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    36101 Bob Hope Dr Ste B5 Rancho Mirage, CA 92270-2003

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    36101 Bob Hope Dr Ste B5 Rancho Mirage, CA 92270-2003

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    • Medical Office Space
    Off-Market
    Property ID
    US09-5560034
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gelson's Pharmacy / Pharmacy
    • Chase Mortgage / Loan Service / Bank
    • Moreno Susan / Dental Office
    • Chase Bank / Bank / Loan Service
    • Clarence Caldwell / Counselor

    Property Details for 36101 Bob Hope Dr Ste B5

    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    000-185-999
    APU
    185999

    Description

    This Class A Rancho Mirage Marketplace, located at 36101 Bob Hope Dr, Rancho Mirage, CA 92270, offers exceptional retail and medical office space. The property boasts a total of 98,500 square feet, with multiple suites available ranging from a minimum of 960 square feet to a maximum contiguous space of 1,551 square feet. Currently, 10,617 square feet is vacant. The building features a 14-foot ceiling height and is conveniently located near the intersection of Bob Hope Drive and Gerald Ford Drive. This high-traffic location benefits from its proximity to the Storyliving Community by Disney, a significant 618-acre mixed-use development currently underway. The property enjoys an average daily traffic count exceeding 36,500 vehicles and attracts over 14,000 customer visits per week. Strong co-tenancy includes established businesses such as Gelson's, Arabella Salon Suites, Savas Health, Just Food for Dogs, FootJoy, Absolutely Postal, O'Caine's Irish Pub, Chase Bank, Joyce's Sushi, Classic Cleaners, Mega Nails & Spa, and Paint & Fire Pottery. Recently, Capriotti's Sandwiches also leased space within the center. This presents a unique opportunity for businesses seeking high visibility and a thriving customer base in a rapidly developing area. The property is categorized as Retail, Restaurant, and Medical Office, with a shopping center subtype.

    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
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.406
    Latitude
    33.7862
    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
    2015
    $0.00
    $0.00
    $10,000
    $10,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      40075 Bob Hope Dr Ste A

      MEDICAL BUILDING
      40075 Bob Hope Dr Ste A, Rancho Mirage, CA 92270-3945
      View Details
    • Value Estimation by Request
      1,549 SF

      40055 Bob Hope Dr, Unit 2

      MEDICAL BUILDING • 1,549 SF
      40055 Bob Hope Dr, Rancho Mirage, CA 92270-3937
      View Details
    • Value Estimation
      $2,780,000
      8,711 SF

      72780 Country Clb Dr Ste, Unit 202

      MEDICAL BUILDING • 8,711 SF
      72780 Country Clb Dr Ste, Rancho Mirage, CA 92270-4150
      View Details
    • Value Estimation
      $1,125,000
      5,329 SF

      72780 Country Clb Dr Ste, Unit 203

      MEDICAL BUILDING • 5,329 SF
      72780 Country Clb Dr Ste, Rancho Mirage, CA 92270-4150
      View Details
    • Value Estimation
      $6,190,000
      36,514 SF

      39700 Bob Hope Dr

      MEDICAL BUILDING • 36,514 SF
      39700 Bob Hope Dr, Rancho Mirage, CA 92270-3267
      View Details
    • Value Estimation by Request
      1,028 SF

      35400 Bob Hope Dr Ste, Unit 201

      MEDICAL BUILDING • 1,028 SF
      35400 Bob Hope Dr Ste, Rancho Mirage, CA 92270-1774
      View Details

    Similar Nearby for Sale

    • $3,500,000
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      Rancho Mirage Medical Office Suites

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      8,276 SF building with leasing and owner-user opportunities.
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    • New
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    Similar Nearby for Lease

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      Rancho Mirage Regal Theater Opportunity

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      Turnkey Office Suite in Rancho

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    • $1.40 SF/Yr

      Rancho Mirage Professional Office Space

      Professional office space in Rancho Mirage Professional Plaza for lease.
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      View Details
    • $1.50 SF/Yr

      Rancho Mirage Office Space Available

      Improved office suites for rent in a prime location.
      69-730 Highway 111, Rancho Mirage, CA 92270
      View Details
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    Rancho Mirage, CA 92270-2003
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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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