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Property profile

140 North Luring Dr Palm Springs, CA 92262

FOR SALE
Medical Office Space
Property ID
US10-2331119
10,368 SF 0.6 ac lot Built 1970
Last sale Nov 2020 · $820,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

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?
$20k
Tax billed · 2024
Assessed value$1.23M
Assessed land$416k
Assessed improvement$815k
Effective rate1.65%

Value estimate

· Oct 2026
$945k
$851k – $1.04M
NOI build-up
Gross scheduled income$226k
Vacancy & credit loss−$19k
Operating expenses−$52k
NOI · 7.94% cap applied$155k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$273/SF
County average, outlier-cleaned · 238 recorded sales of this use type
Observed band · Q1–Q3$133 – $412
Qualifying comparables4

Cap rate analysis

How does the asset earn?
7.94%
$155k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
P
The P zone is intended to provide for the development of a professional district with necessary related retail commercial uses and other ...
General categoryCOMMERCIAL
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Grocery Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Grocery Store10.1
Pawn Shop10.1
Smoke and Vape Shop10.1

Location

140 North Luring Dr Palm Springs, CA 92262
County assessor Recorded deeds · 9 transfers 4 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
173 Civic, Palm Springs, CA 92262-7215 $87,000 Jan 2024 1,200 SF
1080 Indian Cyn, Palm Springs, CA 92262-4869 $3,250,000 Jan 2022 13,200 SF
1221 Indian Cyn, Palm Springs, CA 92262-4875 $2,900,000 May 2021 6,085 SF
1180 Palm Cyn, Palm Springs, CA 92262-4402 $4,050,000 Dec 2019 2,162 SF
160 Luring Dr Ste, Palm Springs, CA 92262-6840 $1,200,000 Nov 2018 10,368 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
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