73321 Fred Waring DrPalm Desert, CA 92260

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 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.

• 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

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