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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    34660 Monterey Ave Palm Desert, CA 92211

    • Retail properties
    • 20,251 SF
    • 2.42 lot acres
    For Sale
    View listing
    $5,250,000
    Last Sale
    Feb 14, 2024
    $6,000,000
    Value Estimations
    Cap Rate Potential
    4.8%
    Retail properties
    Location Intelligence
    Property ID
    US09-2751094
    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

    • Retail properties

    Property Details for 34660 Monterey Ave

    Year built
    2008
    Construction
    TILT-UP CONCRETE
    Lot size
    2.42 lot acres
    Property size
    20,251 SF
    Zone code
    PC3
    Property type
    Retail properties
    APN
    694-090-031
    APU
    694090031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,000,000
      ML approach
      $6,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,840,000
      6.5%
      $4,465,000
      7%
      $4,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,235,000
      Market price range: $3.24M - $11.4M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,435,000
      Current use
      AUTO REPAIR, GARAGE
      $8,745,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $6,735,000
      Change: -9% Conversion: Easy
      WAREHOUSE, STORAGE
      $5,985,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.388
    Latitude
    33.796
    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
    $67,489
    $1,045,500
    $4,175,872
    $5,221,372
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      5,276 SF

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      77880-77952 Country Club Dr

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      NURSERY, GREENHOUSE, FLORIST • 3.43 Acres
      77588 El Duna Ct Ste F, Palm Desert, CA 92211-4128
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    • Value Estimation
      $19,730,000
      148,197 SF

      72800 Dinah Shr Dr

      DEPARTMENT STORE • 148,197 SF
      72800 Dinah Shr Dr, Palm Desert, CA 92211-0814
      View Details
    • Value Estimation
      $555,000
      7.68 Acres

      34940 Monterey Ave

      DEPARTMENT STORE • 7.68 Acres
      34940 Monterey Ave, Palm Desert, CA 92211-6013
      View Details

    Similar Nearby for Sale

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      24,800 SF

      Palm Desert Shopping Center

      Prime Retail Investment, High Traffic Area
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      View Details
    • $5,375,000
      31,428 SF

      Renovated Office/Flex/Industrial Building For Sale

      Two-story, fully air-conditioned and heated building with parking and retail/showroom.
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      Anchor Box Retail Opportunity

      Retail space with excellent visibility and monument signage available.
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    • $5,250,000
      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
      5.32 Acres

      Palm Desert Office Complex For Sale

      50,000 SF Office Building, 5.32 Acres
      35900 Monterey Ave, Palm Desert, CA 92211
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    • $350,000
      0.37 Acres

      Palm Desert Commercial Land

      0.37-Acre Commercial Lot, High Visibility
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    Similar Nearby for Lease

    • Contact for pricing
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      Palm Desert Retail Space for Lease

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      72630 Dinah Shore Dr, Palm Desert, CA 92211
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    • $0.33 SF/Yr
      35,424 SF

      Retail Space Near Acrisure Arena

      Retail and restaurant spaces available near Cook Street and I-10.
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      View Details
    • $15 SF/Yr
      5,933 SF

      Desert Country Plaza Retail Spaces

      Prime Palm Desert retail spaces available.
      77880-77952 Country Club Dr, Palm Desert, CA 92211
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    • $19 SF/Yr
      19,984 SF

      Enfield Industrial Space Available

      Palm Desert Manufacturing/Warehouse Space
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    • $1.95 SF/Yr
      100,000 SF

      Prime Office Space Available

      Office space for rent in ideal mid-valley location.
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      View Details
    • $2,400 /Mo

      Remodeled Condo with Chef's Kitchen

      Remodeled 2-bedroom, 2-bath condo available September 10th.
      43376 Cook St, Palm Desert, CA 92211
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      1.9k
    • Avg Time on site
      27 min
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    Palm Desert, CA 92211
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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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