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Property profile & analytics
FOR LEASE
Turn key restaurants
2665 E Palm Canyon Dr Palm Springs, CA 92262
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2945116
For Lease
1 / 5
$2,500,000 SF/Yr
2665 E Palm Canyon Dr, Palm Springs, CA 92262
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Construction
WOOD
Total area
7,027 SF
Lot
0.99 ac (43,124 SF)
Zoning code
PD
APN
510-030-025
UPID
US10-2945116
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
-
Manhattan in the Desert Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Perfecto Rivera · 3 yrs held
Perfecto Rivera
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
PD · 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
$1,385,000
ML approach
$1,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±10% · vs last sale $2.00M (Jan 3 2023)
Last sale anchor
$2.00M
Jan 3 2023
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
$248 / 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
$27,255
Tax year 2024
Assessed value
$2,040,000
Assessed 2024
Previous assessed
$2,040,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$887,400
Assessed improvement
$1,152,600
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,027 SF
Lot
0.99 ac (43,124 SF)
Zoning code
PD
APN
510-030-025
UPID
US10-2945116
Jurisdiction
RIVERSIDE
Zoning & alternative use
PD · Palm Springs, CA
Zoning PD · permitted uses
PD · 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
1987
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Perfecto Rivera
Individual
Mailing address
10920 BEECHWOOD DR, RANCHO CUCAMONGA, CA 91737-2432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
$2,000,000
Perfecto Rivera
Tmz Properties INC
Grant Deed
$1,200,000 · Community Commerce Bank
Jun 21, 2011
—
Tmz Properties INC
Bazz LLC
Grant Deed
—
Mar 19, 2009
$1,000,000
Bazz LLC
Tmz Properties INC
Grant Deed
—
Aug 31, 2007
—
Tmz Properties INC
Zennedjian,tina M
Grant Deed
—
Dec 17, 2004
—
Tina M Zennedjian
Zennedjian,armen
Quit Claim Deed
related
—
Nov 26, 2003
$925,000
Da Boyz Enterprises INC
Lepeep Properties Palm Springs
Grant Deed
$525,000 · Home Bank Of California
Jan 5, 1999
—
Lepeep Prop Ps
Lepeep Prop Ps,
Quit Claim Deed
related
—
May 23, 1995
$49,500
Lepeep Rill Of Palm Springs
Conrad & Suzanne Haider INC
Grant Deed
related
$40,000 · Seller
Jun 17, 1993
$787,500
Conrad & Suzanne Haider INC
Cohn-maxwell Hol
Grant Deed
$662,500 · Cohn-maxwell Holdi
—
—
Lepeep Prop Of Palm Springs
—
Deed Of Trust
related
$675,000 · Southern Pacific Bank
—
—
Bazz LLC
—
Deed Of Trust
related
$75,000 · Canyon National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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