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Property profile & analytics
FOR LEASE
Turn key restaurants
1180 S Palm Canyon Dr Palm Springs, CA 92264
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3021680
For Lease
1 / 10
$1,355,000
1180 S Palm Canyon Dr, Palm Springs, CA 92264
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1992
Construction
WOOD
Total area
3,447 SF
Lot
0.72 ac (31,363 SF)
Zoning code
RR
APN
508-292-031
UPID
US09-3021680
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
-
Desert urology Physician Medical Clinic
-
American Surgical Centers Association / Organization
-
Pizza Hut Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Cph13 Owner LLC
Cph13 Owner LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
RR · Palm 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,140,000
Current use
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.50M (Jun 19 2025)
Last sale anchor
$1.50M
Jun 19 2025
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
$393 / 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
$21,545
Tax year 2024
Assessed value
$1,691,924
Assessed 2024
Previous assessed
$1,691,924
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$818,290
Assessed improvement
$873,634
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1992
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,447 SF
Lot
0.72 ac (31,363 SF)
Zoning code
RR
APN
508-292-031
UPID
US09-3021680
Jurisdiction
RIVERSIDE
Zoning & alternative use
RR · Palm Springs, CA
Zoning RR · permitted uses
RR · 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
RESTAURANT Current
Est. value
$2.1M
RESTAURANT Current
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
1992
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Cph13 Owner LLC
Entity
Mailing address
208 S MAIZE RD, WICHITA, KS 67209-3110
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Tj Properties Holdings INC
—
Deed
related
$12,028,883 · Bank Of Venice
Sep 19, 2025
$1,500,000
Cph13 Owner LLC
The J Larry Fugate Revocable Trust
Grant Deed
$10,250,000 · Origin Bank
Jun 3, 2020
—
Tj Properties Holdings INC
—
Deed
related
$4,150,000 · United Midwest Savings Bank
Dec 20, 2019
$4,050,000
Tj Properties Holdings INC
Michele Drinkwater
Grant Deed
$2,525,000 · Seattle Funding Group Ltd
May 11, 2010
—
Fugate J Larry Trust
Fugate,j Larry & Dana M
Quit Claim Deed
related
—
Feb 16, 1993
—
J Larry Fugate
Fugate,j Larry
Quit Claim Deed
related
$1,049,000 · At&t Commercial Finance Corp
Jan 17, 1992
$500,000
J Larry Fugate
Diamico,eliseo F
Grant Deed
—
Jan 1, 1992
$500,000
J L Fugate
Unknown
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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