73321 Fred Waring DrPalm Desert, CA 92260

  • Office properties
  • 6,890 SF
For Sale
$2,150,000 View listing

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
73321 Fred Waring Dr, Palm Desert, California

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

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
$23,440
$273,408
$1,632,811
$1,906,219
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].