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Property profile

1502 S Palm Canyon Dr 10 Palm Springs, CA 92264

FOR LEASE
Retail space
Property ID
US10-2940136
10,672 SF 0.38 ac lot Built 1961
Last sale Mar 2019 · $1,625,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of multiple small personal workspace units within the Palm Canyon Art Collective (formerly the Muse), configured primarily for artists and art-related uses and also suitable for personal spaces or office use. Overnight stays are not permitted. The available units are sized approximately in the 350 to 550 square-foot range, with at least one larger unit in the configuration (Unit #1) measuring about 760 square feet; other listed units include Unit #2 and Units #4 through…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$24k
Tax billed · 2024
Assessed value$1.78M
Assessed land$268k
Assessed improvement$1.51M
Effective rate1.34%

Value estimate

· Oct 2026
$1.68M
$1.51M – $1.85M
NOI build-up
Gross scheduled income$13k
Vacancy & credit loss−$1k
Operating expenses−$3k
NOI · 1,016.59% cap applied$9k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$362/SF
Submarket average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$229 – $688
Qualifying comparables9

Cap rate analysis

How does the asset earn?
1,016.59%
$9k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office15.6
HVAC Service10.2
Parking Facility10.2

Location

1502 S Palm Canyon Dr, Unit 10 Palm Springs, CA 92264
County assessor Recorded deeds · 5 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
396 Sunny Dunes, Palm Springs, CA 92264 $1,600,000 Feb 2024 3,512 SF
640 Sunny Dunes, Palm Springs, CA 92264 $475,000 Feb 2024 1,500 SF
645 Palm Cyn, Palm Springs, CA 92264-7439 $2,000,000 Apr 2022 2,250 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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