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Property profile & analytics
FOR LEASE
Strip malls

72990 El Paseo Palm Desert, CA 92260

9,728 SF 1.12 ac lot Built 1980
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US09-3064760
Property summary
AI-generated overview

This exceptional retail space, located at the hard corner of Highway 111 and El Paseo in Riverside County's Coachella Valley submarket, offers ±1,508 square feet of inline space within the Pointe El Paseo center. The property boasts unparalleled visibility, benefiting from its strategic location at the intersection of four major roadways (Monterey, Highway 111, Highway 74, and El Paseo), resulting in exposure to a significant daily traffic count of 90,313 vehicles. This high-traffic location is further enhanced by strong co-tenancy with established businesses including Starbucks, Juice, First Republic Bank, Wildest Restaurant, and a new Shoe City. The property shares access and parking with the adjacent Palms to Pines shopping center, home to national tenants such as Rite Aid and Staples, providing additional customer draw. The suite itself features ample storefront parking and benefits from recently upgraded landscaping and parking lot improvements, including impressive architectural outdoor lighting for enhanced nighttime visibility. While the total building encompasses 9,600 square feet with one suite, the available space is ±1,508 square feet. This presents a unique opportunity for businesses seeking high visibility and strong co-tenancy in a thriving commercial hub. The maximum contiguous space available is 3,000 square feet.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Construction WOOD
Total area 9,728 SF
Lot 1.12 ac (48,787 SF)
Zoning code PC3SP
APN 640-170-013
UPID US09-3064760
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wildest Restaurant & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k
Owner & transaction history
El Paseo West Properties LLC · 14 yrs held
El Paseo West Properties LLC
since 2011
7 recorded transactions
2011
$1.7M
2007
Price N/A
2005
Price N/A
2004
$2.4M
1989
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PC3SP · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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