Financial
Distress signals
Property profile

74883 Velie Way Palm Desert, CA 92260

FOR LEASE
Manufacturing properties
Property ID
US09-2860028
1,600 SF 0.51 ac lot Built 1978
Last sale Feb 2023 · $935,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an equipment storage yard featuring a 1,600-square-foot office building with one loading bay and a covered area. The office includes two restrooms and is served by two HVAC mini-split units. The site provides six truck-sized parking spaces and includes additional parking for vehicles. It is located in the Cook Street Business Area, near established automotive-related businesses, and offers convenient access to I-10 and Hwy 111.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$954k
Assessed land$230k
Assessed improvement$724k
Effective rate1.23%

Value estimate

· Sep 2026
$1.03M
$923k – $1.13M
AI approach$945k
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 110.91% cap applied$12k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$216/SF
Submarket average, outlier-cleaned · 92 recorded sales of this use type
Observed band · Q1–Q3$163 – $277
Qualifying comparables5

Cap rate analysis

How does the asset earn?
110.91%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IP
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant25.7
Dental Office23.7
Hair Salon17.2

Location

74883 Velie Way Palm Desert, CA 92260
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
74850 42nd, Palm Desert, CA 92260-1962 $1,350,000 Feb 2026 6,279 SF
74875 Hovley E, Palm Desert, CA 92260-1921 $2,300,000 Dec 2025 7,506 SF
74818 Velie Way, Palm Desert, CA 92260-1924 $232,500 Feb 2024 1,146 SF
74991 Joni Dr, Palm Desert, CA 92260-2043 $290,000 Dec 2023 2,340 SF
74725 Joni, Palm Desert, CA 92260-2080 $1,850,000 Jul 2022 3,348 SF
74824 42nd, Palm Desert, CA 92260-1962 $1,760,000 Apr 2021 2,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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