This exceptional retail space, located at the hard corner of Highway 111 and El Paseo in Riverside County's Coachella Valley submarket, offers ±1,508 square feet of inline space within the Pointe El Paseo center. The property boasts unparalleled visibility, benefiting from its strategic location at the intersection of four major roadways (Monterey, Highway 111, Highway 74, and El Paseo), resulting in exposure to a significant daily traffic count of 90,313 vehicles. This high-traffic location is further enhanced by strong co-tenancy with established businesses including Starbucks, Juice, First Republic Bank, Wildest Restaurant, and a new Shoe City. The property shares access and parking with the adjacent Palms to Pines shopping center, home to national tenants such as Rite Aid and Staples, providing additional customer draw. The suite itself features ample storefront parking and benefits from recently upgraded landscaping and parking lot improvements, including impressive architectural outdoor lighting for enhanced nighttime visibility. While the total building encompasses 9,600 square feet with one suite, the available space is ±1,508 square feet. This presents a unique opportunity for businesses seeking high visibility and strong co-tenancy in a thriving commercial hub. The maximum contiguous space available is 3,000 square feet.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,954,270
6.5%
$2,727,020
7%
$2,532,230
Comparable approach
Method
Valuation
Relative Method
$1,774,770
Geo Method
$3,560,920
Alternative Use
Use
Valuation
Industrial / Distribution
$5,201,380
Mixed-Use / Specialty
$2,764,410
Hospitality / Lodging
$2,089,490
Office
$2,797,050
Institutional / Educational
$2,890,700
Residential Income
$3,382,120
Multifamily
$3,795,190
Automotive / Energy
$2,477,750
Parking / Income-Based Land
$808,499
Restaurant / Food Service
$1,538,320
Healthcare / Senior Housing
$2,786,540
Location Insight
City
Palm Desert
County
Riverside
State
California
Latitude
33.7203
Longitude
-116.392
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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