1801 Tahquitz Canyon WayPalm Springs, CA 92262

Property Details for 1801 Tahquitz Canyon Way

Year built

2008

Construction

WOOD

Lot size

0.82 AC

Property size (Sq ft)

11,414 SF

Property type

Office properties

Property subtype

Office buildings

APN

502-161-010

APU

502161010

Description

This exceptional Class A, single-story medical office building, totaling 8,968 square feet, presents a compelling investment opportunity in the heart of Palm Springs, California. Built in 2008, this fully occupied (100%) property boasts a desirable location on Tahquitz Canyon Way, a highly visible corridor connecting Palm Springs International Airport to the city center. The building features 50 parking spaces, including 20 covered spaces, providing a generous 5:1 parking ratio. The property sits on a 0.82-acre lot and offers a Net Operating Income (NOI) of $190,000, resulting in a 4.60% cap rate. The asking price is $3,895,000, translating to $434.32 per square foot. This fee-simple ownership opportunity is ideal for investors seeking a stable, high-performing asset in a prime Palm Springs location. The property's address is 1801 E Tahquitz Canyon Way, Building 2, Palm Springs, CA 92262 (APN: 502-161-010). The building's single-story design and ample parking cater perfectly to the needs of medical professionals and their patients. This is a rare opportunity to acquire a fully leased, high-quality asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,137,029

  6.5%

  $2,895,719

  7%

  $2,688,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,002,272

  Geo Method

  $4,017,386

• Alternative Use

  Use

  Valuation

  Residential

  $3,590,692

  Hospitality

  $3,289,054

  Educational

  $2,736,454

  Medical

  $2,830,565

  Retail

  $4,256,706

Location Insight

City

Palm Springs

County

Riverside

State

California

Latitude

33.8227

Longitude

-116.527

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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