation

    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.

    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.

    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
    72630 Dinah Shore Dr Palm Desert, CA 92211
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