Medical Office Condos For
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81893 Dr Carreon Blvd, Indio, CA 92201
8,091 SF medical office condos on hospital campus for sale.
Property Size8,091 SF
Price / SF$321.34
Days on Market994
Property Features for 81893 Dr Carreon Blvd
General Information
Standard status
Active
Size
8,091 SF
Class
B
Property subtype
Office
Zoning
MUN (Mixed Use Neighborhood)
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
Desert Pacific Properties
Listed By:
Emily Harvey · License #02229612
(760) 360-8200
Source:
Crexi
Added: Jan 27, 2024
Changed: Oct 6
Last Checked: Oct 16 at 6:45AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,091 square foot building, comprised of seven medical office condos, is available for purchase. The property is fully leased and income-producing. It is situated on the JFK Memorial Hospital campus within Indio's medical corridor. The location offers visibility on Doctor Carreon Boulevard and is surrounded by other medical facilities, including JFK Memorial Hospital, Halo Diagnostics, Quest Diagnostics, Kaiser Permanente, LabCorp, and Desert Oasis Healthcare. This property is located in a commercial real estate area and is suitable for medical office space.
Key Highlights
- Located on JFK Memorial Hospital campus
- Fully leased and income‑producing
- 8,091 SF building consisting of seven medical office condos
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,123
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,542,460
$2.5M
Cap Rate 7%
$1,816,043
$1.8M
Cap Rate 9%
$1,412,478
$1.4M
Market Conditions
NOI Build-Up for 8,091 SF
Gross rent
$185.4K $22.92/SF
− Vacancy
−$15.9K −$1.97/SF
EGI
$169.5K $20.95/SF
− OpEx
−$42.4K −$5.24/SF
NOI
$127.1K $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 Rate 5%
$2,542,460
Cap Rate 7%
$1,816,043
Cap Rate 9%
$1,412,478
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,123 @ 7.0% cap · market cap 4.89%
Second Best
Healthcare Medical
$1.18M
$1.03M – $1.37M
NOI $82,267 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,675 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Vet Center Indio — 44199 monroe st, indio, ca 92201
Frequently Asked Questions
What type of property is this?
Medical Office Space - 8,091 SF medical office condos on hospital campus for sale.
Where is this medical office space located?
The property is located at 81893 Dr Carreon Blvd Indio, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Located on JFK Memorial Hospital campus; Fully leased and income‑producing; 8,091 SF building consisting of seven medical office condos
