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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Hotels
288 Camino Monte Vis Palm Springs, CA 92262-4711
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-0653382
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1959
Construction
WOOD
Total area
1,765 SF
Lot
0.33 ac (14,374 SF)
Zoning code
R3
APN
507-030-007
UPID
US09-0653382
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
-
Descanso Resort - A Gay Men's Resort Hotel & Motel Resort
-
Descanso Resort Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
Bell Loffs LLC · 5 yrs held
Bell Loffs LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
R3 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+20.6%
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
$2,375,000
ML approach
$2,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,805,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±10% · vs last sale $2.85M (Jul 8 2021)
Last sale anchor
$2.85M
Jul 8 2021
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
$1,346 / 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
$38,060
Tax year 2024
Assessed value
$2,961,043
Assessed 2024
Previous assessed
$2,961,043
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$728,280
Assessed improvement
$2,232,763
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
1959
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
1,765 SF
Lot
0.33 ac (14,374 SF)
Zoning code
R3
APN
507-030-007
UPID
US09-0653382
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Palm Springs, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.8M
COMMERCIAL (GENERAL)
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
1959
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Bell Loffs LLC
Entity
Mailing address
288 E CAMINO MONTE VIS, PALM SPRINGS, CA 92262-4711
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 5, 2022
—
Bell Lofts LLC
—
Deed
related
$1,165,000 · Advantage Certified Development Corporat
Nov 3, 2022
—
Bell Lofts LLC
—
Deed
related
$1,137,900 · Mission Valley Bank
Jul 8, 2021
$2,850,000
Bell Loffs LLC
Uptown Hotel Land LLC
Grant Deed
—
Jan 26, 2018
$2,180,000
Uptown Hotel Land LLC
Cordial Palm Springs LLC
Grant Deed
$2,180,000 · Premier Business Bank
Dec 30, 2016
$1,990,000
Cordial Palm Springs LLC
West End Leisure Grp INC
Grant Deed
$489,520 · West End Leisure Grp INC
Aug 23, 2002
$1,950,000
West End Leisure Group INC
Sterns,tr
Grant Deed
$1,365,000 · Community National Bank
Dec 16, 1999
$1,350,000
Richard R Sterns
Private Mens Hotel Group
Grant Deed
$1,150,000 · Seller
Aug 29, 1994
$164,500
Private Mens Hotel Group
Monson,david J
Grant Deed
$56,419 · Seller
Aug 20, 1993
$435,000
Monson,david J
Sanford,thomas M
Trustees Deed
$279,000 · Individual
Jan 1, 1990
$70,000
Carol Arena
Porter Dean
Grant Deed
$52,800 · Great American Fed'l Savings
—
—
Carol Arena
—
Deed Of Trust
related
$52,800 · Great American Fed'l Savings
—
—
Stearns Trust
—
Deed Of Trust
related
$15,000 · Alan P Duddle
—
—
West End Leisure Group INC
—
Deed Of Trust
related
$1,290,000 · Pacific Premier Bank
—
—
Richard R Stearns
—
Deed Of Trust
related
$1,000,000 · Universal Bank
—
—
David J Monson
—
Deed Of Trust
related
$38,000 · Individual
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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