44100 Monterey Ave Palm Desert, CA 92260
Property profile & analytics
44100 Monterey Ave Palm Desert, CA 92260
- Office buildings
- 22,488 SF
- 0.92 lot acres
Property ID
US09-1657201
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.
Location Intelligence
Current Use by Public Records
- Pacific Financial Network / Loan Service / Bank
- MECA / Marketing & Advertising / (Bike/Boat/Book/etc) Store
- Don Bickley Attorney At Law / Law Firm
- Family Law And Mediation Offices of Frederic S Wieder / Law Firm / Child Welfare Organization
- Affordable Legal Associates / Law Firm / Child Welfare Organization
Property Details for 44100 Monterey Ave
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 0.92 lot acres
- Property size
- 22,488 SF
- Zone code
- CPS
- Property type
- Office buildings
- APN
- 627-021-044
- APU
- 627021044
Description
This exceptional 25,053 square foot, two-story office building in Palm Desert, CA, presents a compelling investment opportunity. Located at the highly visible intersection of Monterey Avenue and Fred Waring Drive, the property boasts a prominent location with significant daily traffic. Currently 75% occupied, the building offers substantial upside potential due to in-place rents approximately 15% below market levels. Recent renovations, including exterior painting, landscaping improvements, HVAC upgrades, and fire sprinkler system enhancements, further enhance its appeal. The 0.92-acre lot features a single building constructed in 1986 and extensively renovated in 2022. The property benefits from its proximity to major retail centers like Westfield Palm Desert, One Eleven Town Center, and El Paseo Shopping District, providing tenants with abundant amenities. The building's flexible suite sizes, ranging from approximately 237 to 2,234 square feet, cater to diverse tenant needs. The property is zoned O.P. and offers excellent signage opportunities, capitalizing on the high daily traffic volume of approximately 30,000 cars. The asking price is $4,268,000, representing an attractive 8.71% cap rate. The strong population growth in the Coachella Valley, coupled with a lack of new office construction, positions this property for continued appreciation. This is a rare opportunity to acquire a well-located, renovated office building with significant value-add potential in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,400,000
- ML approach
- $2,290,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,351,000
Market price range: $1.46M - $6.85M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Palm Desert
- County
- Riverside
- State
- California
- Longitude
- -116.391
- Latitude
- 33.728
- 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
$35,350
$583,664
$2,281,597
$2,865,261
-
$0.00
$0.00
$0.00
