$1,499,000
FOR SALEActive5700 Indian Springs Road
Palm Springs CA 92264
N/A
SF
Commercial
Type
1976
Built
N/A
Cost/SF
Listing Agent
OMNI Group
DRE #: 01782691
Brokerage: Rennie Group
Land Details
Location Analysis
About This Property
Excellent opportunity to acquire a 10,126 SF commercial building in Palm Springs, featuring durable block wall construction and a fenced yard. The property is occupied by a well-established tenant with an impressive 22-year tenancy, providing a history of occupancy and a current income stream. The existing lease has approximately 3 years remaining, offering an investor the opportunity to maintain the current tenancy while evaluating future lease-renewal potential. The property currently offers a reported 7.7% capitalization rate.The building is situated on leased land, with approximately 32 years remaining on the land lease. Located across the street from a new tribal gas station, the property benefits from proximity to a notable commercial development in the surrounding area.Please do not disturb tenant. Drive-by only. No direct contact with the tenant or property visits without prior authorization.
Property Information
Property Overview
Commercial
Property Type
Active
Status
0.71 acres
Lot Size
7.75%
Cap Rate
1,976
Year Built
Property Highlights
N/A Property
Prime Location with High Visibility
7.75% Cap Rate
Location Analysis
Zoning & Use
Utilities & Systems
Investment Metrics
7.75%
Cap Rate
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Recent commercial sales in Palm Springs
Sold $990,000SOLD2,494 SF•Retail311 N Indian Canyon DriveSold Apr 2026KELLER WILLIAMS REALTY | DRE #01498790Buyer's agent: Michael Meade, Meade Commercial Inc. | DRE #01480973
- Sold $915,000SOLD530 Industrial PlaceSold Mar 2026Realty Trust | DRE #01257645Buyer's agent: Sandra Quinn, Realty Trust | DRE #01391280
Sold $750,000SOLD63 738 Orr WaySold Dec 2025Coldwell Banker Realty | DRE #02082120
Sold $4,300,000SOLD960 Palm Canyon DriveSold Dec 2025Compass | DRE #02074886Buyer's agent: Scott Ehrens, Compass | DRE #02074886
Sold $1,050,000SOLD2,579 SF•Mixed Use407 N Palm CanyonSold Nov 2025PLATINUM STAR PROPERTIES | DRE #02207471Buyer's agent: Jody Katz, Estates & Trusts Realty, Inc | DRE #02013896
Sold $1,500,000SOLD695 Williams RoadSold Aug 2025MBR & Associates | DRE #01864020Buyer's agent: SANDY JOHNSTON, SANDY JOHNSTON BROKER | DRE #01199991
Closed commercial sales reported, newest first.
CRMLS
MLS# 219155151DA
Listed:
Nalren refreshed:
Last updated
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Listed by: Rennie Group
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.