Technical
Financial
Distress signals
Property profile

77570 Springfield Ln Ste U Palm Desert, CA 92211

OFF-MARKET
Other industrial properties
Property ID
US09-0045325
1,436 SF 0.03 ac lot Built 1991
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 1,600-square-foot commercial property is located in the Country Club Business Park in the mid-valley area, with access near I-10 and Washington St. The interior is arranged with three offices, two restrooms, and a storage/breakroom. A warehouse area is present and has been converted to office use, with the potential to be returned to its prior warehouse configuration. The office and warehouse portions of the space are fully air-conditioned, and the property is situated within a maintained business park environment.

Property profile

Verified
Property type Other industrial properties
Use group CONDOMINIUMS (INDUSTRIAL)
Year built 1991
Construction TILT-UP CONCRETE
Total area 1,436 SF
Lot 0.03 ac (1,394 SF)
Zoning code SI
APN 626-321-021
UPID US09-0045325

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Financial Advisor
  • Insurance Agency
  • Construction Company
  • Physician

Location

77570 Springfield Ln Ste U Palm Desert, CA 92211-0472
Palm Desert metro Census 44922 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2023
Last sale
$350,000
7 recorded transactions
2023
$350,000
2013
$204,000
2007
$290,000
2002
$125,000
1997
$78,000
1996
$79,750
1992
$138,000

Zoning & alternative use

SI · Palm Desert, CA
Zoning description

Service Industrial (SI). This district allows for the development of traditional business parks that allow for manufacture, distribution, research and development, and service of products intended for use within Palm Des…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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