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    34500 Monterey Ave Palm Desert, CA 92211-2089
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    34500 Monterey Ave Palm Desert, CA 92211-2089

    View on Map
    • Strip malls
    • 221,095 SF
    • 8.56 lot acres
    Off-Market
    Property ID
    US09-2649659
    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.
    Value Estimations
    $27,105,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart Money Center / Bank / Credit Union
    • Burger King / Restaurant
    • Walmart Garden Center / Garden Center
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Walmart Vision & Glasses / (Bike/Boat/Book/etc) Store

    Property Details for 34500 Monterey Ave

    Year built
    2006
    Construction
    TILT-UP CONCRETE
    Lot size
    8.56 lot acres
    Property size
    221,095 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    694-090-012
    APU
    694090012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.386
    Latitude
    33.7988
    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
    $181,019
    $3,150,080
    $10,781,698
    $13,931,778
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $23,215,000
      154,374 SF

      34220 Monterey Ave

      SHOPPING CENTER, STRIP CENTER • 154,374 SF
      34220 Monterey Ave, Palm Desert, CA 92211-2096
      View Details
    • Value Estimation
      $27,060,000
      221,095 SF

      34500 Monterey Ave

      SHOPPING CENTER, STRIP CENTER • 221,095 SF
      34500 Monterey Ave, Palm Desert, CA 92211-2089
      View Details
    • Value Estimation
      $690,000
      6,006 SF

      34260 Monterey Ave

      SHOPPING CENTER, STRIP CENTER • 6,006 SF
      34260 Monterey Ave, Palm Desert, CA 92211-2097
      View Details
    • Value Estimation
      $665,000
      6,000 SF

      75046 Gerald Frd Dr

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      75046 Gerald Frd Dr, Palm Desert, CA 92211-2080
      View Details
    • Value Estimation
      $4,030,000
      20,640 SF

      42150 Cook St

      SHOPPING CENTER, STRIP CENTER • 20,640 SF
      42150 Cook St, Palm Desert, CA 92211-5186
      View Details
    • Value Estimation
      $600,000
      4,500 SF

      78206 Varner Rd

      SHOPPING CENTER, STRIP CENTER • 4,500 SF
      78206 Varner Rd, Palm Desert, CA 92211-4136
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Anchor Box Retail Opportunity

      Retail space with excellent visibility and monument signage available.
      35900 Monterey Ave, Palm Desert, CA 92211
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    • $4,750,000
      24,800 SF

      Palm Desert Shopping Center

      Prime Retail Investment, High Traffic Area
      72630 Dinah Shore Dr, Palm Desert, CA 92211
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      17,100 SF

      Iconic Car Wash For Sale

      Established car wash with long-term NNN lease in place.
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      21,323 SF

      Retail Building Available For Sale

      Retail building in Palm Desert, former 99 Cents Only store.
      34660 Monterey Ave, Palm Desert, CA 92211
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    • Contact for pricing

      Palm Desert Development Opportunity

      Prime commercial land suitable for various development projects.
      Gerald Ford Dr, Palm Desert, CA 92211
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Costco

      Dominant retail intersection near Costco, freeway access, new arena.
      72630 Dinah Shore Dr, Palm Desert, CA 92211
      View Details
    • $0.33 SF/Yr

      Retail Space Near Acrisure Arena

      Retail and restaurant spaces available near Cook Street and I-10.
      36-891 Cook St, Palm Desert, CA 92211
      View Details
    • Contact for pricing

      Palm Desert Retail Opportunity

      Retail spaces available in Costco-anchored Palm Desert center.
      72680 Dinah Shore Dr, Palm Desert, CA 92211
      View Details
    • $1.75 SF/Yr

      Dinah Shore Drive Retail Showroom

      Retail showroom with frontage on Dinah Shore Drive.
      73800 Dinah Shore Dr, Palm Desert, CA 92211
      View Details
    • Contact for pricing

      Palm Desert Office Space Available

      High-profile office building with unique architectural features and central courtyard.
      78000 Fred Waring Dr, Palm Desert, CA 92211
      View Details
    • Contact for pricing

      Conveniently Located Commercial Property

      Commercial property for rent, minutes from Interstate 10 Freeway.
      73818 Dinah Shore Dr, Palm Desert, CA 92211
      View Details

    Property Visit Statistics

    • Visits by month
      255.2k
    • Visitors by month
      139.7k
    • Avg Time on site
      32 min
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    Palm Desert, CA 92211-2089
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    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
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