Property profile

340 Farrell Dr Palm Springs, CA 92262

OFF-MARKET
Office buildings
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Property ID
US09-2618821
22,804 SF 3.29 ac Built 1982
Last sale Oct 1990·$2,886,000
Individually Owned Owner of record is an individual. 36-yr Hold Held for 36 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 Abbey Center, located at 340 S Farrell Dr, Palm Springs, CA 92262, offers a unique investment opportunity in the thriving Palm Springs submarket of Riverside County. This Class B office complex comprises three buildings totaling 67,635 square feet, featuring 2-story structures with a minimum divisible space of 431 square feet and currently 1,127 square feet vacant. Built in 1982, the property sits on 4.61 acres of land and boasts ample parking (4.6 spaces per 1,000 square feet) and…

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?
$108k
Tax billed · 2024
Assessed value$8.41M
Assessed land$2.11M
Assessed improvement$6.30M
Effective rate1.28%

Value estimate

· Nov 2026
$5.30M
$4.77M – $5.83M
CAP approach$5.88M
Submarket $/SF estimate$5.22M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$253/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$191 – $427

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?
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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply30.7
Wholesale Shop26.5
Auto Repair Shop25.4

Location

340 Farrell Dr Palm Springs, CA 92262-7963
County assessor Recorded deeds · 6 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
601 Tahquitz Cyn, Palm Springs, CA 92262-6700 $18,341,500 May 2024 20,755 SF
400 El Cielo, Palm Springs, CA 92262-7926 $925,000 Dec 2021 9,328 SF
415 Palm Cyn, Palm Springs, CA 92262-7303 $1,327,000 Nov 2021 14,400 SF
200 Sunrise, Palm Springs, CA 92262-6583 $2,223,000 Sep 2021 11,672 SF
1800 Tahquitz Cyn, Palm Springs, CA 92262-7104 $3,200,000 Jun 2021 10,362 SF
3001 Tahquitz Cyn, Palm Springs, CA 92262-6982 $2,050,000 Oct 2020 12,494 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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Includes: Price & PSF · Cap rate · Location · Zoning

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