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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail residential properties
2231 Palm Cyn Dr Palm Springs, CA 92262-2805
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2885311
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1946
Construction
WOOD
Total area
3,252 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C1
APN
504-242-006
UPID
US10-2885311
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
$590k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$645k
Owner & transaction history
2231 35 N Palm Canyon Dr LLC · 3 yrs held
2231 35 N Palm Canyon Dr LLC
since 2022
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
C1 · 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
Method
Estimation
Statistic approach
$575,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$465,000
7%
$430,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $825k (Aug 25 2022)
Last sale anchor
$825k
Aug 25 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
$198 / 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
$12,419
Tax year 2024
Assessed value
$841,500
Assessed 2024
Previous assessed
$841,500
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$153,000
Assessed improvement
$688,500
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1946
Construction
WOOD
Heating
NONE
Stories
2
Total area
3,252 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C1
APN
504-242-006
UPID
US10-2885311
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Palm Springs, CA
Zoning C1 · permitted uses
C1 · 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
1946
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
2231 35 N Palm Canyon Dr LLC
Entity
Mailing address
48240 ALDER LN, PALM DESERT, CA 92260-6652
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$825,000
2231 35 N Palm Canyon Dr LLC
Douglas A Chadwick JR
Grant Deed
$495,000 · Wells Fargo Bank NA
Oct 25, 2016
$485,000
Chadwick Trust
Von Hessenstein A Living
Grant Deed
—
May 19, 2016
—
Christina Hamidat
—
Deed
related
$410,000 · Christensen Living Trust (lt)
May 24, 2013
—
Von Hessenstein,c Living Trust
Von Hessenstein Living Trust
Quit Claim Deed
related
—
Jul 1, 2010
$535,000
Christina Hamidat
Tramview Annex Land Trust
Grant Deed
$35,000 · Tramview Annex Land Trust (ct)
May 25, 1999
$2,000
Annex Trust
Rosepearl Investment Corp
Grant Deed
related
—
Dec 12, 1997
$69,500
Rosepearl Investment Corp
Sierra Mesa INC
Grant Deed
related
$29,000 · Individual
Jul 17, 1997
$29,000
Sierra Mesa INC
Nanadiego,antonio V & Maria C
Grant Deed
related
$19,330 · Individual
—
—
Christina Hamidat
—
Deed Of Trust
related
$60,000 · Trilux Corp
—
—
Christina Hamidat
—
Deed Of Trust
related
$280,000 · Adam Arias
—
—
Tramview Annex Land Trust
—
Deed Of Trust
related
$200,000 · Rothstein S R Living Trust
—
—
Tramview Annex Land Trust
—
Deed Of Trust
related
$50,000 · Garcia Family Trust
—
—
Tramview Annex Land Trust
—
Deed Of Trust
related
$125,000 · Andrew & Taina Hollinger
—
—
Christina Hamidat
—
Deed Of Trust
related
$410,000 · Christensen Living Trust (lt)
—
—
Hamidat,christina
—
Deed Of Trust
related
$5,000 · John M Antoci
—
—
Christina Hamidat
—
Deed Of Trust
related
$160,000 · Adam Arias
—
—
Hamidat,christina
—
Deed Of Trust
related
$5,000 · Scharfe Richard J Trust (pt)
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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