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

    35900 Bob Hope Dr Ste, Unit 205 Rancho Mirage, CA 92270-1764

    • Office buildings
    • 2,520 SF
    OFF-MARKET
    Last Sale
    May 19, 2022
    $940,000
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    6.4%
    Office buildings
    Location Intelligence
    Property ID
    US09-2887072
    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

    • Office buildings

    Property Details for 35900 Bob Hope Dr Ste

    Year built
    2005
    Construction
    WOOD
    Property size
    2,520 SF
    Property type
    Office buildings
    APN
    685-121-038
    APU
    685121038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $630,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $705,000
      6.5%
      $650,000
      7%
      $605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.406
    Latitude
    33.7899
    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
    $15,104
    $93,636
    $884,340
    $977,976
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,325,000
      5,900 SF

      71780 San Jacinto Dr, Unit I

      OFFICE BUILDING • 5,900 SF
      71780 San Jacinto Dr, Rancho Mirage, CA 92270-5516
      View Details
    • Value Estimation
      $4,040,000
      4,893 SF

      41604 Indian Trlb

      OFFICE BUILDING • 4,893 SF
      41604 Indian Trlb, Rancho Mirage, CA 92270-4527
      View Details
    • Value Estimation
      $3,050,000
      3,787 SF

      41608 Indian Trld

      OFFICE BUILDING • 3,787 SF
      41608 Indian Trld, Rancho Mirage, CA 92270-4519
      View Details
    • Value Estimation by Request
      0.42 Acres

      72027 Desert Dr

      OFFICE BUILDING • 0.42 Acres
      72027 Desert Dr, Rancho Mirage, CA 92270-4959
      View Details
    • Value Estimation
      $3,680,000
      4,071 SF

      41750 Rancho Las Palmas Dr

      OFFICE BUILDING • 4,071 SF
      41750 Rancho Las Palmas Dr, Rancho Mirage, CA 92270-5511
      View Details
    • Value Estimation
      $2,600,000
      2,312 SF

      35900 Bob Hope Dr Ste, Unit 172

      OFFICE BUILDING • 2,312 SF
      35900 Bob Hope Dr Ste, Rancho Mirage, CA 92270-1765
      View Details

    Similar Nearby for Sale

    • $1,083,000
      3 SF

      Rancho Mirage Office For Sale

      Office building in central Coachella Valley with covered parking.
      71-780 San Jacinto Dr, Rancho Mirage, CA 92270
      View Details
    • $2,249,900
      4,587 SF

      Rancho Mirage Retail/Commercial Building

      Iconic mid-century modern building on Highway 111 in Rancho Mirage.
      72067 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $740,000
      73,558 SF

      Medical Condo in Rancho Mirage

      Medical condominium for sale in a favored medical office park.
      72780 Country Club Dr, Rancho Mirage, CA 92270
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    • $3,900,000

      Highway 111 Commercial Land Opportunity

      Prime commercial land with high visibility on Highway 111.
      70265 Highway 111, Rancho Mirage, CA 92270
      View Details
    • Contact for pricing
      67.14 Acres

      Rancho Mirage Development Land

      67 Acres, I-10 & Bob Hope Drive
      I-10 And Bob Hope Dr, Rancho Mirage, CA 92270
      View Details
    • $9,000,000
      17.16 Acres

      Prime Rancho Mirage Commercial Land

      17-Acre Development Site, $9M
      & Frank Sinatra Monterey Ave, Palm Desert, CA 92270
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      98,500 SF

      Rancho Mirage Marketplace Medical Office Space

      Prime Rancho Mirage retail & medical suites available.
      36101 Bob Hope Dr, Rancho Mirage, CA 92270
      View Details
    • $1.95 SF/Yr
      5,858 SF

      Move-in Ready Office Space

      Well-maintained office space with covered parking and central valley location.
      41750 Rancho Las Palmas Dr, Rancho Mirage, CA 92270
      View Details
    • $1.40 SF/Yr
      49,000 SF

      Rancho Mirage Office Space Available

      Office space available for lease in Rancho Mirage, California.
      35-800 Bob Hope Dr, Rancho Mirage, CA 92270
      View Details
    • $3 SF/Yr
      6,823 SF

      Retail/Medical Office Endcap Space

      Prime endcap available for restaurant, retail, or medical office.
      69-020 Ramon Rd, Cathedral City, CA 92270
      View Details
    • $1.50 SF/Yr
      12,125 SF

      Rancho Mirage Office Space Available

      Improved office suites for rent in a prime location.
      69-730 Highway 111, Rancho Mirage, CA 92270
      View Details
    • $1,100 /Mo
      12,967 SF

      Rancho Mirage Retail/Office Space

      Available retail or office space in Rancho Mirage, California.
      69550 Highway 111, Rancho Mirage, CA 92270
      View Details
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    Rancho Mirage, CA 92270-1764
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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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