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    Property profile & analytics

    74875 Velie Way Palm Desert, CA 92260-1965

    • Retail space
    • 10,150 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 27, 2023
    Location Intelligence
    Property ID
    US09-3079052
    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

    • Desert Electric Supply / Electrical Supply Store

    Property Details for 74875 Velie Way

    Year built
    1978
    Lot size
    0.54 lot acres
    Property size
    10,150 SF
    Zone code
    IP
    Property type
    Retail space
    APN
    624-072-007
    APU
    624072007

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.358
    Latitude
    33.7421
    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
    $9,531
    $198,023
    $573,825
    $771,848
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      73282 Hwy 111th Ste, Unit 106

      RETAIL STORES (PERSONAL SERVICES)
      73282 Hwy 111th Ste, Palm Desert, CA 92260-3914
      View Details
    • Value Estimation by Request

      41801 Corporate Way Ste, Unit 13

      STORE, RETAIL OUTLET
      41801 Corporate Way Ste, Palm Desert, CA 92260-1912
      View Details
    • Value Estimation by Request
      1.21 Acres

      44489 Town Ctr Way Ste A

      STORE, RETAIL OUTLET • 1.21 Acres
      44489 Town Ctr Way Ste A, Palm Desert, CA 92260-2723
      View Details
    • Value Estimation by Request

      73230 Fiddleneck Ln

      STORE, RETAIL OUTLET
      73230 Fiddleneck Ln, Palm Desert, CA 92260-4764
      View Details
    • Value Estimation by Request

      74866 Velie Way Ste, Unit 3

      STORE, RETAIL OUTLET
      74866 Velie Way Ste, Palm Desert, CA 92260-1953
      View Details
    • Value Estimation by Request
      10,294 SF

      73000 Hwy 111

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

    Similar Nearby for Sale

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      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
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      74478 Ca-111, Palm Desert, CA 92260
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    • $5,817,024
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      Retail Center with Gas Station

      Well-maintained retail center with gas station in Palm Desert, CA.
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    • $7,500,000

      El Paseo Mixed-Use Investment

      Prime corner property with retail, restaurant, and residential units.
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    Similar Nearby for Lease

    • $1.50 SF/Yr
      3,124 SF

      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
      10,892 SF

      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
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    • $2 SF/Yr
      5,400 SF

      Retail Space Available For Rent

      Retail space available for rent in Palm Desert, CA.
      73446 Highway 111, Palm Desert, CA 92260
      View Details
    • $21 SF/Yr
      4,439 SF

      El Paseo Retail Space: ±3,085 SF

      Prime Retail Space, El Paseo & Hwy 111
      72608-72624 El Paseo Dr, Palm Desert, CA 92260
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    • $48 SF/Yr
      70,646 SF

      El Paseo Prime Retail Space

      1,418 SF Storefront, High Traffic
      73400 El Paseo, Palm Desert, CA 92260
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    • $2.00 SF/Yr
      1,065 SF

      Retail/Office Space Available

      Retail or office space for rent in Palm Desert.
      44850 Las Palmas Ave, Palm Desert, CA 92260
      View Details
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    74875 Velie Way
    Palm Desert, CA 92260-1965
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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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