Property profile

72990 El Paseo Palm Desert, CA 92260

FOR LEASE
Strip malls
Saved see the list in your Dashboard
Property ID
US09-3064760
9,728 SF 1.12 ac Built 1980
Last sale Dec 2011·$1,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$28k
Tax billed · 2024
Assessed value$2.27M
Assessed land$901k
Assessed improvement$1.37M
Effective rate1.23%

Value estimate

· Nov 2026
$945k
$851k – $1.04M
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI$22k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$861/SF
County average, outlier-cleaned · 156 recorded sales of this use type
Observed band · Q1–Q3$212 – $1,778
Qualifying comparables4

Cap rate analysis

How does the asset earn?
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PC3SP
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop20.2
Wholesale Shop15.7
Storage Facility14.8

Location

72990 El Paseo Palm Desert, CA 92260
County assessor Recorded deeds · 8 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
72745 Hwy 111, Palm Desert, CA 92260-3310 $8,211,000 Jun 2024 11,541 SF
73131 Country Clb, Palm Desert, CA 92260-2339 $17,750,000 Mar 2024 7,200 SF
72221 Hwy 111, Palm Desert, CA 92260-2758 $725,909 Dec 2023 15,160 SF
72261 Hwy 111, Palm Desert, CA 92260-2740 $5,250,000 Nov 2023 13,830 SF
73030 El Paseo, Palm Desert, CA 92260-4285 $4,225,000 Jul 2022 5,687 SF
72885 Hwy 111, Palm Desert, CA 92260-3312 $12,020,000 Mar 2022 14,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?