Property profile

72630 Dinah Shr Dr Palm Desert, CA 92211

OFF-MARKET
Retail space
Property ID
US09-0651851
24,446 SF 2.3 ac lot Built 1992
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 24,800 square foot Class A medical retail building, situated on a 2.3-acre lot in Palm Desert, CA (92211), presents a unique investment opportunity. Built in 1992 and renovated in 2011, the single-story property boasts 21-foot ceilings and features two suites, with 12,800 square feet currently available. The minimum divisible space is 12,800 square feet, while the maximum contiguous space is the entire 24,800 square feet. The property includes two loading docks and ample parking (4.5 spaces per 1,000 square feet). Located at the dominant retail intersection of Dinah Shore Drive, this highly visible location benefits from freeway access (Interstate 10) and proximity to a high-volume Costco. The property is zoned C-1 and enjoys a low tax rate of $1.61 per square foot. This prime location serves a thriving community of 425,000 year-round residents, 150,000 seasonal residents, and 3 million annual tourists, further enhanced by the recent opening of the Coachella Valley Arena and numerous ongoing residential developments. This presents a remarkable chance to establish a presence in a rapidly expanding area with significant growth potential. The property offers great exposure for essential retailers and service providers.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1992
Construction TILT-UP CONCRETE
Total area 24,446 SF
Lot 2.3 ac (100,187 SF)
Zoning code CPS
APN 685-020-006
UPID US09-0651851

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
  • Party Supply Store (Bike/Boat/Book/etc) Store

Location

72630 Dinah Shr Dr Palm Desert, CA 92211-0801
Palm Desert metro Census 44921 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.60M
CAP Approach CAP
$5.39M
Comparable Approach Comparable
$4.94M
Blend (final) Blend
$3.68M

Owner & transaction history

since 2025
Last sale
$5.0M
7 recorded transactions
2025
$5.0M
2022
Price N/A
2022
$3.4M
2015
$2.8M
2013
$2.5M
2010
$1.4M
1969
Price N/A

Zoning & alternative use

CPS · 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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