Property profile

72261 Highway 111 Palm Desert, CA 92260

FOR SALE
Strip malls
Saved see the list in your Dashboard
Property ID
US09-5457345
13,830 SF 2.57 ac Built 1980
Last sale Nov 2023·$5,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a retail space totaling approximately 19,123 square feet, located on California Highway 111 through the Coachella Valley and within a daily-needs retail center in the Palm Desert area. It is situated in a high-traffic retail corridor near other shopping thoroughfares, including Monterey Avenue, which features retail big-box and shopping plaza uses. The immediate area includes a mix of smaller retail shops and major retailers along these corridors, with the broader Palm Desert…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$64k
Tax billed · 2024
Assessed value$5.25M
Assessed land$2.25M
Assessed improvement$3.00M
Effective rate1.23%

Value estimate

· Nov 2026
$5.45M
$4.91M – $6.00M
AI approach$5.54M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$861/SF
County average, outlier-cleaned · 156 recorded sales of this use type
Observed band · Q1–Q3$212 – $1,778

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PC4SP
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store13.9
HVAC Service12.3
Wholesale Shop12.2

Location

72261 Highway 111 Palm Desert, CA 92260
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
72745 Hwy 111, Palm Desert, CA 92260-3310 $8,211,000 Jun 2024 11,541 SF
73131 Country Clb, Palm Desert, CA 92260-2339 $17,750,000 Mar 2024 7,200 SF
72221 Hwy 111, Palm Desert, CA 92260-2758 $725,909 Dec 2023 15,160 SF
73030 El Paseo, Palm Desert, CA 92260-4285 $4,225,000 Jul 2022 5,687 SF
72885 Hwy 111, Palm Desert, CA 92260-3312 $12,020,000 Mar 2022 14,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?