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Property profile & analytics
OFF-MARKET
Office Spaces
225 Civic Dr Ste 1-1 Palm Springs, CA 92262-7227
Trust Owned
11-yr Hold
Free & Clear
Property ID
US09-3785397
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1973
Construction
WOOD
Total area
1,475 SF
Lot
0.03 ac (1,425 SF)
Zoning code
P
APN
502-411-001
UPID
US09-3785397
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
-
Palm Springs Rental Agency Property Management Company Condominium Rental Agency
-
Curry Sandra PhD Physician Medical Clinic
-
Dr. Bassette A. Cayasso DDS Dental Office
-
Tony Cayasso DDS & Associates Dental Office
-
Charlotte Murphy MD Physician
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
Gleeson,thomas W 2014 Trust · 11 yrs held
Gleeson,thomas W 2014 Trust
since 2014
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
$3,470
Tax year 2024
Assessed value
$263,758
Assessed 2024
Previous assessed
$263,758
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$42,071
Assessed improvement
$221,687
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
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Stories
2
Total area
1,475 SF
Lot
0.03 ac (1,425 SF)
Zoning code
P
APN
502-411-001
UPID
US09-3785397
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
1973
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Gleeson,thomas W 2014 Trust
Trust
Free & Clear · 11 yrs held
Mailing address
225 S CIVIC DR STE 1-1, PALM SPRINGS, CA 92262-7227
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Sep 29, 2014
—
Gleeson,thomas W 2014 Trust
Gleeson,thomas W
Quit Claim Deed
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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