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    74090 El Paseo Palm Desert, CA 92260

    Sponsored
    For Sale
    $4,153,000

    12,870 SF Multi-Tenant Office, 80% Occupied

    Property size:
    12,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, 12,870 square foot multi-tenant office building is ideally situated in Palm Desert, California, at the intersection of Highway 111 and El Paseo Drive, the heart of the renowned El Paseo Shopping District. Boasting a prime location with high traffic volume (approximately 30,000 cars daily), this Class C property offers abundant parking and frontage on both major thoroughfares. Built in 1978, the building features an elevator and sits on a nearly one-acre lot (0.87 acres, 37,897 square feet), with the APN numbers 625-111-017, 025, 028. Currently 80% occupied, the building is zoned for Downtown District use, permitting mixed-use and multi-story projects. The asking price is $4,153,000 ($325 per square foot) with a NNN lease type. Its versatile design suits various professional uses, including executive, medical, and creative offices, making it an attractive investment opportunity. The property's proximity to upscale shopping, dining, and entertainment venues (including Saks Fifth Avenue, Mastro's, Apple, Gucci, Louis Vuitton, and Il Corso) further enhances its appeal.

    Property Features for 74090 El Paseo

    General Information

    Property type
    Office space
    Square Feet
    12,870 SF
    Class
    C
    Lot Size
    37,897 SF

    Building Details

    Year Built
    1978
    Stories
    2

    HighLights

    • Two‑story professional building on a 0.87‑acre lot.
    • Elevator included.
    • Excellent for professional offices, medical, or mixed‑use tenants.
    • Prime location near high‑end shopping and dining (Saks Fifth Avenue, Mastro's, etc.).
    • High traffic count (approx. 30,000 cars daily).
    • Ample parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Phillips Podiatry Medical Clinic NK Mediation Attorney Robert N Dunn ... Attorney Robert H Lesnik ... Dermatologist Desert Foot and Ankle ... Podiatrist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.372125
    Latitude
    33.7202782

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    FAQs

    What type of property is this?
    Office space - 12,870 SF Multi-Tenant Office, 80% Occupied
    Where is this office space located?
    The property is located at 74090 El Paseo Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $4,153,000.
    What are key features of this property?
    This property features: Two-story professional building on a 0.87-acre lot.; Elevator included.; Excellent for professional offices, medical, or mixed-use tenants.
    Request Owner's contact information
    74090 El Paseo Palm Desert, CA 92260
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    Palm Desert, CA 92260
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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
    74090 El Paseo Palm Desert, CA 92260
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