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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Apartment buildings
2601 Linden Way Palm Springs, CA 92264-5625
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-1671312
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
11,256 SF
Lot
2.85 ac (124,146 SF)
Zoning code
R3
APN
681-170-001
UPID
US09-1671312
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
by Request
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$4.37M
Blend (final)
Blend
$3.55M
Owner & transaction history
Seminole Gardens LP · 7 yrs held
Seminole Gardens LP
since 2019
5 recorded transactions
Zoning & alternative use
R3 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+18.4%
Warehouse, storage
$4.6M
+11.2%
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%
$3,035,000
6.5%
$2,805,000
7%
$2,605,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,105,000
Current use
AUTO REPAIR, GARAGE
$4,860,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,565,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$4,080,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±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
$315 / 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
$15,912
Tax year 2024
Assessed value
$7,718,712
Assessed 2024
Previous assessed
$7,718,712
+0.0% YoY
Effective rate
0.21%
On assessed value
Assessed land
$1,531,102
Assessed improvement
$6,187,610
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
1968
Construction
WOOD
Heating
NONE
Stories
2
Units
5
Total area
11,256 SF
Lot
2.85 ac (124,146 SF)
Zoning code
R3
APN
681-170-001
UPID
US09-1671312
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.6M
RETAIL STORES
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1968
Construction
WOOD
Heating
NONE
Stories
2
Units
5
Lot
2.85 ac
Current owner
From public records · entity-resolved
Seminole Gardens LP
Entity
Mailing address
3101 BEE CAVES RD STE #220, AUSTIN, TX 78746-5574
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
Seminole Gardens LP
—
Deed
related
$11,138,000 · Berkadia Commercial Mortgage LLC
Apr 3, 2019
$7,000,000
Seminole Gardens LP
Seminole Preservation Limited Partn
Grant Deed
related
$6,391,000 · Suntrust Bank
Sep 26, 2002
$2,645,000
Preservation LP Seminole
Seminole Associates
Grant Deed
related
$3,385,000 · Us Bank NA Trustee
—
—
Assoc Seminole
—
Deed Of Trust
related
$1,743 · Tri Capital Corp
—
—
Preservation LP Seminole
—
Deed Of Trust
related
$2,825,000 · Greystone Servicing Corp
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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