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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Apartment buildings
272 Via Olivera Palm Springs, CA 92262-2890
Entity Owned
7-yr Hold
Free & Clear
Property ID
US09-1010929
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1936
Construction
WOOD
Total area
2,678 SF
Lot
0.27 ac (11,761 SF)
Zoning code
RGA6
APN
504-250-011
UPID
US09-1010929
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
$665k
Comparable Approach
Comparable
$390k
Blend (final)
Blend
$580k
Owner & transaction history
Taco Mark Restaurants INC · 7 yrs held
Taco Mark Restaurants INC
since 2019
7 recorded transactions
Zoning & alternative use
RGA6 · 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%
$720,000
6.5%
$665,000
7%
$620,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$925,000
Change: -18% · Conversion: Difficult
RETAIL STORES
$910,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$217 / 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
$10,360
Tax year 2024
Assessed value
$729,458
Assessed 2024
Previous assessed
$729,458
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$149,827
Assessed improvement
$579,631
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
1936
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
6
Bathrooms
4
Total area
2,678 SF
Lot
0.27 ac (11,761 SF)
Zoning code
RGA6
APN
504-250-011
UPID
US09-1010929
Jurisdiction
RIVERSIDE
Zoning & alternative use
RGA6 · Palm Springs, CA
Zoning RGA6 · permitted uses
RGA6 · 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
WAREHOUSE, STORAGE
Est. value
$925,000
RETAIL STORES
Est. value
$910,000
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
1936
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Taco Mark Restaurants INC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 5037, LA QUINTA, CA 92248-5037
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2019
$830,000
Taco Mark Restaurants INC
Davis,stephen
Grant Deed
—
Jun 1, 2015
$507,500
Stephen Davis
Swan W & M 1995 Trust
Grant Deed
—
Jun 1, 2015
—
Emily J Kearney
Begg Jock A
Quit Claim Deed
related
—
Mar 22, 2011
$60,000
Kloke Family Trust
Mcdonald,marian L
Grant Deed
—
Mar 16, 2011
$10,500
Ck Financial Emp Benefit Trust
Kearney,emily J
Grant Deed
—
May 21, 2009
$400,000
Emily J Kearney
Newport Home Loans INC
Trustees Deed
related
—
Dec 29, 2006
—
Olivera Vista LP
Olivera Vista LP
Grant Deed
related
$320,000 · Newport Home Loan INC
Nov 23, 2005
—
Vista Olivera
Cameron,ladd E & Patricia R
Grant Deed
—
May 30, 2003
$53,500
Ladd E Cameron
Yagaloff,douglas
Grant Deed
related
$264,113 · Norman J & Nancy Lifpitz
Nov 1, 2001
$325,000
Douglas Yagaloff
Lifpitz,norman J & Nancy
Grant Deed
$270,000 · Norman J & Nancy Lifpitz
Oct 12, 2000
$160,000
Norman J Lifpitz
Ames,des K
Grant Deed
$100,000 · Witt Trust
Nov 12, 1999
$102,500
Des K Ames
Schapelle,nathalie
Grant Deed
$81,200 · Western Sunrise Mortgage Corp
Jun 5, 1997
—
Richard A Diaz
Diaz,richard A Etal
Quit Claim Deed
related
—
—
—
Douglas Yagaloff
—
Deed Of Trust
related
$6,000 · Canyon Oaks INC
—
—
Vista Olivera
—
Deed Of Trust
related
$55,000 · Newport Home Loan
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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