Property profile

78375 Varner Rd Palm Desert, CA 92211

OFF-MARKET
Banks
Property ID
US09-3142428
7,118 SF 1.56 ac lot Built 1999
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional restaurant opportunity is located at 78375 Varner Rd, Palm Desert, CA 92211, a high-traffic area directly off Interstate 10 with approximately 94,000 vehicles passing daily. The 6,887 square foot building sits on a 1.56-acre lot and includes 70 parking spaces. Built in 1999, this single-tenant property benefits from excellent freeway visibility and pylon signage. The property is zoned SP - Specific Plan Zone (APN 748-380-004) and is part of the Desert Cities Oasis Shopping Center, sharing proximity with established businesses such as McDonald's, Starbucks, Arco, Chevron, Burger King, and Popeyes. The location boasts strong demographics, serving a population of approximately 113,000 residents within a 5-mile radius, with an average household income of $110,643. Furthermore, the property's adjacency to the Sun City Palm Desert retirement community (9,000+ residents) provides a substantial customer base. Palm Desert's status as a cultural and retail hub, coupled with its proximity to Palm Springs (a major tourist destination attracting approximately 1 million visitors annually), ensures a robust and diverse customer pool. The existing fixtures and furniture from the previous tenant are available for purchase separately. This is a truly unique opportunity to establish a thriving restaurant business in a prime location.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1999
Construction WOOD
Total area 7,118 SF
Lot 1.56 ac (67,953 SF)
APN 748-380-004
UPID US09-3142428

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
  • Restaurant

Location

78375 Varner Rd Palm Desert, CA 92211-1141
Palm Desert metro Census 51402 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$945k
Blend (final) Blend
$845k

Owner & transaction history

since 2025
3 recorded transactions
2025
$1.9M
2016
$3.2M
1969
Price N/A

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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