Property profile

72620 El Paseo Palm Desert, CA 92260

FOR SALE
Turn key restaurants
Property ID
US10-3158706
8,801 SF 0.27 ac lot Built 1984
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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For Sale
Contact for pricing 8,801 SF
72620 El Paseo, Palm Desert, CA 92260
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Construction WOOD
Total area 8,801 SF
Lot 0.27 ac (11,761 SF)
Zoning code PC3SP
APN 640-160-010
UPID US10-3158706

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
  • (Bike/Boat/Book/etc) Store
  • Department Store
  • Restaurant Take-out & Catering
  • Restaurant

Location

72620 El Paseo Palm Desert, CA 92260
Palm Desert metro Census 45116 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.66M

Owner & transaction history

since 2022
Last sale
$2.7M
7 recorded transactions
2022
$2.7M
2021
$2.1M
2014
$1.6M
2006
Price N/A
2004
$2.4M
2004
Price N/A
1997
Price N/A

Zoning & alternative use

PC3SP · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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