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    74399 Ca-111 Palm Desert, CA 92260

    Sponsored
    For Sale
    $5,000,000

    $5M, 20,676 SF, Multi-Use

    Property size:
    20,676 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multi-use commercial property, located at 74399 CA-111 in Palm Desert, California (zip code 92260), presents a unique investment opportunity. The 20,676 square foot building, constructed in 1980 and extensively renovated in 2023, sits prominently on Highway 111, just east of El Paseo, ensuring high visibility and accessibility. The property is zoned for Downtown District use and encompasses a single building with a diverse range of spaces suitable for executive offices, shopping center uses, and traditional office tenants. Multiple highly improved suites are available, catering to a variety of business needs. The building boasts an advanced security system, providing peace of mind for tenants and investors alike. Ample parking is provided with over 90 covered off-street spaces. Additional features include a wrap-around balcony, enhancing the aesthetic appeal and functionality of the property. The asking price for this prime commercial real estate is $5,000,000. This property is ideal for investors seeking a strong return or owner-users desiring high-end office space in a vibrant and desirable location within Riverside County. The building's size, location, and recent renovations make it a compelling investment opportunity in the heart of Palm Desert.

    Property Features for 74399 Ca-111

    General Information

    Property type
    Lifestyle centers
    Square Feet
    20,676 SF

    Building Details

    Year Built/Renovated
    1980/2023
    Buildings
    1

    HighLights

    • 20,676 SF multi‑use building on CA‑111 in Palm Desert, CA (92260).
    • High‑visibility location on Highway 111, east of El Paseo.
    • Downtown District zoning allows for executive offices, shopping, and traditional office uses.
    • Extensively renovated in 2023 with multiple improved suites available.
    • Advanced security system and over 90 covered parking spaces.
    • Features a wrap‑around balcony.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3665971
    Latitude
    33.7209001

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    FAQs

    What type of property is this?
    Lifestyle center - $5M, 20,676 SF, Multi-Use
    Where is this lifestyle center located?
    The property is located at 74399 Ca-111 Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 20,676 SF multi-use building on CA-111 in Palm Desert, CA (92260).; High-visibility location on Highway 111, east of El Paseo.; Downtown District zoning allows for executive offices, shopping, and traditional office uses.
    Request Owner's contact information
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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
    74399 Ca-111 Palm Desert, CA 92260
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