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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Hotels
11076 Ocotillo Rd Desert Hot Springs, CA 92240-3231
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2701961
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1954
Construction
WOOD
Total area
963 SF
Lot
0.59 ac (25,700 SF)
Zoning code
VS
APN
639-262-001
UPID
US10-2701961
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
-
Mi Kasa Hot Springs Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Mi Kasa Enterprises LLC · 6 yrs held
Mi Kasa Enterprises LLC
since 2020
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
VS · Desert Hot Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$985,000
+87.3%
Neighborhood: shopping center
$830,000
+57.4%
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 Desert Hot Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Desert Hot 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
$845,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$525,000
Current use
COMMERCIAL (GENERAL)
$985,000
Change: +87% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $650k (Feb 27 2020)
Last sale anchor
$650k
Feb 27 2020
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
$680 / 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
$14,788
Tax year 2024
Assessed value
$697,458
Assessed 2024
Previous assessed
$697,458
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$358,114
Assessed improvement
$339,344
Applied tax rate
14.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
963 SF
Lot
0.59 ac (25,700 SF)
Zoning code
VS
APN
639-262-001
UPID
US10-2701961
Jurisdiction
RIVERSIDE
Zoning & alternative use
VS · Desert Hot Springs, CAZoning VS · permitted uses
VS · Desert Hot Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1954
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
0.59 ac
Current owner
From public records · entity-resolved
Mi Kasa Enterprises LLC
Entity
Mailing address
343 W AVENIDA CERCA, PALM SPRINGS, CA 92262-1402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
—
Kasa Enterprises LLC
—
Deed
related
$600,000 · Allstar Capital Group INC
Feb 27, 2020
$650,000
Mi Kasa Enterprises LLC
Investments L P Triple
Grant Deed
$455,000 · So-cal Cap INC
Feb 1, 2011
$201,668
Triple Investments LP
Mtc Financial INC
Trustees Deed
related
—
Apr 3, 2007
—
Michael Purdy
—
Trustees Deed
related
$104,000 · Kim Hudson
Nov 29, 2006
—
Michael D Purdy
Duran,janet S
Grant Deed
related
$100,000 · Triple Investments LP
Nov 5, 1999
$93,000
Janet S Duran
Purdy,michael D
Grant Deed
$103,500 · Temecula Valley National Bank
Dec 5, 1994
$65,000
Michael Purdy
Prior,frank E
Grant Deed
$6,000 · Seller
Oct 1, 1988
$50,000
Terry L Gheta
Kirk Mike R
Quit Claim Deed
related
$50,000 · Kirk Mike R
—
—
Janet Duran
—
Deed Of Trust
related
$250,000 · Sce FCU
—
—
Janet S Duran
—
Deed Of Trust
related
$35,000 · Sce FCU
—
—
Michael D Purdy
—
Deed Of Trust
related
$48,000 · Sce FCU
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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