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    72608-72624 El Paseo Dr Palm Desert, CA 92260

    Sponsored
    For Lease
    $21 SF/Yr

    Prime Retail Space, El Paseo & Hwy 111

    Lot size:
    4,439 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional ±3,085 square foot retail space is ideally situated at the highly visible signalized intersection of El Paseo and Highway 111 in Riverside County. Boasting an El Paseo address, this property offers unparalleled prestige and brand recognition within the heart of the Valley's retail district. Benefit from exposure to approximately 35,523 cars daily, with monument signage opportunities available at the corner. Access is convenient, with easy ingress and egress from both Highway 111 and El Paseo, ensuring optimal customer flow. Ample parking caters to a diverse range of uses, including retail, medical, and office. The center is home to established, long-term co-tenants focused on health, beauty, and wellness, creating a synergistic environment. This location enjoys strong demographics, with approximately 55,000 residents within a 10-minute drive, exhibiting an average household income exceeding $117,000. A robust daytime population of approximately 46,000 within a 10-minute radius further enhances the property's appeal. This is a rare opportunity to secure a prominent retail space in a thriving and affluent area.

    Property Features for 72608-72624 El Paseo Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,439 SF

    Unit(s) available at that property

    Space
    72608 El Paseo - Suite 1
    Size
    1,354 SF
    Rate per SF
    $21
    Space
    72624 El Paseo - Suite A-102
    Size
    3,085 SF
    Rate per SF
    $24

    HighLights

    • ±3,085 SF of retail space available for lease.
    • Located at the signalized intersection of El Paseo and Highway 111 in Riverside County.
    • Monument signage opportunity available.
    • Easy access from Highway 111 and El Paseo, with ample parking.
    • Strong tenant mix including health, beauty, and wellness businesses.
    • Excellent demographics: 55,000 residents within a 10‑minute drive, average household income exceeding $117,000, and a strong daytime population of approximately 46,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3985709
    Latitude
    33.7214279

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, El Paseo & Hwy 111
    Where is this individual retail property located?
    The property is located at 72608-72624 El Paseo Dr Palm Desert, CA.
    What is the lease rate?
    The lease rate is $21-$24 SF/Yr.
    What are key features of this property?
    This property features: ±3,085 SF of retail space available for lease.; Located at the signalized intersection of El Paseo and Highway 111 in Riverside County.; Monument signage opportunity available.
    Request Owner's contact information
    72608-72624 El Paseo Dr 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
    72608-72624 El Paseo Dr Palm Desert, CA 92260
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