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Property profile & analytics
FOR SALE
Medical Office Space

140 North Luring Dr Palm Springs, CA 92262

10,368 SF 0.6 ac lot Built 1970
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-2331119
Property summary
AI-generated overview

This exceptional 9,850-square-foot medical office building is strategically located in central Palm Springs, California, at 140 N. Luring Dr, 92262. Boasting a modern design and situated on a 0.61-acre lot, the property offers convenient access from E. Tahquitz Canyon Way and N. Sunrise Way. The building has undergone significant renovations in recent years, resulting in a high-quality, updated space. Ample private covered parking is available for tenants and visitors. Panoramic mountain views are visible from all sides of the building. This single-building property presents a unique opportunity for owner-users seeking to occupy a portion of the space while generating income from leasing the remaining suites. The asking price is $1,950,000, translating to a price per square foot of $197.97. This represents a compelling investment opportunity in a desirable location within Riverside County. The property's prime location and recent renovations make it an attractive option for medical professionals and investors alike. The building's multi-use design offers flexibility for a variety of medical practices or related businesses.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1970
Construction WOOD
Total area 10,368 SF
Lot 0.6 ac (26,136 SF)
Zoning code P
APN 502-064-008
UPID US10-2331119
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jay Jorgensen, DDS Dental Office
  • Gerald E. Chang, DDS, Inc. Dental Office
  • PS...Test Charitable Organization Social Service Agency
  • Dr. Andrew Harrison Physician
  • Dr. Christopher Rapoff Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k
Owner & transaction history
Tarzana Medical LLC · 5 yrs held
Tarzana Medical LLC
since 2020
7 recorded transactions
2020
Price N/A
2020
$820,000
2014
$820,000
2008
Price N/A
2001
$650,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
P · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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