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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Medical Office Space
1080 Indian Cyn Dr Palm Springs, CA 92262-4869
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2965142
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
WOOD
Total area
13,200 SF
Lot
0.86 ac (37,461 SF)
Zoning code
P
APN
507-151-014
UPID
US09-2965142
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Coachella Valley Orthotics and Prosthetics Orthotics & Prosthetics Service
-
Helen Kienzle Physician Medical Clinic
-
Dr. Marcos Martinez Physician Medical Clinic
-
Eisenhower Dermatology Center - Kelly Medical Arts Building Hospital
-
Tobias Moeller-Bertram Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$4.34M
Blend (final)
Blend
$3.12M
Owner & transaction history
William M Kelly · 4 yrs held
William M Kelly
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
P · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.6M
+26.4%
Retail stores
$4.5M
+24.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palm Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,150,000
ML approach
$2,820,000
CAP Approach
CAP Return
Estimation
6%
$2,235,000
6.5%
$2,065,000
7%
$1,915,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,610,000
Current use
WAREHOUSE, STORAGE
$4,560,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$4,485,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±10% · vs last sale $3.25M (Jan 3 2022)
Last sale anchor
$3.25M
Jan 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$236 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$43,004
Tax year 2024
Assessed value
$3,381,300
Assessed 2024
Previous assessed
$3,381,300
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$780,300
Assessed improvement
$2,601,000
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Stories
2
Total area
13,200 SF
Lot
0.86 ac (37,461 SF)
Zoning code
P
APN
507-151-014
UPID
US09-2965142
Jurisdiction
RIVERSIDE
Zoning & alternative use
P · Palm Springs, CA
Zoning P · permitted uses
P · Palm Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
William M Kelly
Individual
Mailing address
74000 COUNTRY CLB DR STE E1, PALM DESERT, CA 92260-1678
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$3,250,000
William M Kelly
Clifford Jeffrey Bochner
Grant Deed
$1,800,000 · Bank Of The West
Jan 3, 2022
—
Brian Michael Bochner
Jordan Sheff
Intrafamily Transfer
related
$1,800,000 · Bank Of The West
May 5, 2016
—
Bochner,lauren E Trust
Bochner C & S Family Trust
Quit Claim Deed
related
—
Jul 23, 2012
—
Bochner C & S Family Trust
Bochner,clifford & Sandy
Quit Claim Deed
related
—
Apr 5, 2006
—
Ldb Realty LLC
Bochner Lauren E Trust
Grant Deed
—
Dec 28, 2001
$230,000
Bouchner Trust
Bouchner Trust
Grant Deed
related
—
Dec 28, 2001
$250,000
Clifford Bochner
Bochner Trust
Grant Deed
related
$207,000 · Bochner Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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