Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    73655 El Paseo Palm Desert, CA 92260-4304
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    73655 El Paseo Palm Desert, CA 92260-4304

    View on Map
    • Retail space
    • 15,189 SF
    • 0.91 lot acres
    Off-Market
    Property ID
    US09-5678548
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,300,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brandon Boswell Diamonds / (Bike/Boat/Book/etc) Store
    • lolo Interiors / Interior Design / Home Decor Store
    • house of lolo / Clothing & Fashion Store
    • Olivier Napa Valley / (Bike/Boat/Book/etc) Store
    • HVAC Alliance Expert / HVAC Service / General Contractor

    Property Details for 73655 El Paseo

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.91 lot acres
    Property size
    15,189 SF
    Property type
    Retail space
    APN
    627-262-012
    APU
    627262012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.38
    Latitude
    33.7194
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $33,832
    $1,110,222
    $1,645,130
    $2,755,352
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      72608-72624 El Paseo Dr

      Individual retail properties
      72608-72624 El Paseo Dr, Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      10,700 SF

      73468 Ca-111

      Individual retail properties • 10,700 SF
      73468 Ca-111, Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      0.35 Acres

      45188 Portola Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.35 Acres
      45188 Portola Ave, Palm Desert, CA 92260-4150
      View Details
    • Value Estimation by Request

      72270 Hwy 111

      RETAIL STORES (PERSONAL SERVICES)
      72270 Hwy 111, Palm Desert, CA 92260-2780
      View Details
    • Value Estimation by Request

      74741 Joni Dr Ste A

      STORE, RETAIL OUTLET
      74741 Joni Dr Ste A, Palm Desert, CA 92260-2056
      View Details
    • Value Estimation by Request

      73200 El Paseo Ste 3c

      RETAIL STORES (PERSONAL SERVICES)
      73200 El Paseo Ste 3c, Palm Desert, CA 92260-4252
      View Details

    Similar Nearby for Sale

    • $5,967,000
      19,123 SF

      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
      View Details
    • $850,000

      Highway 111 Stand-Alone Building

      Stand-alone building fronting Highway 111 with ample parking.
      73120 California 111, Palm Desert, CA 92260
      View Details
    • $6,999,000

      Landmark El Paseo Corner Property

      Iconic multi-use property in the heart of El Paseo.
      73640 El Paseo, Palm Desert, CA 92260
      View Details
    • $6,452,100
      14,256 SF

      El Paseo Retail Investment Opportunity

      Fully leased retail property on El Paseo Drive for sale.
      73200 El Paseo, Palm Desert, CA 92260
      View Details
    • Contact for pricing
      5,604 SF

      Fully Leased Retail Investment Opportunity

      Multi-tenant retail property in Palm Desert's affluent shopping district.
      73750 El Paseo, Palm Desert, CA 92260
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      745 SF

      Retail/Office Space Available

      Retail or office space for rent in Palm Desert.
      44850 Las Palmas Ave, Palm Desert, CA 92260
      View Details
    • $1.50 SF/Yr

      Large Retail Center For Lease

      Prime retail spaces available in a high-traffic shopping center.
      72-333 Thru 72-549 Hwy 111, Palm Desert, CA 92260
      View Details
    • $0.85 SF/Yr

      El Paseo Retail/Office Suite

      Retail or office suite in premier shopping district.
      74-040 El Paseo Dr, Palm Desert, CA 92260
      View Details
    • $1.85 SF/Yr

      Highway 111 Frontage Suites

      Office or retail suites with great parking and signage.
      74-051 Thru 74-065 Hwy 111, Palm Desert, CA 92260
      View Details
    • $1.50 SF/Yr

      Palm Desert Retail Space Available

      Retail space in central Palm Desert location for lease.
      72-790 Highway 111, Palm Desert, CA 92260
      View Details
    • $2 SF/Yr

      Retail/Office Building on El Paseo

      Retail/office space in upscale shopping center with ample parking.
      73-260 El Paseo Dr, Palm Desert, CA 92260
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    73655 El Paseo
    Palm Desert, CA 92260-4304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!