Technical
Financial
Distress signals
Property profile

238 Palm Cyn Dr Palm Springs, CA 92262

OFF-MARKET
Turn key restaurants
Property ID
US09-2935674
3,163 SF 0.17 ac lot Built 1964
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction WOOD
Total area 3,163 SF
Lot 0.17 ac (7,405 SF)
Zoning code C1
APN 513-091-011
UPID US09-2935674

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

238 Palm Cyn Dr Palm Springs, CA 92262-5510
Palm Springs metro Census 44606 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.50M

Owner & transaction history

since 2024
Last sale
$2.5M
7 recorded transactions
2024
Price N/A
2024
Price N/A
2022
Price N/A
2018
Price N/A
2018
$2.5M
2010
Price N/A
2004
Price N/A

Zoning & alternative use

C1 · Palm Springs, CA
Top alternative use upside
Commercial (general) $3.2M +64.9%
Neighborhood: shopping center $2.7M +38.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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