72630 Dinah Shore Dr Palm Desert, CA 92211
- Retail space
- 24,446 SF
- 2.30 lot acres
Current Use by Public Records
- Dollar Tree / Party Store / Craft Store
Property Details for 72630 Dinah Shore Dr
- Year built
- 1992
- Construction
- TILT-UP CONCRETE
- Lot size
- 2.30 lot acres
- Property size
- 24,446 SF
- Zone code
- CPS
- Property type
- Retail space
- APN
- 685-020-006
- APU
- 685020006
Description
This exceptional 24,800 square foot Class A medical retail building, situated on a 2.3-acre lot in Palm Desert, CA (92211), presents a unique investment opportunity. Built in 1992 and renovated in 2011, the single-story property boasts 21-foot ceilings and features two suites, with 12,800 square feet currently available. The minimum divisible space is 12,800 square feet, while the maximum contiguous space is the entire 24,800 square feet. The property includes two loading docks and ample parking (4.5 spaces per 1,000 square feet). Located at the dominant retail intersection of Dinah Shore Drive, this highly visible location benefits from freeway access (Interstate 10) and proximity to a high-volume Costco. The property is zoned C-1 and enjoys a low tax rate of $1.61 per square foot. This prime location serves a thriving community of 425,000 year-round residents, 150,000 seasonal residents, and 3 million annual tourists, further enhanced by the recent opening of the Coachella Valley Arena and numerous ongoing residential developments. This presents a remarkable chance to establish a presence in a rapidly expanding area with significant growth potential. The property offers great exposure for essential retailers and service providers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,785,000
- 6.5%
- $3,580,000
- 7%
- $3,820,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,440,000
- Geo Method
- $3,485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,010,000
- Retail
- $4,420,000
- Mixed-Use
- $3,255,000
- Hospitality
- $3,465,000
- Educational
- $3,550,000
- Residential Income
- $4,100,000
- Energy
- $4,040,000
- Income-Based Land
- $3,585,000
- Food Service
- $3,865,000
Location Insight
- Map
- Local Demand
- City
- Palm Desert
- County
- Riverside
- State
- California
- Longitude
- -116.392
- Latitude
- 33.8029
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
