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Property profile & analytics
FOR SALE
Medical Office Space
1404 N Palm Canyon Dr Palm Springs, CA 92262
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-7397317
For Sale
1 / 7
$3,000,000
1404 N Palm Canyon Dr, Palm Springs, CA 92262
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1942
Construction
WOOD
Total area
3,448 SF
Lot
0.38 ac (16,552 SF)
Zoning code
C1AA
APN
505-184-011
UPID
US09-7397317
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
-
Dr. Paul's Medical Clinic
-
Psych Health Centers Crisis Center Medical Clinic
-
Mental Wellness by Ken Seeley Crisis Center Medical Clinic
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
Chris Spencer · 19 yrs held
Chris Spencer
since 2006
7 recorded transactions
Zoning & alternative use
C1AA · 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
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
$22,331
Tax year 2024
Assessed value
$1,637,045
Assessed 2024
Previous assessed
$1,637,045
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$636,388
Assessed improvement
$1,000,657
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1942
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
3,448 SF
Lot
0.38 ac (16,552 SF)
Zoning code
C1AA
APN
505-184-011
UPID
US09-7397317
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1AA · Palm Springs, CA
Zoning C1AA · permitted uses
C1AA · 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.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Chris Spencer
Individual
Mailing address
PO BOX 9296, LAGUNA BEACH, CA 92652-7261
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2006
—
Chris Spencer
Asset Investments INC
Grant Deed
—
Jun 12, 2006
$1,950,000
Asset Investments INC
Thompson A R Living Trust
Grant Deed
$1,950,000 · Chris Spencer
Oct 18, 2001
$212,500
Thompson Trust
Layton,jeff
Grant Deed
related
$390,000 · Jeff
Mar 23, 2000
$342,000
Golden Harvest Corp
Stm Management INC
Grant Deed
related
$200,000 · Seller
Sep 28, 1998
$20,000
Stm Management INC
Salmon,christian
Grant Deed
related
$22,000 · Stillco Corp
Feb 27, 1997
$295,000
Christian Salmon
Mclaughlin,charles L & Bobbee L
Grant Deed
related
$271,000 · Seller
Oct 6, 1995
$135,000
Raman Naran
Major,raymond S & Maria S
Grant Deed
related
$109,803 · Seller
Jan 1, 1991
$115,454
Major,raymond S
Robert E Wehe
Grant Deed
related
$15,984 · Seller
Nov 1, 1989
$167,407
Wehe Robert E
Windgender There
Trustees Deed
related
—
Oct 1, 1988
$175,000
There Windgender
Wehe Robert E
Grant Deed
related
—
—
—
Thompson Albert R Trust
—
Deed Of Trust
related
$200,000 · Burnes Peter B Trust
—
—
Thompson A R Trust
—
Deed Of Trust
related
$385,000 · Barnes Henrietta M Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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