For Sale
Rancho Mirage, CA
Commercial Real Estate Market Trends & Data
$372 per SF
Avg asking sale price
$20 per SF
Avg asking lease rate
7,606 SF
Avg unit lease size
16,055 SF
Avg building size for sale
6.34%
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% |
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| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cathedral City | $252 | 16,665 SF | 7.23% |
| Palm Desert | $293 | 14,673 SF | 6.67% |
| Indian Wells | $330 | 17,523 SF | 6.67% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Rancho Mirage | $449 | 17,403 SF |
| Cathedral City | $368 | 54,560 SF |
| Thousand Palms | $817 | 22,321 SF |
| Palm Desert | $455 | 13,514 SF |
| Indian Wells | $521 | 10,927 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Rancho Mirage | $255 | 9,490 SF | 6.00% |
| Cathedral City | $287 | 6,574 SF | 6.31% |
| Palm Desert | $334 | 22,800 SF | 9.00% |
| Indian Wells | $462 | 22,800 SF | 9.00% |
| Desert Hot Springs | $307 | 4,186 SF | 6.20% |
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 | $372 | 16,055 SF |
| Cathedral City | $299 | 53,853 SF |
| Thousand Palms | $452 | 36,725 SF |
| Palm Desert | $346 | 18,781 SF |
| Indian Wells | $360 | 14,168 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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