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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Office buildings
2145 Tahquitz Cyn Way Palm Springs, CA 92262-7020
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2661573
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
WOOD
Total area
7,900 SF
Lot
1.43 ac (62,290 SF)
Zoning code
R2
APN
502-172-016
UPID
US09-2661573
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
-
Voyne Donald DDS Dental Office
-
Palm Springs Healing Center Alternative Medicine Practice
-
Desert Digital Design, Ltd Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Professional Plaza West Business Service Center Corporate Office
-
Scott Redfern Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.65M
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$2.84M
Owner & transaction history
2225 Tahquitz LLC · 4 yrs held
2225 Tahquitz LLC
since 2022
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
R2 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+70.9%
Apartment house (5+ units)
$3.3M
+66.8%
Warehouse, storage
$2.7M
+36.8%
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
Method
Estimation
Statistic approach
$2,605,000
ML approach
$2,650,000
CAP Approach
CAP Return
Estimation
6%
$2,205,000
6.5%
$2,035,000
7%
$1,890,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,995,000
Current use
AUTO REPAIR, GARAGE
$3,410,000
Change: +71% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,330,000
Change: +67% · Conversion: Easy
WAREHOUSE, STORAGE
$2,730,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$2,685,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $3.70M (May 31 2022)
Last sale anchor
$3.70M
May 31 2022
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
$359 / 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
$50,674
Tax year 2024
Assessed value
$3,844,278
Assessed 2024
Previous assessed
$3,844,278
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$884,340
Assessed improvement
$2,959,938
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
7,900 SF
Lot
1.43 ac (62,290 SF)
Zoning code
R2
APN
502-172-016
UPID
US09-2661573
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Palm Springs, CA
Zoning R2 · permitted uses
R2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
RETAIL STORES
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
1974
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
1.43 ac
Current owner
From public records · entity-resolved
2225 Tahquitz LLC
Entity
Free & Clear · 4 yrs held
Mailing address
18653 VENTURA BLVD #333, TARZANA, CA 91356-4103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$3,695,000
2225 Tahquitz LLC
Luke K Choi
Grant Deed
—
Jun 5, 2020
$1,862,500
Choi,l & L Family Trust
Jacob Decedents Trust
Grant Deed
—
Mar 17, 2015
—
Jacob,decedents Trust|jacob Survivors Trust
Jacob Trust
Quit Claim Deed
related
—
Jul 5, 2013
—
Jacob Trust
Jacob Family Trust
Quit Claim Deed
related
—
Jun 26, 2013
—
Jacob,jo Ann S Tr
Jacob,john T
Affidavit Of Death
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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