73255 El PaseoPalm Desert, CA 92260

  • Retail properties
  • 25,127 SF
For Lease
$15/SF/YR View listing

Property Details for 73255 El Paseo

Year built
1978
Construction
WOOD
Lot size
1.31 AC
Property size (Sq ft)
25,127 SF
Zone code
C1
Property type
Retail properties
Property subtype
Retail space
APN
627-251-001
APU
627251001

Description

Located on prestigious El Paseo Drive in Palm Desert, CA, Sage Place offers exceptional medical office space. This Class A, two-story building totaling 25,630 square feet sits on a 1.31-acre lot and features 79 parking spaces. Built in 1977, with renovations completed in 2999, the property boasts one elevator and is served by Southern California Edison. Currently, 6,950 square feet of space is available, divisible into units ranging from 770 to 1,760 contiguous square feet. The building has a total of 25,630 square feet and is zoned C-1. The property is situated at 73255 El Paseo, Palm Desert, CA 92260, conveniently located near El Paseo Drive & Sage Ln, in the El Paseo submarket cluster of Riverside County. The address is within the Palm Desert submarket. The property's APN is 627251001. Multiple tenancy options are available. This prime location offers excellent visibility and accessibility, making it an ideal opportunity for medical professionals seeking a prestigious address in the heart of Palm Desert.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,151,696
    6.5%
    $9,370,796
    7%
    $8,701,454
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,107,760
    Geo Method
    $22,286,754
  • Alternative Use

    Use
    Valuation
    Residential
    $7,904,618
    Hospitality
    $7,240,587
    Educational
    $6,024,084
    Medical
    $6,231,261
    Retail
    $9,370,796
73255 El Paseo, Palm Desert, California

Location Insight

City
Palm Desert
County
Riverside
State
California
Latitude
33.7192
Longitude
-116.387
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
$100,926
$2,048,091
$6,181,804
$8,229,895
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