Flex Space Condo with
For Sale
$1,020,000
D110-34300 Gateway Dr, Palm Desert, CA 92211
Industrial condominium in a multi-tenant business park with a ground-level roll-up door and nearby retail and dining.
Property Size4,334 SF
Price / SF$235.35
Days on Market471
Property Features for D110-34300 Gateway Dr
General Information
Standard status
Active
Size
4,334 SF
Total Parking Spaces
12
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Building Details
Tenancy
Multi
Listing Agency:
RENKEN COMPANY
(626) 675-6667
Listed By:
Kelly Arft · License #01231023
(626) 675-6667
Source:
Exprealty
Added: May 16, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:38PM
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 RENKEN COMPANY
Investment Insights
Based on property information with market context.
Suite 110 is a 4,334-square-foot industrial condominium within a multi-tenant business park. The building area includes an unimproved mezzanine of approximately 1,055 sf, along with a ground-level roll-up door. The property is configured for flexible commercial or industrial use within an established business park setting.
The condo is located at D110-34300 Gateway Dr in Palm Desert, with immediate access to the 10 freeway near Monterey Avenue and Dinah Shore. The property sits in the central business hub of Coachella Valley and is directly adjacent to numerous restaurants and big box retail shopping centers. Parking is provided at a ratio of 2.8/1,000, with 12 unreserved spaces allocated to the suite.
The condo is located at D110-34300 Gateway Dr in Palm Desert, with immediate access to the 10 freeway near Monterey Avenue and Dinah Shore. The property sits in the central business hub of Coachella Valley and is directly adjacent to numerous restaurants and big box retail shopping centers. Parking is provided at a ratio of 2.8/1,000, with 12 unreserved spaces allocated to the suite.
Key Highlights
- 4,334‑square‑foot Suite 110 industrial condominium
- Unimproved mezzanine of ~1,055 sf included in building size
- Ground‑level roll‑up door
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
$35,590
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
3.49%
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%
$711,800
$711.8K
Cap Rate 7%
$508,429
$508.4K
Cap Rate 9%
$395,444
$395.4K
Market Conditions
NOI Build-Up for 4,334 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
$54.1K $12.48/SF
− Vacancy
−$3.2K −$0.75/SF
EGI
$50.8K $11.73/SF
− OpEx
−$15.3K −$3.52/SF
NOI
$35.6K $8.21/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
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%
$711,800
Cap Rate 7%
$508,429
Cap Rate 9%
$395,444
Alternative Uses
Best Use
Industrial
$508.4K
$444.9K – $593.2K
NOI $35,590 @ 7.0% cap · market cap 3.49%
Second Best
Flex RnD
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,888 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92211, CA
26,403
Population
20,152
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
94%
High-School Grad
14.8 sq mi
ZIP Area
1,784
Density / Sq Mi
$87,682
Median Household Income
$55,647
Median Earnings
$1,903
Median Rent
$535,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chaparritos Grill — 34750 Spyder Cir, Palm Desert, CA 92211
- First Class Catering Service — 73900 Dinah Shore Dr STE 204, Palm Desert, CA 92211
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium in a multi-tenant business park with a ground-level roll-up door and nearby retail and dining.
Where is this flex space located?
The property is located at D110-34300 Gateway Dr Palm Desert, CA.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: 4,334‑square‑foot Suite 110 industrial condominium; Unimproved mezzanine of ~1,055 sf included in building size; Ground‑level roll‑up door
