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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Apartment buildings
225 Avenida Palmera Palm Springs, CA 92264-8476
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1853120
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
4,497 SF
Lot
0.93 ac (40,510 SF)
Zoning code
R3
APN
508-345-005
UPID
US09-1853120
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
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$4.00M
Owner & transaction history
225 Avenida Palmera LLC · 2 yrs held
225 Avenida Palmera LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
R3 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+180.8%
Neighborhood: shopping center
$3.9M
+136.1%
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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,605,000
Change: +181% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,870,000
Change: +136% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Jan 22 2024)
Last sale anchor
$4.00M
Jan 22 2024
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
$889 / 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
$33,390
Tax year 2024
Assessed value
$2,356,562
Assessed 2024
Previous assessed
$2,356,562
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$471,311
Assessed improvement
$1,885,251
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
4,497 SF
Lot
0.93 ac (40,510 SF)
Zoning code
R3
APN
508-345-005
UPID
US09-1853120
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Palm Springs, CA
Zoning R3 · permitted uses
R3 · 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
COMMERCIAL (GENERAL)
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
0.93 ac
Current owner
From public records · entity-resolved
225 Avenida Palmera LLC
Entity
Mailing address
7162 BEVERLY BLVD #286, LOS ANGELES, CA 90036-2547
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
225 Avenida Palmera LLC
—
Deed
related
$4,900,000 · Bp Lending LLC
May 30, 2025
—
225 Avenida Palmera LLC
—
Deed
related
$385,000 · Calcap INC
Jan 22, 2024
$4,000,000
225 Avenida Palmera LLC
Dennis N Walsh
Grant Deed
$3,000,000 · Dennis N Walsh Trust
Sep 15, 2014
$2,000,000
Walsh,dennis N Trust
Remus Trust
Grant Deed
—
Nov 12, 2009
$2,000,000
Remus Trust
Denton Family Trust
Grant Deed
—
Jan 15, 2004
—
Denton,tr
Denton,dwaine L Tr
Quit Claim Deed
related
—
Aug 21, 1996
$755,000
Denton Trust
Markley Trust
Grant Deed
$528,500 · Palm Springs Savings Bank
—
—
Dwaine L Denton
—
Deed Of Trust
related
$750,000 · Quaker City Bank
—
—
Denton Trust
—
Deed Of Trust
related
$570,000 · Hemet Federal Savings & Loan
—
—
Denton Family Trust
—
Deed Of Trust
related
$800,000 · Banco Popular NA
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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