42650 Melanie Pl Palm Desert, CA 92211
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IP · Palm Desert, CAPalm Desert. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.