Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2601 Tahquitz Cyn Way Palm Springs, CA 92262-7015

    • Medical offices
    • 9,136 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    Apr 28, 2023
    Value Estimations
    $1,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3815830
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Imaging Center / Medical Clinic
    • Dr. Patrick T. Hunt, MD / Physician / Medical Clinic
    • Desert Advanced Imaging Palm Springs / Physician / Medical Clinic
    • Mantell Barry MD / Physician / Medical Clinic

    Property Details for 2601 Tahquitz Cyn Way

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    0.98 lot acres
    Property size
    9,136 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    502-600-003
    APU
    502600003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,550,000
      6.5%
      $1,430,000
      7%
      $1,325,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.517
    Latitude
    33.8228
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,828
    $765,000
    $1,377,000
    $2,142,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      173 Civic Dr, Unit 4

      MEDICAL BUILDING
      173 Civic Dr, Palm Springs, CA 92262-7215
      View Details
    • Value Estimation by Request
      3.62 Acres

      1180 Indian Cyn Dr Ste E205

      MEDICAL BUILDING • 3.62 Acres
      1180 Indian Cyn Dr Ste E205, Palm Springs, CA 92262-4876
      View Details
    • Value Estimation by Request
      4.13 Acres

      555 Tachevah Dr, Unit 201

      MEDICAL BUILDING • 4.13 Acres
      555 Tachevah Dr, Palm Springs, CA 92262-5750
      View Details
    • Value Estimation
      $1,925,000
      7,949 SF

      380 Paseo El Mirador

      MEDICAL BUILDING • 7,949 SF
      380 Paseo El Mirador, Palm Springs, CA 92262-4842
      View Details
    • Value Estimation by Request
      4.13 Acres

      555 Tachevah Dr

      MEDICAL BUILDING • 4.13 Acres
      555 Tachevah Dr, Palm Springs, CA 92262-5750
      View Details
    • Value Estimation by Request
      0.66 Acres

      1100 Palm Cyn Dr Ste, Unit 202

      MEDICAL BUILDING • 0.66 Acres
      1100 Palm Cyn Dr Ste, Palm Springs, CA 92262-4426
      View Details

    Similar Nearby for Sale

    • $80,000

      Established Residential Care Facility

      Licensed Residential Care Facility for the Elderly with waivers.
      3140 Vista Chino E, Palm Springs, CA 92262
      View Details
    • $1,000,000
      2,400 SF

      Palm Springs Commercial Condominium For Sale

      2,400 sq ft condominium ideal for professional or medical use.
      181 S Civic Dr, Palm Springs, CA 92262
      View Details
    • $425,000
      1,200 SF

      Palm Springs Office Space Available

      Single-story office space with kitchen, bathroom, and front/rear exits.
      189 S Civic Dr, Palm Springs, CA 92262
      View Details
    • $1,200,000
      8,000 SF

      Palm Springs Industrial Warehouse

      8,000 SF Warehouse, Owner/User Opportunity
      145 Oasis Rd, Palm Springs, CA 92262
      View Details
    • $42,000
      1.22 Acres

      Palm Springs Land Opportunity

      1.25 acre lot near Hwy 111 and I-10.
      Tipton Rd, Palm Springs, CA 92262
      View Details
    • $180,000

      Construction-Ready Lot with Approved Plans

      Vacant lot with approved plans, ready for construction.
      454 Palm Vista Dr, Palm Springs, CA 92262
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      67,635 SF

      Palm Springs Office Complex

      Executive & Medical Suites, Prime Location
      340 Farrell Dr, Palm Springs, CA 92262
      View Details
    • $1.75 SF/Yr
      15,274 SF

      Palm Springs Medical/Office Space

      Medical/office suites available in central Palm Springs location.
      2145 E Tahquitz Dr, Palm Springs, CA 92262
      View Details
    • $15 SF/Yr
      9,000 SF

      Prime I-10 Mixed-Use Property

      9,000 SF Flex Space, 12 Acres
      3301 Micro Pl, Palm Springs, CA 92262
      View Details
    • $3,850 /Mo
      3,080 SF

      Upscale Industrial/Office Space Available

      Premier light industrial space converted to training school/office. No CAM fees.
      1243 N Gene Autry Trl, Palm Springs, CA 92262
      View Details
    • $1.90 SF/Yr
      1,956 SF

      Palm Springs Ground Floor Office

      Ground floor office space available for rent in Palm Springs.
      1100 N Palm Canyon Dr, Palm Springs, CA 92262
      View Details
    • $2,027 /Mo
      1,622 SF

      Prime Industrial Units on Gene Autry

      Industrial units with high visibility, ample parking, and no CAM fees.
      1243 N Gene Autry Trl, Palm Springs, CA 92262
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2601 Tahquitz Cyn Way
    Palm Springs, CA 92262-7015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.