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    Property profile & analytics

    72261 Highway 111 Palm Desert, CA 92260

    • Strip malls
    • 13,830 SF
    • 2.57 lot acres
    For Sale
    View listing
    $5,967,000
    Value Estimation
    Last Sale
    Nov 07, 2023
    $5,250,000
    Location Intelligence
    Property ID
    US09-5457345
    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

    • Strip malls

    Property Details for 72261 Highway 111

    Year built
    1980
    Construction
    WOOD
    Lot size
    2.57 lot acres
    Property size
    13,830 SF
    Zone code
    PC4SP
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    640-020-055
    APU
    640020055

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,930,000
      6.5%
      $5,575,000
      7%
      $5,155,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,840,000
      Geo Method
      $5,445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,475,000
      Retail
      $4,810,000
      Mixed-Use
      $4,580,000
      Hospitality
      $5,560,000
      Educational
      $4,690,000
      Residential Income
      $5,470,000
      Energy
      $4,960,000
      Income-Based Land
      $4,195,000
      Food Service
      $4,240,000

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.404
    Latitude
    33.7293
    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
    $64,439
    $2,250,000
    $3,000,000
    $5,250,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,040 SF

      72284 Hwy 111

      SHOPPING CENTER, STRIP CENTER • 10,040 SF
      72284 Hwy 111, Palm Desert, CA 92260-2784
      View Details
    • Value Estimation by Request
      5,620 SF

      72210 Hwy 111

      SHOPPING CENTER, STRIP CENTER • 5,620 SF
      72210 Hwy 111, Palm Desert, CA 92260-2782
      View Details
    • Value Estimation by Request
      3,003 SF

      73260 El Paseo

      SHOPPING CENTER, STRIP CENTER • 3,003 SF
      73260 El Paseo, Palm Desert, CA 92260-4270
      View Details
    • Value Estimation by Request
      50,318 SF

      73555 El Paseo

      SHOPPING CENTER, STRIP CENTER • 50,318 SF
      73555 El Paseo, Palm Desert, CA 92260-4332
      View Details
    • Value Estimation by Request
      18,132 SF

      44439 Town Ctr Way

      SHOPPING CENTER, STRIP CENTER • 18,132 SF
      44439 Town Ctr Way, Palm Desert, CA 92260-2729
      View Details
    • Value Estimation by Request
      57,402 SF

      44449 Town Ctr Way

      SHOPPING CENTER, STRIP CENTER • 57,402 SF
      44449 Town Ctr Way, Palm Desert, CA 92260-2729
      View Details

    Similar Nearby for Sale

    • $5,000,000
      20,676 SF

      Prime Palm Desert Office Complex

      $5M, 20,676 SF, Multi-Use
      74399 Ca-111, Palm Desert, CA 92260
      View Details
    • $3,295,000
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      Palm Desert Commercial Investment Opportunity

      Commercial property with high rental income potential in prime location.
      73338 Highway 111, Palm Desert, CA 92260
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    • $5,817,024
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      Gas Station & Convenience Store Palm Desert

      Restaurants • 5,285 SF
      74478 Ca-111, Palm Desert, CA 92260
      View Details
    • $5,817,024
      5,285 SF

      Retail Center with Gas Station

      Well-maintained retail center with gas station in Palm Desert, CA.
      74478 Highway 111, Palm Desert, CA 92260
      View Details
    • $1,070,000
      2,782 SF

      Highway 111 Stand-Alone Building

      Stand-alone building fronting Highway 111 with ample parking.
      73120 California 111, Palm Desert, CA 92260
      View Details
    • $5,967,000
      19,123 SF

      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr
      518,237 SF

      Large Retail Center For Lease

      Prime retail spaces available in a high-traffic shopping center.
      72-333 Thru 72-549 Hwy, Palm Desert, CA 92260
      View Details
    • $3 SF/Yr
      37,000 SF

      Prime Retail Space on El Paseo

      High-profile retail location on Palm Desert's 'Rodeo Drive'.
      73-375 El Paseo Dr, Palm Desert, CA 92260
      View Details
    • Contact for pricing
      113,718 SF

      Palm Desert Retail Spaces Available

      Retail spaces for lease in Palm Desert, California.
      74884 Country Club Dr, Palm Desert, CA 92260
      View Details
    • Contact for pricing
      70,646 SF

      El Paseo Retail Opportunity

      Retail space in Palm Desert's premier shopping district.
      73470 El Paseo Blvd, Palm Desert, CA 92260
      View Details
    • $2 SF/Yr
      10,892 SF

      Retail/Office Building on El Paseo

      Retail/office space in upscale shopping center with ample parking.
      73-260 El Paseo Dr, Palm Desert, CA 92260
      View Details
    • $0.95 SF/Yr
      9 SF

      Palm Desert Warehouse Space Available

      Warehouse space in central Palm Desert location, fresh and clean.
      41801 Corporate Way, Palm Desert, CA 92260
      View Details
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    72261 Highway 111
    Palm Desert, CA 92260
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    Realmo Value Estimation

    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.

    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.

    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
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