Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Apartment buildings
140 Tamarisk Rd Palm Springs, CA 92262-5756
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2742952
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1934
Construction
WOOD
Total area
3,335 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R3
APN
505-285-008
UPID
US09-2742952
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
-
Sandra Garratt Design-Box (Bike/Boat/Book/etc) Store
-
Barnett Architects & Interior Design Architect Interior Designer
-
Montgomery Pet Sitters Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$1.01M
Owner & transaction history
Leslie Alexander · 3 yrs held
Leslie Alexander
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
R3 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+2.5%
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
$1,175,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,405,000
Current use
AUTO REPAIR, GARAGE
$1,440,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,150,000
Change: -18% · Conversion: Difficult
RETAIL STORES
$1,135,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.00M (Jun 20 2023)
Last sale anchor
$1.00M
Jun 20 2023
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
$303 / 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
$17,682
Tax year 2024
Assessed value
$1,232,247
Assessed 2024
Previous assessed
$1,232,247
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$215,492
Assessed improvement
$1,016,755
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 (5+ UNITS)
Status
Off-Market
Year built
1934
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Total area
3,335 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R3
APN
505-285-008
UPID
US09-2742952
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
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
1934
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Lot
0.18 ac
Current owner
From public records · entity-resolved
Leslie Alexander
Individual
Free & Clear · 3 yrs held
Mailing address
3344 W HALEY DR, EAGLE, ID 83616-3366
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
—
Leslie Alexander
Leslie T Alexander
Intrafamily Transfer
related
—
May 30, 2023
—
Leslie Alexander
Leslie T Alexander
Intrafamily Transfer
related
—
Aug 31, 2011
$1,000,000
Leslie T Alexander
Bouche J Trust
Grant Deed
$559,000 · First Foundation Bank
Mar 10, 2005
—
Bouche Jean-jacques Trust
Bouche Jean-jacques Trust
Quit Claim Deed
related
—
Mar 8, 2004
—
Bouche,tr
Bouche,jean-jacques L
Quit Claim Deed
related
—
Sep 26, 2002
—
Jeanjacques Etal Bouche
Fabian,robert
Quit Claim Deed
related
—
Jul 13, 2001
—
Bouche Jeanjacques Etal
Bouche Jeanjacques
Quit Claim Deed
related
—
Aug 23, 2000
$340,000
Bouche,jean-jacques
Dougherty,stephen R & Erna
Trustees Deed
—
Jul 24, 1998
$89,500
Stephen R Dougherty
Lifpitz,norman J & Nancy
Grant Deed
related
$59,045 · Seller
Aug 8, 1997
$180,000
Norman J Lifpitz
Morriston,timothy M
Grant Deed
$170,000 · Individual
Jun 1, 1989
$265,000
Timothy Morrison
Cowan Robert T
Grant Deed
$212,000 · Cowan Robert T
—
—
Jean J Bouche
—
Deed Of Trust
related
$487,500 · Abn Amro Mortgage Group INC
—
—
Robert Fabian
—
Deed Of Trust
related
$75,000 · Bay Area Financial
—
—
Jean J Bouche
—
Deed Of Trust
related
$272,000 · Abn Amro Mortgage Group INC
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?”
You own 140 Tamarisk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
