Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    701 Baristo Rd Palm Springs, CA 92262-6325
    Back to Search
    Property profile & analytics

    701 Baristo Rd Palm Springs, CA 92262-6325

    View on Map
    • Sports & entertainment properties
    • 1.65 lot acres
    Off-Market
    Last Sale Dec 18, 2020
    $14,500,000
    Property ID
    US09-3783071
    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
    $14,500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Getaways At Palm Springs Tennis Club / Sports School / Sports Field & Court
    • Catering By Spencer's / Take-out & Catering / Catering Service
    • Farm Palm Springs / Restaurant
    • Palm Springs Tennis Club - Pro Shop / Sports School / Sports Field & Court
    • Palm Springs Tennis Club / Hotel & Motel / Resort

    Property Details for 701 Baristo Rd

    Lot size
    1.65 lot acres
    Property type
    Sports & entertainment properties
    APN
    513-580-066
    APU
    513580066

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.554
    Latitude
    33.8216
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,293 SF

      538 Palm Cyn Dr

      RECREATIONAL, ENTERTAINMENT • 9,293 SF
      538 Palm Cyn Dr, Palm Springs, CA 92262-5526
      View Details
    • Value Estimation by Request
      7.01 Acres

      100 Indian Cyn Dr

      RECREATIONAL, ENTERTAINMENT • 7.01 Acres
      100 Indian Cyn Dr, Palm Springs, CA 92262-6414
      View Details
    • Value Estimation by Request
      8.33 Acres

      Palm Springs, CA 92262

      RECREATIONAL, ENTERTAINMENT • 8.33 Acres
      Palm Springs, CA 92262
      View Details
    • Value Estimation by Request
      8.76 Acres

      Palm Springs, CA 92262

      RECREATIONAL, ENTERTAINMENT • 8.76 Acres
      Palm Springs, CA 92262
      View Details
    • Value Estimation by Request
      3,860 SF

      314 Cahuilla Rd

      RECREATIONAL, ENTERTAINMENT • 3,860 SF
      314 Cahuilla Rd, Palm Springs, CA 92262-7310
      View Details
    • Value Estimation by Request
      1,780 SF

      1700 Sahara Rd

      RECREATIONAL, ENTERTAINMENT • 1,780 SF
      1700 Sahara Rd, Palm Springs, CA 92262-3548
      View Details

    Similar Nearby for Sale

    • $4,000,000

      Former Saks Fifth Avenue Building

      Iconic downtown Palm Springs landmark with redevelopment potential.
      490 S Palm Canyon Dr, Palm Springs, CA 92262
      View Details
    • Contact for pricing
      11,387 SF

      Prime Leased Investment Opportunity

      Fully leased commercial property in Palm Springs' historic Uptown District.
      664-668 N Palm Canyon Dr, Palm Springs, CA 92262
      View Details
    • $3,375,900

      Industrial Land in Aqua Mansa

      10-acre industrial land within Aqua Mansa Industrial Corridor.
      Jurupa Ave, Riverside, CA 92262
      View Details
    • $5,500,000

      Palm Canyon Drive Mixed-Use Opportunity

      Two-story building in revitalized downtown Palm Springs financial district.
      431 South Palm Canyon Dr, Palm Springs, CA 92262
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Palm Canyon Drive Freestanding Building

      Prominent building on South Palm Canyon Drive available for lease.
      441 S Palm Canyon Dr, Palm Springs, CA 92262
      View Details
    • Contact for pricing

      Retail Space on Palm Canyon

      Retail space available for lease on South Palm Canyon Drive.
      362 South Palm Canyon Dr, Palm Springs, CA 92262
      View Details
    • $1.50 SF/Yr

      Retail Building with Drive Thru

      Free-standing retail building with drive-thru, move-in ready condition.
      111 South Sunrise Way, Palm Springs, CA 92262
      View Details
    • $1.75 SF/Yr

      Downtown Palm Springs Multi-Use Property

      Retail and office property in downtown Palm Springs for lease.
      477 S Palm Canyon Dr, Palm Springs, CA 92262
      View Details
    • Contact for pricing

      Palm Springs Restaurant Space Available

      Restaurant space on South Palm Canyon Drive. Liquor license available.
      262 S Palm Canyon Dr, Palm Springs, CA 92262
      View Details
    • $1.17 SF/Yr

      Temperature Controlled Flex Space Available

      Renovated, temperature-controlled flex space suitable for various commercial uses.
      3535 N Anza Rd, Palm Springs, CA 92262
      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.
    701 Baristo Rd
    Palm Springs, CA 92262-6325
    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

    Thank You for Inquiry
    701 Baristo Rd, Palm Springs, CA, 92262
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!