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Property profile & analytics
FOR SALE
Office Spaces
181 S Civic Dr Palm Springs, CA 92262
Individually Owned
26-yr Hold
Free & Clear
Property ID
US09-0323169
For Sale
1 / 32
$899,000
181 S Civic Dr, Palm Springs, CA 92262
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1965
Construction
WOOD
Total area
1,200 SF
Lot
0.03 ac (1,189 SF)
Zoning code
P
APN
502-220-001
UPID
US09-0323169
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
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
Harold Matzner · 26 yrs held
Harold Matzner
since 2000
1 recorded transaction
Zoning & alternative use
P · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
d. § 92.07.02 Uses prohibited. § 92.07.03 Property development standards for mobilehome parks. § 92.07.04 Property development standards within the mobilehome park. § 92.07.05 Property maintenance standards. § 92.08.00 "P" professional zone. § 92.08.01 Uses permitted. § 92.08.02 Uses prohibited. § 92.08.03 Property development standards. § 92.08.04 Performan…
Zone name
Professional
General category
COMMERCIAL
Zone area
48.87 ac
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
$1,918
Tax year 2024
Assessed value
$135,582
Assessed 2024
Previous assessed
$135,582
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$37,653
Assessed improvement
$97,929
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Sale
Year built
1965
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,200 SF
Lot
0.03 ac (1,189 SF)
Zoning code
P
APN
502-220-001
UPID
US09-0323169
Jurisdiction
RIVERSIDE
Zoning & alternative use
P · Palm Springs, CAZoning P · permitted uses
P · Palm Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
d. § 92.07.02 Uses prohibited. § 92.07.03 Property development standards for mobilehome parks. § 92.07.04 Property development standards within the mobilehome park. § 92.07.05 Property maintenance standards. § 92.08.00 "P" professional zone. § 92.08.01 Uses permitted. § 92.08.02 Uses prohibited. § 92.08.03 Property development standards. § 92.08.04 Performance standards. § 92.08.05 Property maintenance standards. § 92.09.00 "C-B-D" centr
Zone name
Professional
General category
COMMERCIAL
Zone area
48.87 ac
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Harold Matzner
Individual
Free & Clear · 26 yrs held
Mailing address
181 S CIVIC DR #1, PALM SPRINGS, CA 92262-7215
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2000
$90,000
Harold Matzner
Phelps Trust
Grant Deed
—
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?”
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