For Sale
Thousand Palms, CA
Commercial Real Estate Market Trends & Data
$424
Avg asking sale price
$19
Avg asking lease rate
19,110 SF
Avg unit lease size
35,859 SF
Avg building size for sale
6.27%
Average cap rate
Thousand Palms's Demographic Profile
Thousand Palms has 3,366 households and a median income of $56,904, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 8,994 |
| # Households | 3,366 |
| Median age | 47 |
| Median household income | $56,904 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 811 |
| 5-year population change | +7% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Thousand Palms, CA
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cathedral City | $264 | 17,897 SF | 7.23% |
| Palm Desert | $285 | 15,273 SF | 6.67% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Thousand Palms | $698 | 14,003 SF |
| Rancho Mirage | $458 | 15,091 SF |
| Cathedral City | $372 | 56,324 SF |
| Desert Hot Springs | $702 | 4,545 SF |
| Palm Desert | $440 | 10,725 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Rancho Mirage | $255 | 9,490 SF | 6.00% |
| Cathedral City | $291 | 6,574 SF | 6.00% |
| Desert Hot Springs | $309 | 4,186 SF | 5.03% |
| Palm Desert | $370 | 3,986 SF | 8.95% |
Commercial Properties For Sale in Thousand Palms
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
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 Thousand Palms pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Thousand Palms | $424 | 35,859 SF |
| Rancho Mirage | $441 | 14,775 SF |
| Cathedral City | $293 | 51,457 SF |
| Desert Hot Springs | $359 | 126,984 SF |
Regional Demographic Comparison
This comparison places Thousand Palms 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 Thousand Palms or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Thousand Palms | 8,994 | 3,366 | 47 | $56,904 | 3 | 811 | 7% |
| 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% |
| Desert Hot Springs | 35,805 | 11,387 | 34 | $42,924 | 3 | 5,618 | 6% |
| Sky Valley | 2,270 | 881 | 49 | $42,500 | 2 | 178 | 2% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Thousand Palms, 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 Thousand Palms
View All Commercial Real Estate For Sale in Thousand Palms
Is Thousand Palms a good market for a first-time commercial real estate investor?
Thousand Palms 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 Thousand Palms?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Thousand Palms. 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 Thousand Palms?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Thousand Palms. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Thousand Palms compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Thousand Palms. 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 Thousand Palms acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Thousand Palms, 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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