Property profile

72191 Highway 111 Palm Desert, CA 92260

FOR SALE
Turn key restaurants
Property ID
US09-0218844
10,265 SF 1.29 ac lot Built 1980
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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For Sale
Contact for pricing 10,265 SF
72191 Highway 111, Palm Desert, CA 92260
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Construction WOOD
Total area 10,265 SF
Lot 1.29 ac (56,192 SF)
Zoning code 4SP
APN 640-020-008
UPID US09-0218844

Cap rate & NOI

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

Location

72191 Highway 111 Palm Desert, CA 92260
Palm Desert metro Census 45124 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.49M

Owner & transaction history

since 2021
Last sale
$1.5M
7 recorded transactions
2021
$1.5M
2020
Price N/A
2018
$1.1M
2017
Price N/A
2012
$2.1M
2012
$2.2M
2007
Price N/A

Zoning & alternative use

4SP · Palm Desert, CA

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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