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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Strip malls
2500 Palm Cyn Dr Palm Springs, CA 92262-1868
Trust Owned
8-yr Hold
Free & Clear
Property ID
US09-3752244
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
WOOD
Total area
10,790 SF
Lot
0.67 ac (29,185 SF)
Zoning code
PD136
APN
504-140-046
UPID
US09-3752244
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
$2.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
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%
$2,270,000
6.5%
$2,095,000
7%
$1,945,000
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$163 / 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
$13,260
Tax year 2024
Assessed value
$1,079,793
Assessed 2024
Previous assessed
$1,079,793
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$498,366
Assessed improvement
$581,427
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
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
3
Total area
10,790 SF
Lot
0.67 ac (29,185 SF)
Zoning code
PD136
APN
504-140-046
UPID
US09-3752244
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
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
3
Lot
0.67 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
15 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 20, 2002
—
Merant Services LLC
Hollyhills Development INC
Grant Deed
$1,575,000 · Hollyhills Development INC
Apr 8, 2002
—
Hollyhills Development INC
—
Deed Of Trust
related
$1,050,000 · Financial Freedom Loans INC
Dec 29, 2000
$15,000
Hollyhills Development INC
Nationwide Life Insurance Co
Grant Deed
$700,000 · D & A Mortgage Fund II LP
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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