Property profile

44227 Monterey Ave Palm Desert, CA 92260

OFF-MARKET
Medical Office Space
Property ID
US09-0615647
3,692 SF 0.21 ac lot Built 1989
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1989
Construction WOOD
Total area 3,692 SF
Lot 0.21 ac (9,147 SF)
Zoning code OP
APN 640-123-010
UPID US09-0615647

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office

Location

44227 Monterey Ave Palm Desert, CA 92260-2710
Palm Desert metro Census 45118 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.96M

Owner & transaction history

since 2023
Last sale
$2.3M
7 recorded transactions
2024
Price N/A
2023
$2.3M
2016
Price N/A
2016
$224,500
2005
Price N/A
2002
$675,000
2001
$590,000

Zoning & alternative use

OP · Palm Desert, CA
Zoning description

Office Professional (OP). This district is intended for various levels of intensities for business, office, administrative, research and development, and/or professional land uses. This district is characterized by urban…

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $3.2M +214.9%
Auto repair, garage $1.6M +58.0%
Office building $1.4M +38.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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