41990 Cook StPalm Desert, CA 92211

Property Details for 41990 Cook St

Year built

2007

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

3,425 SF

Zone code

OP

Property type

Medical offices

Property subtype

Medical centers

APN

632-411-040

APU

632411040

Description

This exceptional Class A medical office building, located at 41990 Cook Street, Suite 1002, Palm Desert, CA 92211, presents a unique owner-user opportunity. The property, built in 2006, boasts 2,168 square feet of renovated space, ideal for an individual practitioner or a medical team. Situated in a prime medical plaza in central Palm Desert, the building offers convenient access and high visibility. The asking price is $1,050,000, translating to $484.32 per square foot. Recent renovations include new flooring and paint, creating a fresh and modern environment. The ground-floor corner location provides excellent exposure. The property features one two-story building and is currently vacant, allowing for immediate occupancy. The APN is 632-411-053, 632-411-054. This is an excellent investment opportunity in a thriving medical community, offering a turnkey solution for establishing or expanding a medical practice. The property's location near Eisenhower offices and other medical practices ensures a high concentration of potential patients and colleagues. This is a rare chance to acquire a well-maintained, conveniently located medical office building in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $941,328

  6.5%

  $868,919

  7%

  $806,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $600,822

  Geo Method

  $1,205,497

• Alternative Use

  Use

  Valuation

  Residential

  $1,077,459

  Hospitality

  $986,947

  Educational

  $821,128

  Medical

  $849,368

  Retail

  $1,277,310

Location Insight

City

Palm Desert

County

Riverside

State

California

Latitude

33.7489

Longitude

-116.356

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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