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    44419 Town Ctr Way Palm Desert, CA 92260-7100
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    Property profile & analytics

    44419 Town Ctr Way, Palm Desert, CA 92260-7100

    View on Map
    • Strip malls
    • 17,065 SF
    • 1.42 lot acres
    Off-Market
    Property ID
    US09-2789231
    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
    $1,640,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Divine Alchemy Aesthetics / Hair Salon / Nail Salon
    • Permanent Makeup & Skincare by Tanya / Medical Clinic / Skin Care Clinic
    • Palm Desert Sugar Wax Spa / Spa & Massage Center / Skin Care Clinic
    • Luxe By V / Tanning Salon
    • Tra'Mix Barber & Style Salon / Hair Salon

    Property Details for 44419 Town Ctr Way

    Year built
    1988
    Construction
    WOOD
    Lot size
    1.42 lot acres
    Zone code
    CPS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    640-340-008
    APU
    640340008

    Description

    This exceptional retail opportunity is located in the heart of Palm Desert's premier shopping district at One Eleven Town Center, addressing 44419-44491 Town Center Way, zip code 92260, Riverside County, California. The property boasts a coveted end-cap location with high visibility from major thoroughfares: Highway 111, Fred Waring Drive, and Town Center Drive. It's situated directly across from the Coachella Valley's only regional mall, ensuring significant foot traffic and brand exposure. This one-story building offers four available spaces ranging from 1,159 to 6,010 square feet, ideal for a variety of retail uses. The center features a remarkable tenant lineup including Whole Foods (ranked #3 out of 143 stores in the chain), Nordstrom Rack, HomeGoods, True Value, Crumbl Cookies, Handel's Ice Cream, and Breakfast Republic. The property benefits from a dense population with a median household income exceeding $130,000, providing a strong consumer base. A ±6,010 square foot space will be available in January 2025. This is a truly exceptional opportunity to establish a presence in one of the Coachella Valley's most successful retail destinations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.399
    Latitude
    33.7281
    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
    $54,839
    $1,292,152
    $3,171,864
    $4,464,016
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $980,000
      10,040 SF

      72284 Hwy 111

      SHOPPING CENTER, STRIP CENTER
      72284 Hwy 111, Palm Desert, CA 92260-2784
      View Details
    • Value Estimation
      $1,115,000
      5,620 SF

      72210 Hwy 111

      SHOPPING CENTER, STRIP CENTER
      72210 Hwy 111, Palm Desert, CA 92260-2782
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    • Value Estimation by Request
      3,003 SF

      73260 El Paseo

      SHOPPING CENTER, STRIP CENTER
      73260 El Paseo, Palm Desert, CA 92260-4270
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    • Value Estimation
      $4,495,000
      50,318 SF

      73555 El Paseo

      SHOPPING CENTER, STRIP CENTER
      73555 El Paseo, Palm Desert, CA 92260-4332
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    • Value Estimation
      $1,675,000
      18,132 SF

      44439 Town Ctr Way

      SHOPPING CENTER, STRIP CENTER
      44439 Town Ctr Way, Palm Desert, CA 92260-2729
      View Details
    • Value Estimation
      $4,810,000
      57,402 SF

      44449 Town Ctr Way

      SHOPPING CENTER, STRIP CENTER
      44449 Town Ctr Way, Palm Desert, CA 92260-2729
      View Details

    Similar Nearby for Sale

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    • $5,967,000
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      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
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    • $850,000

      Highway 111 Stand-Alone Building

      Stand-alone building fronting Highway 111 with ample parking.
      73120 California 111, Palm Desert, CA 92260
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    • $1,900,000

      El Paseo Retail Building

      Free-standing building in El Paseo's shopping and dining district.
      73940 El Paseo, Palm Desert, CA 92260
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    Similar Nearby for Lease

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      2,971 SF

      Prime Retail Space on El Paseo

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      73-375 El Paseo Dr, Palm Desert, CA 92260
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      20,122 SF

      Palm Desert Retail Spaces Available

      Retail spaces for lease in Palm Desert, California.
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    • $1.50 SF/Yr
      7,553 SF

      Large Retail Center For Lease

      Prime retail spaces available in a high-traffic shopping center.
      72-333 Thru 72-549 Hwy 111, Palm Desert, CA 92260
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    • Contact for pricing
      22,738 SF

      El Paseo Retail Opportunity

      Retail space in Palm Desert's premier shopping district.
      73470 El Paseo Blvd, Palm Desert, CA 92260
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    • Contact for pricing

      Prime Retail Space in Palm Desert

      Retail space available in high-traffic Palm Desert shopping center.
      44491 Town Center Way, Palm Desert, CA 92260
      View Details
    • Contact for pricing

      Retail Space in Palm Desert

      Well-maintained shopping center with ample parking and diverse co-tenants.
      74600 California 111, Palm Desert, CA 92260
      View Details
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    Palm Desert, CA 92260-7100
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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.

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