Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    74-245 Ca-111 Palm Desert, CA 92260
    Property profile & analytics

    74-245 Ca-111, Palm Desert, CA 92260

    View on Map
    • Office Spaces
    • 22,814 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 74-245 Ca-111

    Year built
    2001
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    One El Paseo Plaza presents a unique investment opportunity in the heart of the desert. This prestigious Class A office complex, situated at the prominent intersection of El Paseo Drive and Highway 111 in Riverside County, boasts 22,814 square feet of versatile space. The property comprises one two-story building, offering a blend of medical, executive, and traditional office suites ideal for multiple tenants. Built in 2001, the complex sits on approximately 5 acres and features elegant lobbies with granite and custom flooring, reflecting its high-end design. Ample parking is available with 350 spaces, including covered and assigned options. Building amenities include a single elevator and lush landscaping with fountains, creating a sophisticated and inviting atmosphere. The property's location within the valley's economic and demographic heart, home to several Fortune 500 companies, ensures high visibility and accessibility. This exceptional property offers a blend of luxury, convenience, and prime location, making it an attractive option for discerning businesses seeking a prestigious address. The property's architectural highlights and well-appointed common areas further enhance its appeal.

    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
    -116.369
    Latitude
    33.7207

    Comparable in this City

    • Value Estimation by Request
      12.55 Acres

      72175 Painters Path

      DENTAL BUILDING
      72175 Painters Path, Palm Desert, CA 92260-2748
      View Details
    • Value Estimation by Request
      7.50 Acres

      72780 Country Clb Dr

      MEDICAL BUILDING
      72780 Country Clb Dr, Palm Desert, CA 92260
      View Details
    • Value Estimation
      $1,165,000
      7,000 SF

      41501 Corporate Way

      MEDICAL BUILDING
      41501 Corporate Way, Palm Desert, CA 92260-1974
      View Details
    • Value Estimation
      $510,000
      3,838 SF

      73180 El Paseo

      MEDICAL BUILDING
      73180 El Paseo, Palm Desert, CA 92260-4218
      View Details
    • Value Estimation by Request

      44139 Monterey Ave Ste A

      MEDICAL BUILDING
      44139 Monterey Ave Ste A, Palm Desert, CA 92260-8700
      View Details
    • Value Estimation by Request
      1.99 Acres

      74075 El Paseo Ste B2

      MEDICAL BUILDING
      74075 El Paseo Ste B2, Palm Desert, CA 92260-4118
      View Details

    Similar Nearby for Sale

    • $2,950,000
      9,506 SF

      Palm Desert Multi-Tenant Commercial Building

      9,506 SF multi-tenant building in the heart of Palm Desert.
      73993 Us Highway 111, Palm Desert, CA 92260
      View Details
    • Contact for pricing

      Turnkey Hair Salon Opportunity

      Fully built-out hair salon in prime location, ready for operation.
      73241 Highway 111, Palm Desert, CA 92260
      View Details
    • $98,000
      754 SF

      Turnkey Hair Salon Opportunity

      Stylish, fully built-out hair salon in prime location for sale.
      73241 Highway 111, Palm Desert, CA 92260
      View Details
    • Contact for pricing
      4,000 SF

      Palm Desert Mixed-Use Remodel Opportunity

      Two-story commercial building with approved plans for mixed-use development.
      74330 Alessandro Dr, Palm Desert, CA 92260
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,027 SF

      Medical Building Suites For Lease

      Medical suites available for lease in Palm Desert, CA.
      73950 Alessandro Dr, Palm Desert, CA 92260
      View Details
    • $28 SF/Yr
      12,027 SF

      Medical Building with Surgery Center

      Medical suites available for lease in a meticulously maintained building.
      Alessandro Dr, Palm Desert, CA 92260
      View Details
    • $1.50 SF/Yr

      Palm Desert Medical/Office Space

      Professional medical and general office space in central Palm Desert.
      72855 Fred Waring Dr, Palm Desert, CA 92260
      View Details
    • $2 SF/Yr

      Medical Office Space Available

      Dental office space for rent in Bristol Farms Shopping Center.
      73091 Country Club Dr, Palm Desert, CA 92260
      View Details
    • $2 SF/Yr

      El Paseo Retail/Office Space

      Prime location on El Paseo, Palm Desert.
      73180 El Paseo, Palm Desert, CA 92260
      View Details
    • Contact for pricing
      12,027 SF

      Medical Building Suites For Lease

      Medical suites available for lease in Palm Desert.
      73950 Alessandro Dr, Palm Desert, CA 92260
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    74-245 Ca-111
    Palm Desert, CA 92260
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    74-245 Ca-111, Palm Desert, CA, 92260
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!