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Property profile & analytics
OFF-MARKET
Estimated value
$11,425,000
Hotels
285 Palm Cyn Dr, Palm Springs, CA 92262-5525
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2499579
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Total area
233,083 SF
Lot
2.2 ac (95,832 SF)
Zoning code
RR
APN
513-560-005
UPID
US09-2499579
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
-
Dr. Ramon Sumabat, DDS Dental Office
-
Vineyard Family Dental Office Dental Office
-
Dr. Larry E. Martin, DDS Dental Office
-
Ecore Fitness Gym & Fitness Center
-
Panache Optical Gallery Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.40M
Blend (final)
Blend
$11.43M
Owner & transaction history
Rbd Hotel Palm Springs LLC · 18 yrs held
Rbd Hotel Palm Springs LLC
since 2008
7 recorded transactions
Zoning & alternative use
RR · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.43M
Range $10.28M – $12.57M · ±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
$49 / 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
$304,271
Tax year 2024
Assessed value
$23,072,357
Assessed 2024
Previous assessed
$23,072,357
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,863,288
Assessed improvement
$19,209,069
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1986
Heating
NONE
Stories
6
Units
194
Total area
233,083 SF
Lot
2.2 ac (95,832 SF)
Zoning code
RR
APN
513-560-005
UPID
US09-2499579
Jurisdiction
RIVERSIDE
Zoning & alternative use
RR · Palm Springs, CA
Zoning RR · permitted uses
RR · 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
1986
Heating
NONE
Stories
6
Units
194
Lot
2.2 ac
Current owner
From public records · entity-resolved
Rbd Hotel Palm Springs LLC
Entity
Mailing address
3340 PLAYERS CLB PKWY STE #200, MEMPHIS, TN 38125-8942
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
—
Rbd Hotel Palm Springs LLC
—
Deed
related
$17,200,000 · Standard Insurance Co
Jul 3, 2012
—
Rbd Hotel Palm Springs LLC
—
Deed Of Trust
related
$34,000,000 · Huntington National Bank
May 6, 2008
—
Rbd Hotel Palm Springs LLC
Psh Holdings INC
Grant Deed
$28,650,000 · Rockbridge Capital LLC
Mar 24, 1998
$6,500,000
P S H Holdings INC
Ggs Hotel Holdings Ca INC
Grant Deed
related
$6,000,000 · Imperial Thrift & Loan
Nov 1, 1989
—
Ggs Hotel Holdin
North Plaza Asso
Trustees Deed
related
—
—
—
Ggs Hotel Holdin
—
Deed Of Trust
related
$200,000 · Chiyoda Mutual L
—
—
Psh Holdings INC
—
Deed Of Trust
related
$1,300,000 · Investors Commercial Capital
—
—
Rbd Hotel Palm Springs LLC
—
Deed Of Trust
related
$24,400,000 · Huntington 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.
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