Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    73880 Alessandro Dr Palm Desert, CA 92260-3646
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    73880 Alessandro Dr Palm Desert, CA 92260-3646

    View on Map
    • Office buildings
    • 2,201 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US09-1207432
    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
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carmen Valencia / Insurance Agency
    • Thomas Contopulos / Insurance Agency
    • Farmers Insurance - Jocsan Rendon / Insurance Agency
    • Covered California Certified Agent / Insurance Agency

    Property Details for 73880 Alessandro Dr

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    2,201 SF
    Zone code
    R304M
    Property type
    Office buildings
    APN
    627-182-014
    APU
    627182014

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $565,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $655,000
      Market price range: $143k - $670k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $830,000
      Current use
      AUTO REPAIR, GARAGE
      $950,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $830,000
      Change: -0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.375
    Latitude
    33.7222
    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
    $9,862
    $233,205
    $565,656
    $798,861
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.77 Acres

      73710 Fred Waring Dr Ste, Unit 104

      OFFICE BUILDING • 2.77 Acres
      73710 Fred Waring Dr Ste, Palm Desert, CA 92260-2510
      View Details
    • Value Estimation by Request

      72670 Fred Waring Dr

      OFFICE BUILDING
      72670 Fred Waring Dr, Palm Desert, CA 92260-5011
      View Details
    • Value Estimation by Request
      2.29 Acres

      41625 Eclectic St Ste A2

      OFFICE BUILDING • 2.29 Acres
      41625 Eclectic St Ste A2, Palm Desert, CA 92260-1911
      View Details
    • Value Estimation by Request

      72650 Fred Waring Dr Ste, Unit 202

      OFFICE BUILDING
      72650 Fred Waring Dr Ste, Palm Desert, CA 92260-5009
      View Details
    • Value Estimation by Request

      44875 Deep Cyn Rd Ste, Unit 3

      OFFICE BUILDING
      44875 Deep Cyn Rd Ste, Palm Desert, CA 92260-3757
      View Details
    • Value Estimation
      $2,105,000
      13,040 SF

      74361 Hwy 111

      OFFICE BUILDING • 13,040 SF
      74361 Hwy 111, Palm Desert, CA 92260-4124
      View Details

    Similar Nearby for Sale

    • New
      $4,153,000
      12,870 SF

      Palm Desert Professional Office Building

      Two-story professional building on nearly an acre in Palm Desert.
      74090 El Paseo, Palm Desert, CA 92260
      View Details
    • Contact for pricing
      12,870 SF

      Prime Location Near El Paseo

      Located near El Paseo shopping district with upscale amenities.
      74090 El Paseo, Palm Desert, CA 92260
      View Details
    • Contact for pricing
      25,053 SF

      Palm Desert Office Building

      Premier office location with abundant retail amenities and strong demographics.
      44100 Monterey Ave, Palm Desert, CA 92260
      View Details
    • $4,153,000
      12,870 SF

      Two-Story Professional Building For Sale

      Two-story professional building on nearly one acre available for purchase.
      74090 El Paseo, Palm Desert, CA 92260
      View Details
    • $1,299,000
      4,000 SF

      Palm Desert Mixed-Use Remodel Opportunity

      Two-story commercial building with approved plans for mixed-use development.
      74330 Alessandro Dr, Palm Desert, CA 92260
      View Details

    Similar Nearby for Lease

    • $0.14 SF/Yr

      High Image Office Building

      Office building across from College of the Desert.
      73271 Fred Waring Dr, Palm Desert, CA 92260
      View Details
    • Contact for pricing

      Class A Office Complex

      Luxurious office buildings in the heart of Palm Desert.
      74-245 Ca-111, Palm Desert, CA 92260
      View Details
    • $950 /Mo
      6,351 SF

      Highway 111 Office/Retail Space

      Office/retail space on Highway 111 with private restrooms.
      73925 California 111, 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 Medical/Office Space

      Professional medical and general office space in central Palm Desert.
      72855 Fred Waring Dr, Palm Desert, CA 92260
      View Details
    • $2 SF/Yr

      Medical Office Space Available

      Dental office space for rent in Bristol Farms Shopping Center.
      73091 Country Club 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.
    73880 Alessandro Dr
    Palm Desert, CA 92260-3646
    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!