Technical
Financial
Distress signals
Property profile

72885 Hwy 111 Palm Desert, CA 92260

OFF-MARKET
Strip malls
Property ID
US09-2749554
14,400 SF 1.13 ac lot Built 1972
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Construction TILT-UP CONCRETE
Total area 14,400 SF
Lot 1.13 ac (49,222 SF)
Zoning code PC3S
APN 640-170-008
UPID US09-2749554

Cap rate & NOI

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

Location

72885 Hwy 111 Palm Desert, CA 92260-3312
Palm Desert metro Census 45116 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.99M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.30M
Blend (final) Blend
$14.06M

Owner & transaction history

since 2022
Last sale
$12.0M
6 recorded transactions
2022
$12.0M
2012
$8.0M
2003
$106,000
1997
$2.2M
1995
$1.9M
1988
Price N/A

Zoning & alternative use

PC3S · Palm Desert, CA
Top alternative use upside
Commercial (general) $14.7M +18.9%

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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