New search
Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Banks
1675 Palm Cyn Dr Palm Springs, CA 92264-9119
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3129058
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1983
Construction
WOOD
Total area
6,044 SF
Lot
0.98 ac (42,688 SF)
Zoning code
PD
APN
511-020-028
UPID
US09-3129058
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
-
Citi ATM Atm
-
Citi Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Ruth N Reich Family Limited Partner · 11 yrs held
Ruth N Reich Family Limited Partner
since 2015
4 recorded transactions
Zoning & alternative use
PD · 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
$103 / 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
$72,562
Tax year 2024
Assessed value
$5,897,306
Assessed 2024
Previous assessed
$5,897,306
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,178,281
Assessed improvement
$4,719,025
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,044 SF
Lot
0.98 ac (42,688 SF)
Zoning code
PD
APN
511-020-028
UPID
US09-3129058
Jurisdiction
RIVERSIDE
Zoning & alternative use
PD · Palm Springs, CA
Zoning PD · permitted uses
PD · 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
1983
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Ruth N Reich Family Limited Partner
Individual
Mailing address
260 FORBES AVE STE #1300, PITTSBURGH, PA 15222-1848
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2015
$5,005,000
Ruth N Reich Family Limited Partner
C P Sunshine L Lc
Grant Deed
$754,000 · Sce FCU
Feb 4, 2014
$350,850
Cp Sunshine LLC
Citibank NA
Grant Deed
$147,883,516 · Spt Ca Fundings 2 LLC
Oct 18, 1995
—
Devcal Corporation
California Federal Bank
—
related
—
Jul 1, 1989
$1,200,000
Cal Fed Bank
First Nationwide
Grant Deed
related
—
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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