Property profile

72608-72624 El Paseo Dr Palm Desert, CA 92260

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

72608-72624 El Paseo Dr Palm Desert, CA 92260
Palm Desert metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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