78375 Varner RdPalm Desert, CA 92211

Property Details for 78375 Varner Rd

Year built

1999

Construction

WOOD

Lot size

1.56 AC

Property size (Sq ft)

7,118 SF

Property type

Retail properties

Property subtype

Banks

APN

748-380-004

APU

748380004

Description

This exceptional restaurant opportunity is located at 78375 Varner Rd, Palm Desert, CA 92211, a high-traffic area directly off Interstate 10 with approximately 94,000 vehicles passing daily. The 6,887 square foot building sits on a 1.56-acre lot and includes 70 parking spaces. Built in 1999, this single-tenant property benefits from excellent freeway visibility and pylon signage. The property is zoned SP - Specific Plan Zone (APN 748-380-004) and is part of the Desert Cities Oasis Shopping Center, sharing proximity with established businesses such as McDonald's, Starbucks, Arco, Chevron, Burger King, and Popeyes. The location boasts strong demographics, serving a population of approximately 113,000 residents within a 5-mile radius, with an average household income of $110,643. Furthermore, the property's adjacency to the Sun City Palm Desert retirement community (9,000+ residents) provides a substantial customer base. Palm Desert's status as a cultural and retail hub, coupled with its proximity to Palm Springs (a major tourist destination attracting approximately 1 million visitors annually), ensures a robust and diverse customer pool. The existing fixtures and furniture from the previous tenant are available for purchase separately. This is a truly unique opportunity to establish a thriving restaurant business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,875,782

  6.5%

  $2,654,568

  7%

  $2,464,956

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,146,616

  Geo Method

  $6,313,412

• Alternative Use

  Use

  Valuation

  Residential

  $2,239,228

  Hospitality

  $2,051,120

  Educational

  $1,706,508

  Medical

  $1,765,197

  Retail

  $2,654,568

Location Insight

City

Palm Desert

County

Riverside

State

California

Latitude

33.7605

Longitude

-116.297

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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