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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Strip malls
2500 Palm Cyn Dr Palm Springs, CA 92262-1868
Trust Owned
8-yr Hold
Free & Clear
Property ID
US09-3688456
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
TILT-UP CONCRETE
Total area
18,279 SF
Lot
0.65 ac (28,314 SF)
Zoning code
PD136
APN
504-140-040
UPID
US09-3688456
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
-
McLean Company Property Management Company Real Estate Agency
-
Boomerang for Modern Furniture & Home Goods Home Decor Store
-
Racquetclub Center Shopping Center & Mall
-
Escape Room Palm Springs Arcade & Gaming Center
-
Darren L Stewart Chiro Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Mclean Family Trust · 8 yrs held
Mclean Family Trust
since 2018
7 recorded transactions
Zoning & alternative use
PD136 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,840,000
6.5%
$3,545,000
7%
$3,295,000
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10%
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
$160 / 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
$28,088
Tax year 2024
Assessed value
$1,777,840
Assessed 2024
Previous assessed
$1,777,840
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$483,574
Assessed improvement
$1,294,266
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
18,279 SF
Lot
0.65 ac (28,314 SF)
Zoning code
PD136
APN
504-140-040
UPID
US09-3688456
Jurisdiction
RIVERSIDE
Zoning & alternative use
PD136 · Palm Springs, CA
Zoning PD136 · permitted uses
PD136 · 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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
0.65 ac
Current owner
From public records · entity-resolved
Mclean Family Trust
Trust
Free & Clear · 8 yrs held
Mailing address
2500 N PALM CYN DR, PALM SPRINGS, CA 92262-1868
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2018
—
Mclean Family Trust
Racquetclub Center LP
Grant Deed
—
Dec 28, 2016
—
Racquetclub Center LP
Mclean Family Trust
Grant Deed
—
Aug 4, 2016
—
Peyton Berookim
Berookim,jasmine A
Quit Claim Deed
related
—
Aug 4, 2016
$5,300,000
Michael Mclean
Newcastle Investment II LLC
Grant Deed
$2,680,000 · Cit Bank NA
Jun 16, 2016
—
Newcastle Investment II LLC
Gibraltar Cap Fnd II LLC
Quit Claim Deed
—
Jun 16, 2016
$375,000
Riverside Holding 2016 LLC
Beverly Hills Investors INC
Grant Deed
—
Apr 30, 2014
$2,150,000
Gibraltar Cap Fnd II LLC
Rref Ct-ca Plaza III LLC
Grant Deed
$1,000,000 · Farmers & Merchants Bk/lng Bch
Dec 26, 2012
—
Rref Ct-ca Plaza III LLC
Rref Ct Acquisitions LLC
Quit Claim Deed
related
—
Sep 27, 2011
$500,000
Rref Ct Acquisitions LLC
Franchise Portfolio 1 INC
Grant Deed
—
Apr 15, 2010
$3,600,000
Franchise Portfolio 1 INC
Fidelity Natl Title Co
Trustees Deed
related
—
Feb 28, 2007
$6,850,000
111 Plaza Partners LLC
La Linda Estates INC
Grant Deed
$7,000,000 · Cit Lending Services Corp
Jun 18, 2003
$1,285,000
La Linda Estates INC
Merant Services LLC
Grant Deed
related
$285,000 · Merant Services LLC
Dec 29, 2000
$15,000
Hollyhills Development INC
Nationwide Life Insurance Co
Grant Deed
$700,000 · D & A Mortgage Fund II LP
—
—
Hollyhills Development INC
—
Deed Of Trust
related
$1,050,000 · Financial Freedom Loans INC
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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