73321 Fred Waring DrPalm Desert, CA 92260
- Office properties
- 6,890 SF
Property Details for 73321 Fred Waring Dr
- Year built
- 2005
- Construction
- WOOD
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 6,890 SF
- Zone code
- R207M
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 627-041-046
- APU
- 627041046
Description
This exceptional 6,213-square-foot medical office building in Palm Desert, California, presents a unique owner-user opportunity. Located at 73321 Fred Waring Dr, 92260, this Class B, two-story building sits on a 0.25-acre lot (APN 627-041-046) and boasts a high-visibility location directly across from College of the Desert. The property features clean, modern architecture and a beautifully maintained desert landscape. Ample parking is provided with 5 spaces per 1,000 square feet of upgraded concrete parking, including some covered spaces. The interior benefits from quality tenant improvements completed by the previous tenant, California Psychcare. The flexible floor plan allows for a single tenant occupancy or subdivision into a maximum of three separate spaces, catering to diverse needs. The asking price is $2,150,000, translating to $346.05 per square foot. This multi-tenant building offers a compelling investment opportunity in a thriving location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,893,651
- 6.5%
- $1,747,985
- 7%
- $1,623,129
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,208,661
- Geo Method
- $2,425,073
-
Alternative Use
- Use
- Valuation
- Residential
- $2,167,502
- Hospitality
- $1,985,420
- Educational
- $1,651,846
- Medical
- $1,708,656
- Retail
- $2,569,538
Location Insight
- City
- Palm Desert
- County
- Riverside
- State
- California
- Latitude
- 33.7284
- Longitude
- -116.385
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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