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Property profile & analytics
FOR SALE
Office buildings
11555 Palm Dr Desert Hot Springs, CA 92240
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1781349
For Sale
1 / 7
$49,000
11555 Palm Dr, Desert Hot Springs, CA 92240
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
1,960 SF
Lot
0.17 ac (7,405 SF)
Zoning code
LC
APN
639-241-021
UPID
US09-1781349
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eric Luera · 7 yrs held
Eric Luera
since 2018
7 recorded transactions
Zoning & alternative use
LC · Desert Hot Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,557
Tax year 2024
Assessed value
$519,478
Assessed 2024
Previous assessed
$519,478
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$65,617
Assessed improvement
$453,861
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,960 SF
Lot
0.17 ac (7,405 SF)
Zoning code
LC
APN
639-241-021
UPID
US09-1781349
Jurisdiction
RIVERSIDE
Zoning & alternative use
LC · Desert Hot Springs, CA
Zoning LC · permitted uses
LC · Desert Hot Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Desert Hot Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Eric Luera
Individual
Mailing address
31101 MONTGOMERY AVE, NUEVO, CA 92567-9467
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2018
$475,000
Eric Luera
Pinson,adrian
Grant Deed
$330,000 · Hga Cap Advisors LLC
Aug 14, 2018
—
11555 Palm Drive Trust
Coons Clint
Quit Claim Deed
—
Jul 16, 2018
—
Oasis Real Properties
Hanson Equities
Grant Deed
—
Dec 22, 2017
—
11555 Palm Drive Trust
Palm Drive Investments LLC
Quit Claim Deed
—
Sep 29, 2015
—
Pinscorp INC
—
Trustees Deed
related
$130,000 · Nabor Aragon
Apr 3, 2015
—
Palm Drive Investments LLC
Pinson Adrian
Grant Deed
—
Jan 26, 2015
$155,000
Adrian Pinson
Lim Djrm Family Trust
Grant Deed
$144,000 · Lim Djrm Family Trust (pt)
Jan 26, 2015
—
Adrian Pinson
Pinson,magnolia
Quit Claim Deed
related
—
May 10, 2011
$107,500
Lim Djrm Family Trust
Cartwright Family Trust
Grant Deed
—
May 9, 2006
—
Cartwright Family Trust
Dearden,tamara
Grant Deed
related
—
Nov 8, 2005
—
Cartwright Family Trust
Dearden,tamara
Grant Deed
related
—
Aug 12, 2005
—
Tamara Dearden
Dearden,bryan & Tamara
Quit Claim Deed
related
—
Nov 5, 2003
$170,000
Bryan Dearden
Wright Plaza Partnership
Grant Deed
$127,500 · Canyon National Bank
May 1, 1988
—
Plaza Par Wright
Wright Peter
Quit Claim Deed
related
$70,510 · Bank Yucca Valley
Apr 1, 1988
$12,000
John G Glass
Wright Peter
Quit Claim Deed
related
—
—
—
Wright Plaza Ptshp
—
Deed Of Trust
related
$64,276 · First Community Bank Of Desert
—
—
Peter A Wright
—
Deed Of Trust
related
$17,729 · Individual
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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