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Property profile & analytics
FOR SALE
Manufacturing properties

42650 Melanie Pl Palm Desert, CA 92211

18,695 SF 1.51 ac lot Built 1991
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-2554754
Property summary
AI-generated overview

This exceptional 31,428-square-foot, two-story office building in Palm Desert, California, presents a compelling investment opportunity. Located within the desirable Cook Street Business Park, this Class B property boasts a prime location with convenient access to Interstate 10 and Highway 111. Constructed in 1991 and renovated in 2020, the building features reinforced concrete block construction and a highly stylized design. The 1.51-acre lot (65,776 sq ft) includes a fully walled property with security gates and ample parking – 95 spaces, many covered. Currently vacant, the building offers significant upside potential for owner-users or investors. The majority of the space is configured as traditional office space, with a portion previously used as recording studios. The asking price is $3,500,000, representing a compelling price per square foot of $111.37, making it a highly competitive offering in this sought-after business park. The property's APN is 634-260-012, and it is zoned M-SC. This fee-simple ownership opportunity is ready for immediate occupancy.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1991
Construction TILT-UP CONCRETE
Total area 18,695 SF
Lot 1.51 ac (65,775 SF)
Zoning code IP
APN 634-260-012
UPID US10-2554754
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • OGKhush Clothing & Fashion Store
  • KESQ-TV News Channel 3 Television Studio Media Distribution
  • West Coast Cannabis Club Dispensary - Palm Desert (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.36M
Comparable Approach Comparable
$4.20M
Blend (final) Blend
$3.15M
Owner & transaction history
Mir Investment LLC · 1 yrs held
Mir Investment LLC
since 2024
6 recorded transactions
2024
$2.8M
2012
Price N/A
2008
Price N/A
2005
$3.5M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IP · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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