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    Property profile & analytics

    74600 Ca-111 Palm Desert, CA 92260

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Clothing Store / Corporate Campus
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 74600 Ca-111

    Year built
    1996
    Property type
    Retail properties

    Description

    Deep Canyon Plaza, located at 74600 CA-111, Palm Desert, CA 92260, offers exceptional retail space in a high-traffic location. This 1996-built property boasts six total suites, with three currently available for lease. The available spaces range in size from 1,200 square feet to 1,618 square feet, providing flexibility for various retail businesses. Situated along the prominent Highway 111 corridor in the heart of Palm Desert, the plaza benefits from excellent visibility and accessibility. Its prime location offers easy access to major thoroughfares and is surrounded by a vibrant mix of commercial, retail, and dining establishments, ensuring high foot traffic and customer exposure. The property's central location within Palm Desert's bustling downtown area provides businesses with unparalleled access to a large and diverse customer base. This is an ideal opportunity for businesses seeking a high-visibility location in a thriving retail environment. The multiple-tenancy structure provides a diverse and dynamic atmosphere, attracting a wide range of customers. Don't miss this chance to establish your business in a premier Palm Desert location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.363
    Latitude
    33.722

    Comparable in this City

    • Value Estimation by Request
      10,700 SF

      73468 Ca-111

      Individual retail properties • 10,700 SF
      73468 Ca-111, Palm Desert, CA 92260
      View Details
    • Value Estimation by Request

      72608-72624 El Paseo Dr

      Individual retail properties
      72608-72624 El Paseo Dr, Palm Desert, CA 92260
      View Details
    • Value Estimation
      $14,750,000
      86,064 SF

      72780 Hwy 111

      DEPARTMENT STORE • 86,064 SF
      72780 Hwy 111, Palm Desert, CA 92260-3311
      View Details
    • Value Estimation by Request
      86,835 SF

      74225 Ca-111

      Restaurants • 86,835 SF
      74225 Ca-111, Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      1,418 SF

      73405 Ca-111

      Lifestyle centers • 1,418 SF
      73405 Ca-111, Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      0.34 Acres

      44267 Monterey Ave

      NURSERY, GREENHOUSE, FLORIST • 0.34 Acres
      44267 Monterey Ave, Palm Desert, CA 92260-2710
      View Details

    Similar Nearby for Sale

    • $5,817,024
      5,285 SF

      Gas Station & Convenience Store Palm Desert

      Restaurants • 5,285 SF
      74478 Ca-111, Palm Desert, CA 92260
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    • $5,000,000
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      Prime Palm Desert Office Complex

      $5M, 20,676 SF, Multi-Use
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    • $1,070,000
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      Stand-alone building fronting Highway 111 with ample parking.
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      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
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    • $5,817,024
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      Retail Center with Gas Station

      Well-maintained retail center with gas station in Palm Desert, CA.
      74478 Highway 111, Palm Desert, CA 92260
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    • $3,295,000
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      Palm Desert Commercial Investment Opportunity

      Commercial property with high rental income potential in prime location.
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    Similar Nearby for Lease

    • $17 SF/Yr
      11,911 SF

      Palm Desert Office Space for Lease

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    • $0.95 SF/Yr
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      Palm Desert Warehouse Space Available

      Warehouse space in central Palm Desert location, fresh and clean.
      41801 Corporate Way, Palm Desert, CA 92260
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    • Contact for pricing
      70,646 SF

      El Paseo Retail Opportunity

      Retail space in Palm Desert's premier shopping district.
      73470 El Paseo Blvd, Palm Desert, CA 92260
      View Details
    • $2.00 SF/Yr

      El Paseo Retail/Office Space

      2,400 SF space suitable for office or retail use.
      73950 El Paseo B, Palm Desert, CA 92260
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    • $21 SF/Yr
      4,439 SF

      El Paseo Retail Space: ±3,085 SF

      Prime Retail Space, El Paseo & Hwy 111
      72608-72624 El Paseo Dr, Palm Desert, CA 92260
      View Details
    • $48 SF/Yr
      70,646 SF

      El Paseo Prime Retail Space

      1,418 SF Storefront, High Traffic
      73400 El Paseo, Palm Desert, CA 92260
      View Details
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    74600 Ca-111
    Palm Desert, CA 92260
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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