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    The Largest CRE Database in the US with Over 1 Million Listings

    15110 Indian Cyn Dr North Palm Springs, CA 92258

    Sponsored
    For Sale
    $4,000,000

    10,000 SF Retail Space w/ Living Quarters

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This exceptional North Palm Springs investment opportunity presents a unique blend of commercial and residential space, ideally situated on a 9.7-acre lot at 15110 N Indian Canyon Dr, 92258. The property boasts a substantial 10,000 square foot metal warehouse, perfect for various retail or storage uses. A key feature is a large bay, easily accommodating semi-trucks, with convenient roll-up doors on both sides, enhancing operational efficiency. Adding to its versatility, the property includes a 960 square foot modular home or office space, complete with three bedrooms and two and a half bathrooms. This provides comfortable living quarters or additional office space, ideal for an owner-operator or on-site management. The property's prime location in North Palm Springs, bordering Desert Hot Springs, offers excellent access to major transportation routes and a growing market. Offered at $4,000,000, this property represents a significant opportunity for investors seeking a combined commercial and residential holding with substantial potential. The expansive lot size provides ample room for future expansion or development. This unique combination of warehouse space, living quarters, and prime location makes this a truly exceptional investment opportunity.

    Property Features for 15110 Indian Cyn Dr

    General Information

    Property type
    Retail properties
    Square Feet
    10,000 SF
    Lot Size
    422,532 SF

    We can help!

    Listing Contact
    Lucio Bernal
    Lucio Bernal

    Learn more

    HighLights

    • $4,000,000 asking price.
    • 10,000 square foot retail building.
    • 9.7‑acre lot.
    • Located at 15110 N Indian Canyon Dr, North Palm Springs, CA 92258.
    • Includes a 960 sq ft modular home/office with 3 bedrooms and 2.5 baths.
    • Features a 10,000 sq ft metal warehouse with a semi‑truck sized bay and roll‑up doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.5413554
    Latitude
    33.9388273

    Nearby Comparable

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    • Contact for pricing
      845,500 SF

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    Nearby Similar for Sale

    • $315,000

      North Palm Springs Commercial Building

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    FAQs

    What type of property is this?
    Retail property - 10,000 SF Retail Space w/ Living Quarters
    Where is this retail property located?
    The property is located at 15110 Indian Cyn Dr North Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: $4,000,000 asking price.; 10,000 square foot retail building.; 9.7-acre lot.
    (310) 383-2466
    Request Owner's contact information
    15110 Indian Cyn Dr North Palm Springs, CA 92258
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    North Palm Springs, CA 92258
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    15110 Indian Cyn Dr North Palm Springs, CA 92258
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    We can help!
    Listing Contact
    Lucio Bernal
    Lucio Bernal
    Real Estate License ID: 01236217
    (310) 383-2466
    Learn more
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