73255 El PaseoPalm Desert, CA 92260

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 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.

• 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

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

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