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Property profile

44630 Monterey Ave Palm Desert, CA 92260

OFF-MARKET
Office buildings
Property ID
US09-1771590
6,211 SF 0.4 ac lot Built 2007
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story Class B office building, totaling 6,211 square feet, is situated on a 17,400 square foot lot in the highly desirable Palm Desert, California. Built in 2008, the property boasts a prime location on Monterey Avenue, just north of the 111 Freeway, ensuring high visibility and strong traffic counts (21,689 cars daily on Monterey Ave and 31,266 on the 111 Freeway). Its proximity to Westfield Mall further enhances its appeal. The building offers approximately 3,442 square feet on the ground floor and 2,686 square feet on the upper floor, complemented by an 843 square foot balcony. Ample parking is provided with 25 spaces. The property is zoned C1 and features a desirable layout suitable for owner-occupancy or multi-tenant investment. The surrounding area is characterized by a mix of retail businesses, with healthcare and social assistance services also prevalent. Population growth within a 1, 3, and 5-mile radius is projected at 6.37%, 4.92%, and 5.55% respectively, reflecting a strong and growing market. The 5-mile radius boasts a 2020 average household income of $106,296. This presents a unique opportunity for investors and businesses seeking a prominent presence in a thriving community. The property is subject to short sale approval from the lender. APN: 627-061-055.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Construction WOOD
Total area 6,211 SF
Lot 0.4 ac (17,424 SF)
APN 627-061-055
UPID US09-1771590

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
  • Hair Salon
  • Hair Salon Nail Salon

Location

44630 Monterey Ave Palm Desert, CA 92260-3326
Palm Desert metro Census 45126 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.34M
CAP Approach CAP
$1.60M
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.24M

Owner & transaction history

since 2026
Last sale
$1.8M
7 recorded transactions
2026
$742,666
2022
$1.8M
2020
Price N/A
2020
$850,000
2008
Price N/A
2007
Price N/A
2005
Price N/A

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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