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Property profile & analytics
OFF-MARKET
Estimated value
$2,380,000
Apartment buildings
1333 Belardo Rd Palm Springs, CA 92264-8912
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2199394
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1988
Construction
WOOD
Total area
7,474 SF
Lot
4.75 ac (206,910 SF)
Zoning code
R3
APN
009-608-516
UPID
US09-2199394
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
-
Cielo at Palm Springs Apartment Building
-
All Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.38M
Owner & transaction history
Huff Cielo LP · 4 yrs held
Huff Cielo LP
since 2021
7 recorded transactions
Zoning & alternative use
R3 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+18.4%
Warehouse, storage
$3.0M
+11.2%
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%
$2,015,000
6.5%
$1,860,000
7%
$1,730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,725,000
Current use
AUTO REPAIR, GARAGE
$3,225,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,030,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,710,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±10%
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
$318 / 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
$164,270
Tax year 2024
Assessed value
$11,344,823
Assessed 2024
Previous assessed
$11,344,823
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$2,268,965
Assessed improvement
$9,075,858
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
8
Total area
7,474 SF
Lot
4.75 ac (206,910 SF)
Zoning code
R3
APN
009-608-516
UPID
US09-2199394
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Palm Springs, CA
Zoning R3 · permitted uses
R3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1988
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
8
Lot
4.75 ac
Current owner
From public records · entity-resolved
Huff Cielo LP
Entity
Mailing address
14058 CAMINITO VISTANA, SAN DIEGO, CA 92130-3719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Sep 8, 2021
—
Huff Cielo LP
Cass Cielo LLC
Assignment Of Lease (leasehold Sale)
—
Mar 2, 2018
$10,150,000
Huff Cielo LP
Coachella Vly Developres INC
Grant Deed
—
Mar 2, 2018
—
Cass Cielo LLC
—
Deed
related
$7,105,000 · Mission FCU
Aug 18, 2010
—
Coachella Vly Developers INC
—
Trustees Deed
related
$2,965,517 · Federal National Mortgage Assn
—
—
Coachella Vly Developers INC
—
Deed Of Trust
related
$3,341,000 · Capri Capital Finance LLC
—
—
Coachella Vly Developers INC
—
Deed Of Trust
related
$2,668,750 · Federal National Mortgage Assn
—
—
Coachella Valley Developers In
—
Deed Of Trust
related
$3,900,000 · First Foundation Bank
—
—
Cass Cielo LLC
—
Deed Of Trust
related
$7,105,000 · Mission 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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