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    Property profile & analytics

    73940 El Paseo Palm Desert, CA 92260-4336

    • Retail space
    • 5,000 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $1,160,000
    Last Sale
    Jun 16, 2025
    $1,500,000
    Location Intelligence
    Property ID
    US09-3315768
    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.

    Current Use by Public Records

    • That Gallery / Art Dealer / Art Gallery
    • Goldfield Home & Art / Furniture Store

    Property Details for 73940 El Paseo

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    5,000 SF
    Zone code
    C1SP
    Property type
    Retail space
    APN
    627-222-028
    APU
    627222028

    Description

    This exceptional 4,971-square-foot freestanding retail/office building is situated in the heart of Palm Desert's El Paseo shopping, dining, and entertainment district. Located at 73940 El Paseo, between San Luis Rey Avenue and Portola Avenue (APN 627-222-028), this Class B property boasts unparalleled visibility with extensive street frontage and floor-to-ceiling display windows. Built in 1972 on a 0.24-acre lot, the single-story building offers an open floor plan ideal for a variety of uses, including retail, restaurants, or offices. Ample on-street parking is available, along with convenient private rear parking. Its prime location within walking distance of high-end retailers, restaurants, and hotels makes this a truly unique investment opportunity in the coveted Coachella Valley's El Paseo Corridor submarket. The property features a single tenancy and is easily accessible. This meticulously maintained building presents an exceptional chance to establish a presence in one of Southern California's most desirable commercial areas.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,135,000
      6.5%
      $1,160,000
      7%
      $1,280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,225,000
      Geo Method
      $1,225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,345,000
      Retail
      $1,140,000
      Mixed-Use
      $1,340,000
      Hospitality
      $1,120,000
      Educational
      $1,345,000
      Residential Income
      $1,370,000
      Energy
      $1,345,000
      Income-Based Land
      $1,240,000
      Food Service
      $1,030,000

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.375
    Latitude
    33.7202
    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
    $22,331
    $424,483
    $848,966
    $1,273,449
    -
    $0.00
    $0.00
    $0.00

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      10,294 SF

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      RETAIL STORES (PERSONAL SERVICES) • 10,294 SF
      73000 Hwy 111, Palm Desert, CA 92260-3901
      View Details

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    Similar Nearby for Lease

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      Palm Desert Retail Space Available

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    • $2 SF/Yr
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      Retail/Office Building on El Paseo

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      Retail Space Available For Rent

      Retail space available for rent in Palm Desert, CA.
      73446 Highway 111, Palm Desert, CA 92260
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    73940 El Paseo
    Palm Desert, CA 92260-4336
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    Realmo Value Estimation

    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.

    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.

    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
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