Medical Building For
For Sale
$21,707,600
49869 Calhoun Street, Coachella, CA 92236
41,092 SF Class A medical building with elevator.
Property Size41,092 SF
Price / SF$528.27
Days on Market1114
Property Features for 49869 Calhoun Street
General Information
Standard status
Active
Size
41,092 SF
Property subtype
Commercial
Building Details
Year Built
2022
Listing Agency:
Desert Pacific Properties
Listed By:
Susan Harvey · License #00957590
(760) 360-8200
Source:
Sevengables
Added: Sep 10, 2023
Changed: Sep 26
Last Checked: Sep 26 at 9:35AM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This is a 41,092 square foot Class A medical building. The new construction property features a single tenant net lease and elevator service. A 10-year lease is in place with 2% annual increases. The property includes first-class tenant improvements and abundant parking.
Key Highlights
- 41,092 SF Class A Medical Building
- New Construction (2022)
- Single Tenant Net Lease
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
$645,624
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
2.97%
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%
$12,912,480
$12.9M
Cap Rate 7%
$9,223,200
$9.2M
Cap Rate 9%
$7,173,600
$7.2M
Market Conditions
NOI Build-Up for 41,092 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
$941.8K $22.92/SF
− Vacancy
−$81.0K −$1.97/SF
EGI
$860.8K $20.95/SF
− OpEx
−$215.2K −$5.24/SF
NOI
$645.6K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
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%
$12,912,480
Cap Rate 7%
$9,223,200
Cap Rate 9%
$7,173,600
Alternative Uses
Best Use
Office B
$9.22M
$8.07M – $10.76M
NOI $645,624 @ 7.0% cap · market cap 2.97%
Second Best
Healthcare Medical
$5.97M
$5.22M – $6.96M
NOI $417,811 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$12.31M
$10.77M – $14.36M
NOI $861,733 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92236, CA
42,220
Population
12,629
Households
3.3
Avg Household Size
29
Median Age
6%
College-Educated
57%
High-School Grad
61.9 sq mi
ZIP Area
682
Density / Sq Mi
$67,235
Median Household Income
$35,117
Median Earnings
$1,113
Median Rent
$342,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 41,092 SF Class A medical building with elevator.
Where is this medical office space located?
The property is located at 49869 Calhoun Street Coachella, CA.
What is the asking price?
The asking price for this property is $21,707,600.
What are key features of this property?
This property features: 41,092 SF Class A Medical Building; New Construction (2022); Single Tenant Net Lease
