Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    74350 Alessandro Dr Palm Desert, CA 92260

    • Office buildings
    • 5,112 SF
    • 0.76 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Last Sale
    Apr 23, 2020
    $2,200,000
    Value Estimations
    $2,510,000
    Cap Rate Potential
    3.6%
    Office buildings
    Location Intelligence
    Property ID
    US09-0903010
    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

    • The Trainer Connection / Gym
    • Desert MVMT Studio / Physical Fitness Program / Fitness Center
    • Nursefinders / Nursing Agency
    • Palm Desert Recovery Center / Addiction Treatment Center
    • Semper Solaris / Solar Energy Company / Hvac Contractor

    Property Details for 74350 Alessandro Dr

    Year built
    1991
    Construction
    WOOD
    Lot size
    0.76 lot acres
    Property size
    5,112 SF
    Zone code
    R304M
    Property type
    Office buildings
    APN
    625-092-010
    APU
    625092010

    Description

    This exceptional commercial property, located in the heart of Palm Desert at 74350 Alessandro Dr, offers a rare opportunity to lease versatile office space. The property comprises two single-story buildings totaling 11,911 square feet, featuring eight individual suites in a Class B building constructed in 1990. Currently, 3,834 square feet are available for lease, with four individual suites ranging from 1,053 to 1,381 square feet. The property boasts a convenient 10-foot ceiling height, providing ample space and flexibility for various business needs. With a total of 44 parking spaces, ample parking is readily available for tenants and their clients. The property's strategic location just off Deep Canyon Road and Alessandro Drive ensures high visibility and accessibility, benefiting from the area's heavy traffic flow. The property is professionally maintained and offers negotiable lease terms with immediate occupancy options. This mixed-use development combines retail and office spaces, creating a vibrant and dynamic environment. The property is situated in Riverside County and presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving commercial area. The available spaces are ideal for a variety of businesses seeking flexible and adaptable office solutions. Contact us today to schedule a viewing and secure your ideal office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,410,000
      ML approach
      $2,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,807,000
      Market price range: $974k - $2.81M
      AI Estimate
      $1,557,000
      Market price range: $332k - $1.56M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,935,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,225,000
      Change: +67% Conversion: Easy
      RESTAURANT
      $3,175,000
      Change: +64% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,205,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $1,930,000
      Change: -0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.368
    Latitude
    33.7223
    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
    $29,060
    $375,267
    $1,983,574
    $2,358,841
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      43725 Monterey Ave Ste G

      OFFICE BUILDING
      43725 Monterey Ave Ste G, Palm Desert, CA 92260-9325
      View Details
    • Value Estimation
      $260,000
      1.00 Acre

      73241 Hwy 111th Ste 1b

      OFFICE BUILDING • 1.00 Acre
      73241 Hwy 111th Ste 1b, Palm Desert, CA 92260-3921
      View Details
    • Value Estimation by Request

      73061 El Paseo 5th Ste, Unit 5

      OFFICE BUILDING
      73061 El Paseo 5th Ste, Palm Desert, CA 92260-4251
      View Details
    • Value Estimation
      $275,000
      10,580 SF

      45445 Portola Ave

      OFFICE BUILDING • 10,580 SF
      45445 Portola Ave, Palm Desert, CA 92260-4844
      View Details
    • Value Estimation
      $295,000
      4,202 SF

      44901 Vlg Ct

      OFFICE BUILDING • 4,202 SF
      44901 Vlg Ct, Palm Desert, CA 92260-3814
      View Details
    • Value Estimation
      $295,000
      8,388 SF

      74000 Country Clb Dre

      OFFICE BUILDING • 8,388 SF
      74000 Country Clb Dre, Palm Desert, CA 92260-1685
      View Details

    Similar Nearby for Sale

    • $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
    • $4,268,000
      25,053 SF

      Palm Desert Office Investment

      Prime Palm Desert office building, high upside.
      44100 Monterey Ave, Palm Desert, CA 92260
      View Details
    • $5,000,000
      20,676 SF

      Prime Palm Desert Office Complex

      $5M, 20,676 SF, Multi-Use
      74399 Ca-111, Palm Desert, CA 92260
      View Details
    • $1,070,000
      2,782 SF

      Highway 111 Stand-Alone Building

      Stand-alone building fronting Highway 111 with ample parking.
      73120 California 111, Palm Desert, CA 92260
      View Details
    • $4,153,000
      12,870 SF

      Palm Desert Office Building

      12,870 SF Multi-Tenant Office, 80% Occupied
      74090 El Paseo, Palm Desert, CA 92260
      View Details
    • $1,700,000
      1.62 Acres

      Lot 5 - Nighthawk Six Luxury Estate Lots

      Land • 1.62 Acres
      5 Nighthawk Rd, Palm Desert, CA 92260
      View Details

    Similar Nearby for Lease

    • $0.14 SF/Yr
      10,000 SF

      High Image Office Building

      Office building across from College of the Desert.
      73271 Fred Waring Dr, Palm Desert, CA 92260
      View Details
    • $1.70 SF/Yr
      1,274 SF

      Palm Desert Office Space Available

      Second floor office space for rent in Palm Desert.
      44100 Monterey Ave, Palm Desert, CA 92260
      View Details
    • $27 SF/Yr
      22,814 SF

      One El Paseo Plaza: Premier Office Space

      Class A Office Complex, Desert Location
      74-245 Ca-111, Palm Desert, CA 92260
      View Details
    • $12,000 /Mo
      22,215 SF

      Palm Desert Industrial/Warehouse Space

      Move-in ready industrial space with office, loading bay, and parking.
      74883 Velie Way, Palm Desert, CA 92260
      View Details
    • $1.35 SF/Yr
      43,011 SF

      El Paseo Office Suites For Rent

      Fully built out office suites in Palms to Pines corridor.
      72760 El Paseo, Palm Desert, CA 92260
      View Details
    • $19 SF/Yr
      9,300 SF

      Palm Desert Office Suites C & D

      9,300 SF Office Space, 2,000 SF Available
      43725 Monterey Ave, 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.
    74350 Alessandro Dr
    Palm Desert, CA 92260
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.