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    39575 Washington St Ste, Unit 101 Palm Desert, CA 92211-4152
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    Property profile & analytics

    39575 Washington St Ste, Unit 101, Palm Desert, CA 92211-4152

    View on Map
    • Retail space
    • 8,490 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Nov 21, 2023
    $3,855,500
    Property ID
    US09-1451022
    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
    $4,000,000
    Show details
    Cap Rate Potential
    3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 39575 Washington St Ste

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property type
    Retail space
    APN
    748-370-033
    APU
    748370033

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 21, 2023 $3,855,500 Vista Emerald LLC Inglewood Icon LLC Grant Deed —
    Mar 7, 2022 $2,600,000 Inglewood Icon LLC Hldg LLC Grant Deed $2.1M · Farmers & Merchants Bank
    Nov 18, 2016 — Hldg LLC — Deed · related $914k · Firstbank
    — — Hldg LLC — Deed Of Trust · related $1M · Firstbank NA
    — — Hldg LLC — Deed Of Trust · related $914k · Firstbank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,070,000
      ML approach
      $4,220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,759,000
      Market price range: $1.36M - $4.76M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,115,000
      Current use
      RESTAURANT
      $5,270,000
      Change: +69% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,665,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $2,825,000
      Change: -9% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,510,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.301
    Latitude
    33.7629
    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
    $47,221
    $775,000
    $3,080,100
    $3,855,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      34500 Monterey Ave

      RETAIL STORES (PERSONAL SERVICES)
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      75175 Merle Dr Ste, Unit 200

      STORE, RETAIL OUTLET
      75175 Merle Dr Ste, Palm Desert, CA 92211-5181
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    • Value Estimation by Request

      73700 Dinah Shr Dr Ste, Unit 404

      STORE, RETAIL OUTLET
      73700 Dinah Shr Dr Ste, Palm Desert, CA 92211-0816
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      5.00 Acres

      39505 Berkey Dr Ste K201

      STORE, RETAIL OUTLET
      39505 Berkey Dr Ste K201, Palm Desert, CA 92211-1163
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    • Value Estimation by Request

      42005 Cook St Ste, Unit 102

      STORE, RETAIL OUTLET
      42005 Cook St Ste, Palm Desert, CA 92211-5116
      View Details
    • Value Estimation
      $2,755,000
      17,197 SF

      36891 Cook St Ste 2a

      RETAIL STORES (PERSONAL SERVICES)
      36891 Cook St Ste 2a, Palm Desert, CA 92211-6110
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,323 SF

      Retail Building Available For Sale

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      34660 Monterey Ave, Palm Desert, CA 92211
      View Details
    • Contact for pricing
      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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    • $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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    • Contact for pricing

      Palm Desert Commercial Land Opportunity

      Commercial land in Palm Desert near hotels and retail.
      39565 Washington St, Palm Desert, CA 92211
      View Details
    • Contact for pricing
      17,100 SF

      Iconic Car Wash For Sale

      Established car wash with long-term NNN lease in place.
      75015 Sheryl Ave, Palm Desert, CA 92211
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    Similar Nearby for Lease

    • $0.33 SF/Yr
      30,000 SF

      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
    • $1.00 SF/Yr

      Retail/Showroom Suite with Storage

      3,678 SF retail/showroom suite with storage area available for rent.
      77780 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $1.00 SF/Yr
      3,099 SF

      Retail Space on Country Club

      Retail space available for lease in Palm Desert, California.
      77770 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $1.00 SF/Yr
      2,602 SF

      Retail Space on Country Club

      Retail space available for lease on Country Club Drive.
      77760 Country Club Dr, 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
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    Palm Desert, CA 92211-4152
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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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