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Property profile & analytics
FOR SALE
Retail properties & Spaces
34660 Monterey Ave Palm Desert, CA 92211
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2751094
For Sale
1 / 3
$5,250,000
34660 Monterey Ave, Palm Desert, CA 92211
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2008
Construction
TILT-UP CONCRETE
Total area
20,251 SF
Lot
2.42 ac (105,415 SF)
Zoning code
PC3
APN
694-090-031
UPID
US09-2751094
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
$6.00M
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
$7.24M
Blend (final)
Blend
$6.00M
Owner & transaction history
Thomas W Scott · 2 yrs held
Thomas W Scott
since 2024
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
PC3 · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.7M
+17.6%
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 Desert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Desert 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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
$4,840,000
6.5%
$4,465,000
7%
$4,145,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,435,000
Current use
AUTO REPAIR, GARAGE
$8,745,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$6,735,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$5,985,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Feb 14 2024)
Last sale anchor
$6.00M
Feb 14 2024
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
$296 / 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
$67,489
Tax year 2024
Assessed value
$5,221,372
Assessed 2024
Previous assessed
$5,221,372
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,045,500
Assessed improvement
$4,175,872
Applied tax rate
18.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
20,251 SF
Lot
2.42 ac (105,415 SF)
Zoning code
PC3
APN
694-090-031
UPID
US09-2751094
Jurisdiction
RIVERSIDE
Zoning & alternative use
PC3 · Palm Desert, CA
Zoning PC3 · permitted uses
PC3 · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Desert. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$8.7M
OFFICE BUILDING
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$6.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
Thomas W Scott
Individual
Mailing address
19342 TRINO CIR, YORBA LINDA, CA 92886-5537
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Feb 14, 2024
$6,000,000
Thomas W Scott
Tng 99ap LP
Grant Deed
$2,960,000 · Zb NA
Feb 14, 2024
—
Thomas W Scott
Tng 99ap LP
Assignment Of Lease (leasehold Sale)
—
Nov 17, 2023
—
Tng 99ap LP
—
Deed
related
$3,000,000 · Sunrise Capital Resources LLC
Mar 30, 2023
$5,119,000
Tng 99ap LP
99 Cents Only Stores LLC
Grant Deed
—
Mar 30, 2023
—
99 Cents Only Stores LLC
Tng 99ap LP
Lease
—
Mar 23, 2021
—
99 Cents Only Stores LLC
—
Deed
related
—
Feb 20, 2018
—
99 Cents Only Stores LLC
—
Grant Deed
related
$140,110,000 · Wilmington Tr
Jul 14, 2011
$1,683,000
Only Stores 99
Rj Ventures LLC
Grant Deed
—
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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