Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    577 Sunny Dunes Rd Palm Springs, CA 92264-7480

    • Retail space
    • 3,996 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2025
    $1,275,000
    Value Estimations
    $1,835,000
    Show details
    Cap Rate Potential
    3.5%
    Retail space
    Location Intelligence
    Property ID
    US10-2216036
    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.

    Current Use by Public Records

    • Antiques and Fine FArts / Antique Store
    • Flwr Co / Cannabis Store
    • Pro Bail Bonds Palm Springs / Bail Bonds Service

    Property Details for 577 Sunny Dunes Rd

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    3,996 SF
    Zone code
    CM
    Property type
    Retail space
    APN
    508-163-003
    APU
    508163003

    Description

    This exceptional retail storefront, located at 577 E Sunny Dunes Rd, Palm Springs, CA 92264, presents a rare investment opportunity. The 4,000 square foot building sits on a 0.21-acre lot (APN 508-163-003) and boasts 100% occupancy. Originally constructed in 1950 by renowned mid-century modern architect Howard Lapham, the property underwent a complete renovation in 2021, restoring its original charm while maintaining modern functionality. Situated in a highly desirable and eclectic area of Palm Springs, just south of downtown, this location benefits from advantageous zoning, including provisions for cannabis sales and consumption. The area is known for its diverse businesses, including antique malls, hardware stores, and restaurants. The property's prime location and recent renovation make it an ideal investment for discerning buyers seeking a strong return in a thriving Palm Springs market. The asking price is $1,500,000, translating to $375 per square foot. This one-story building offers significant potential for continued growth and profitability within a vibrant and evolving commercial landscape. The property's history, combined with its modern updates, creates a unique and attractive offering for investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,630,000
      ML approach
      $1,460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,451,000
      Market price range: $914k - $2.75M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,450,000
      Current use
      AUTO REPAIR, GARAGE
      $1,725,000
      Change: +19% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,620,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.542
    Latitude
    33.812
    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
    $17,692
    $196,856
    $1,115,514
    $1,312,370
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $220,000
      11.06 Acres

      4639 Sunny Dunes Rd

      RETAIL STORES (PERSONAL SERVICES) • 11.06 Acres
      4639 Sunny Dunes Rd, Palm Springs, CA 92264-1540
      View Details
    • Value Estimation
      $245,000
      103,526 SF

      5200 Ramon Rd Bldg A

      RETAIL STORES (PERSONAL SERVICES) • 103,526 SF
      5200 Ramon Rd Bldg A, Palm Springs, CA 92264-3611
      View Details
    • Value Estimation
      $285,000
      1,592 SF

      1550 Gene Autry Trl

      RETAIL STORES (PERSONAL SERVICES) • 1,592 SF
      1550 Gene Autry Trl, Palm Springs, CA 92264-3505
      View Details
    • Value Estimation
      $495,000
      4,777 SF

      4099 Palm Cyn Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,777 SF
      4099 Palm Cyn Dr, Palm Springs, CA 92264
      View Details
    • Value Estimation
      $590,000
      10,913 SF

      4095 Palm Cyn Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,913 SF
      4095 Palm Cyn Dr, Palm Springs, CA 92264-5233
      View Details
    • Value Estimation
      $295,000
      1,600 SF

      4775th E Ramon Rde

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      4775th E Ramon Rde, Palm Springs, CA 92264-1523
      View Details

    Similar Nearby for Sale

    • $4,557,700
      8,214 SF

      Palm Springs US Bank Investment

      High-yield, single-tenant bank property.
      500 Indian Canyon Dr, Palm Springs, CA 92264
      View Details
    • $1,295,000
      21,780.00 Acres

      Palm Springs Land Opportunity

      Residential land in Desert Palisades community, Palm Springs.
      2462 Rising Sun Ct, Palm Springs, CA 92264
      View Details
    • $858,000
      2,600 SF

      Palm Springs Home in Canyon Estates

      Light-filled home in Palm Springs' Canyon Estates with community amenities.
      1597 E Sierra Way, Palm Springs, CA 92264
      View Details
    • $269,000

      Palm Springs Specialty Property

      Specialty property available for purchase in Palm Springs, CA.
      315 Kona Ln, Palm Springs, CA 92264
      View Details
    • $2,100,000

      Renovated Palm Springs Multifamily Property

      Updated 5-unit property suitable for rentals or hotel use.
      1425 Via Soledad S, Palm Springs, CA 92264
      View Details
    • $160,000

      Palm Springs Specialty Property

      Specialty property available for purchase in Palm Springs, CA.
      35 Calle De Los Vientos, Palm Springs, CA 92264
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,015 SF

      Palm Springs Retail Space Available

      High-traffic location, ±6,000 SF available.
      4711-4791 Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • $2,500,000

      Retail Property with Recent Renovations

      Well-located retail property with parking, visibility, and signage opportunities.
      2665 E Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • $850 /Mo
      550 SF

      Palm Springs Office Space Available

      Small office space for lease on S. Palm Canyon Dr.
      Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • New
      $780 /Mo
      380 SF

      Palm Springs Art Collective Space

      Creative and office spaces available for rent in Palm Springs.
      1502 S Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • $1.40 SF/Yr
      1,800 SF

      Office/Storage Space For Rent

      Office/storage space featuring reception, offices, kitchenette, and restroom.
      1237 S Gene Autry Trl, Palm Springs, CA 92264
      View Details
    • $1,950 /Mo
      755 SF

      Palm Springs Condo Seasonal Rental

      Comfortable 1-bedroom condo with pool, spa, and convenient location.
      1655 E Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    577 Sunny Dunes Rd
    Palm Springs, CA 92264-7480
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.