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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Gas stations
17001 Palm Dr, Desert Hot Springs, CA 92240-7233
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2935495
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1975
Construction
TILT-UP CONCRETE
Total area
2,800 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C1CP
APN
657-220-022
UPID
US10-2935495
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
-
Valero Gas Station
-
BitcoinX ATM Atm
-
Expressway Gas & Market Gas Station
-
Coin Time Bitcoin ATM Atm Investment Service
-
Twice the Ice Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.10M
Owner & transaction history
Expressway Gas & Market INC · 3 yrs held
Expressway Gas & Market INC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
C1CP · Desert Hot 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 Desert Hot Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Desert Hot 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
$2,175,000
ML approach
$2,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$3,320,000
Current use
COMMERCIAL (GENERAL)
$2,865,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10% · vs last sale $2.00M (Jan 25 2023)
Last sale anchor
$2.00M
Jan 25 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
$748 / 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
$28,444
Tax year 2024
Assessed value
$1,910,460
Assessed 2024
Previous assessed
$1,910,460
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$405,960
Assessed improvement
$1,504,500
Applied tax rate
14.0000
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
2,800 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C1CP
APN
657-220-022
UPID
US10-2935495
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1CP · Desert Hot Springs, CA
Zoning C1CP · permitted uses
C1CP · Desert Hot Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Desert Hot Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
SERVICE STATION (FULL SERVICE) Current
COMMERCIAL (GENERAL)
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
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
Expressway Gas & Market INC
Entity
Mailing address
460 N MTN AVE, ONTARIO, CA 91762-2540
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
$2,000,000
Expressway Gas & Market INC
Anthony Yong Hae Lee
Grant Deed
$1,600,000 · Lee Recocable Family Trust
Nov 25, 2014
—
Lee Family Trust
Lee,anthony & Christine
Quit Claim Deed
related
—
Sep 16, 2005
—
Donald K Poulsen
Poulsen,mildred J
Quit Claim Deed
related
—
Sep 16, 2005
$572,500
Anthony Lee
Poulsen,donald K
Grant Deed
$337,500 · Donald K Poulsen
Mar 19, 2001
—
Sossa Helen Etal
Sossa Robert J Etux
Quit Claim Deed
related
—
—
—
Anthony Lee
—
Deed Of Trust
related
$337,500 · Donald K Poulsen
—
—
Sossa Family Trust
—
Deed Of Trust
related
$100,000 · Joseph & Sara Baxter
—
—
Sossa Family Trust
—
Deed Of Trust
related
$100,000 · Sara & Joseph Baxter
—
—
Anthony Lee
—
Deed Of Trust
related
$270,000 · Flyers Energy LLC
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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