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    44100 Monterey Ave Palm Desert, CA 92260

    Sponsored
    For Sale
    $4,268,000

    Prime Palm Desert office building, high upside.

    Property size:
    25,053 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25,053 square foot, two-story office building in Palm Desert, CA, presents a compelling investment opportunity. Located at the highly visible intersection of Monterey Avenue and Fred Waring Drive, the property boasts a prominent location with significant daily traffic. Currently 75% occupied, the building offers substantial upside potential due to in-place rents approximately 15% below market levels. Recent renovations, including exterior painting, landscaping improvements, HVAC upgrades, and fire sprinkler system enhancements, further enhance its appeal. The 0.92-acre lot features a single building constructed in 1986 and extensively renovated in 2022. The property benefits from its proximity to major retail centers like Westfield Palm Desert, One Eleven Town Center, and El Paseo Shopping District, providing tenants with abundant amenities. The building's flexible suite sizes, ranging from approximately 237 to 2,234 square feet, cater to diverse tenant needs. The property is zoned O.P. and offers excellent signage opportunities, capitalizing on the high daily traffic volume of approximately 30,000 cars. The asking price is $4,268,000, representing an attractive 8.71% cap rate. The strong population growth in the Coachella Valley, coupled with a lack of new office construction, positions this property for continued appreciation. This is a rare opportunity to acquire a well-located, renovated office building with significant value-add potential in a thriving market.

    Property Features for 44100 Monterey Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    25,053 SF
    Lot Size
    40,075 SF

    Building Details

    Year Built/Renovated
    1986/2022
    Buildings
    1
    Stories
    2

    HighLights

    • Highly visible, 25,053 SF office building at a key Palm Desert intersection (Monterey, Palm Desert, Fred Waring) with excellent signage opportunities and high daily traffic counts.
    • 75% leased with significant upside potential due to below‑market rents; recent capital improvements include exterior upgrades, HVAC, and fire sprinklers.
    • Diverse suite sizes (237 SF - 2,234 SF) cater to market demand, facilitating faster lease‑up.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pacific Financial Network Mortgage Lender MECA Website Designer Don Bickley Attorney ... Legal Services Family Law And Mediation ... Family Law Attorney Affordable Legal Associates Family Law Attorney

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3908884
    Latitude
    33.7280939

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Palm Desert office building, high upside.
    Where is this office property / space located?
    The property is located at 44100 Monterey Ave Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $4,268,000.
    What are key features of this property?
    This property features: Highly visible, 25,053 SF office building at a key Palm Desert intersection (Monterey, Palm Desert, Fred Waring) with excellent signage opportunities and high daily traffic counts.; 75% leased with significant upside potential due to below-market rents; recent capital improvements include exterior upgrades, HVAC, and fire sprinklers.; Diverse suite sizes (237 SF - 2,234 SF) cater to market demand, facilitating faster lease-up.
    Request Owner's contact information
    44100 Monterey Ave 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
    44100 Monterey Ave Palm Desert, CA 92260
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