Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    78206 Varner Rd Palm Desert, CA 92211-4136

    • Strip malls
    • 4,500 SF
    • 9.90 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2685900
    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

    • Totally Restored Inc. / Flooring Contractor
    • Scotia Consulting Inc. / Political Party Office
    • Time Warner Inc / Telecommunications Contractor
    • American Valuation Co / Real Estate Appraiser
    • Desert Discount Cleaners / Dry Cleaner

    Property Details for 78206 Varner Rd

    Year built
    2006
    Construction
    WOOD
    Lot size
    9.90 lot acres
    Property size
    4,500 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    748-390-024
    APU
    748390024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $403,000
      Market price range: $150k - $403k

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.299
    Latitude
    33.7625
    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
    $301,125
    $5,603,000
    $18,407,363
    $24,010,363
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $950,000
      154,374 SF

      34220 Monterey Ave

      SHOPPING CENTER, STRIP CENTER • 154,374 SF
      34220 Monterey Ave, Palm Desert, CA 92211-2096
      View Details
    • Value Estimation
      $875,000
      221,095 SF

      34500 Monterey Ave

      SHOPPING CENTER, STRIP CENTER • 221,095 SF
      34500 Monterey Ave, Palm Desert, CA 92211-2089
      View Details
    • Value Estimation
      $385,000
      6,006 SF

      34260 Monterey Ave

      SHOPPING CENTER, STRIP CENTER • 6,006 SF
      34260 Monterey Ave, Palm Desert, CA 92211-2097
      View Details
    • Value Estimation
      $1,055,000
      221,095 SF

      34500 Monterey Ave

      SHOPPING CENTER, STRIP CENTER • 221,095 SF
      34500 Monterey Ave, Palm Desert, CA 92211-2089
      View Details
    • Value Estimation
      $495,000
      6,000 SF

      75046 Gerald Frd Dr

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      75046 Gerald Frd Dr, Palm Desert, CA 92211-2080
      View Details
    • Value Estimation
      $655,000
      12,902 SF

      39615 Washington St

      SHOPPING CENTER, STRIP CENTER • 12,902 SF
      39615 Washington St, Palm Desert, CA 92211-4157
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Anchor Box Retail Opportunity

      Retail space with excellent visibility and monument signage available.
      Palm Desert, CA 92211
      View Details
    • $4,750,000
      24,800 SF

      Palm Desert Shopping Center

      Prime Retail Investment, High Traffic Area
      72630 Dinah Shore Dr, Palm Desert, CA 92211
      View Details
    • $5,375,000
      31,428 SF

      Renovated Office/Flex/Industrial Building For Sale

      Two-story, fully air-conditioned and heated building with parking and retail/showroom.
      42650 Melanie Pl, Palm Desert, CA 92211
      View Details
    • $5,250,000
      21,323 SF

      Retail Building Available For Sale

      Retail building in Palm Desert, former 99 Cents Only store.
      34660 Monterey Ave, Palm Desert, CA 92211
      View Details
    • $554,500
      1,814 SF

      Poolside Villa in Desert Falls

      Turnkey-furnished, lower-level 3BR villa with pool access in gated community.
      618 Vista Lago Cir N, Palm Desert, CA 92211
      View Details
    • Contact for pricing
      47 SF

      Land in Coachella Valley

      Land available for sale, lease, or joint venture.
      Gerald Frd And Technology Way, Palm Desert, CA 92211
      View Details

    Similar Nearby for Lease

    • $0.33 SF/Yr
      35,424 SF

      Retail Space Near Acrisure Arena

      Retail and restaurant spaces available near Cook Street and I-10.
      36-891 Cook St, Palm Desert, CA 92211
      View Details
    • $1.30 SF/Yr
      1,100 SF

      Retail Space Available For Rent

      Retail space available for rent in Palm Desert, CA.
      43875 Washington St, Palm Desert, CA 92211
      View Details
    • Contact for pricing
      24,800 SF

      Palm Desert Retail Space for Lease

      Medical Retail, Costco-Anchored Plaza
      72630 Dinah Shore Dr, Palm Desert, CA 92211
      View Details
    • $15 SF/Yr
      5,933 SF

      Desert Country Plaza Retail Spaces

      Prime Palm Desert retail spaces available.
      77880-77952 Country Club Dr, Palm Desert, CA 92211
      View Details
    • $19 SF/Yr
      19,984 SF

      Enfield Industrial Space Available

      Palm Desert Manufacturing/Warehouse Space
      77700 Enfield Ln, Palm Desert, CA 92211
      View Details
    • $3,950 /Mo
      2,536 SF

      Golf Course Home with Pool

      Spacious, furnished 3-bedroom home in gated golf community with pool.
      38811 Tandika Trl N, Palm Desert, CA 92211
      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.
    78206 Varner Rd
    Palm Desert, CA 92211-4136
    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.