For Sale
Rancho Mirage, CA
Commercial Real Estate Market Trends & Data
$377
Avg asking sale price
$922
Avg asking lease rate
9,818 SF
Avg unit lease size
15,452 SF
Avg building size for sale
6.10%
Average cap rate
Rancho Mirage's Demographic Profile
Rancho Mirage has 13,994 households and a median income of $101,327, providing context for rent absorption and tenant demand across retail and multifamily assets. A +14% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 27,618 |
| # Households | 13,994 |
| Median age | 66 |
| Median household income | $101,327 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 2,569 |
| 5-year population change | +14% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Rancho Mirage, CA
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Rancho Mirage | $329 | 9,782 SF | 6.00% |
| Cathedral City | $252 | 16,665 SF | 7.23% |
| Palm Desert | $301 | 16,139 SF | 6.67% |
| Indian Wells | $245 | 19,652 SF | 6.67% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cathedral City | $237 | 19,546 SF | 7.23% |
| Desert Hot Springs | $187 | 228,364 SF | 6.86% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Rancho Mirage | $444 | 17,112 SF |
| Cathedral City | $368 | 54,601 SF |
| Thousand Palms | $637 | 19,969 SF |
| Palm Desert | $443 | 12,808 SF |
| Indian Wells | $477 | 20,601 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Rancho Mirage | $255 | 9,490 SF | 6.00% |
| Cathedral City | $289 | 8,990 SF | 6.00% |
| Palm Desert | $370 | 3,986 SF | 8.95% |
| Indian Wells | $370 | 3,986 SF | 8.95% |
| Desert Hot Springs | $315 | 3,781 SF | 5.03% |
Commercial Properties For Sale in Rancho Mirage
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Rancho Mirage pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Rancho Mirage | $377 | 15,452 SF |
| Cathedral City | $299 | 54,244 SF |
| Thousand Palms | $419 | 36,400 SF |
| Palm Desert | $350 | 19,830 SF |
| Indian Wells | $368 | 18,559 SF |
Regional Demographic Comparison
This comparison places Rancho Mirage alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Rancho Mirage or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Rancho Mirage | 27,618 | 13,994 | 66 | $101,327 | 2 | 2,569 | 14% |
| Cathedral City | 56,318 | 20,113 | 42 | $61,469 | 3 | 7,327 | 7% |
| Thousand Palms | 8,994 | 3,366 | 47 | $56,904 | 3 | 811 | 7% |
| Palm Desert | 72,445 | 34,458 | 56 | $78,938 | 2 | 11,022 | 12% |
| Indian Wells | 9,439 | 4,846 | 66 | $120,339 | 2 | 908 | 16% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Rancho Mirage, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Rancho Mirage
View All Commercial Real Estate For Sale in Rancho Mirage
Is Rancho Mirage a good market for a first-time commercial real estate investor?
Rancho Mirage offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Rancho Mirage?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Rancho Mirage. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Rancho Mirage?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Rancho Mirage. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Rancho Mirage compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Rancho Mirage. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Rancho Mirage acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Rancho Mirage, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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