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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Retail residential properties
370 Palm Cyn Dr Palm Springs, CA 92262-5642
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0580975
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1944
Construction
WOOD
Total area
11,800 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1
APN
513-081-021
UPID
US09-0580975
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
-
Alana • Bar + Tapas Bar & Pub
-
Palm Springs Modernists Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.59M
Owner & transaction history
Mk Palm Springs Investments LLC · 2 yrs held
Mk Palm Springs Investments LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
C1 · 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
$1,300,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
$1,820,000
6.5%
$1,680,000
7%
$1,560,000
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.88M (Dec 22 2023)
Last sale anchor
$1.88M
Dec 22 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
$135 / 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
$23,085
Tax year 2024
Assessed value
$1,875,000
Assessed 2024
Previous assessed
$1,875,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$375,000
Assessed improvement
$1,500,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1944
Construction
WOOD
Heating
NONE
Stories
2
Units
14
Total area
11,800 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1
APN
513-081-021
UPID
US09-0580975
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Palm Springs, CA
Zoning C1 · permitted uses
C1 · 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
1944
Construction
WOOD
Heating
NONE
Stories
2
Units
14
Lot
0.27 ac
Current owner
From public records · entity-resolved
Mk Palm Springs Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
275 CAMINO NORTE, PALM SPRINGS, CA 92262-4209
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
—
Mk Palm Springs Investments LLC
James E Murphy
Quit Claim Deed
related
—
Nov 7, 2023
$1,875,000
James E Murphy
370 North Palm Canyon Drive LLC
Grant Deed
—
Nov 16, 2021
$1,775,000
370 North Palm Canyon Drive LLC
Kim Sommers
Grant Deed
—
Mar 20, 2017
—
Goldberg,kenneth Trust
Goldberg,kenneth
Quit Claim Deed
related
—
Mar 14, 2014
—
Wolf Investment Properties LLC
G & W Partners
Quit Claim Deed
related
—
Jun 20, 2001
—
G Ptnrs
W F Tr Etal
Grant Deed
related
—
Jan 19, 1995
—
W,f Tr
Berke,william
Quit Claim Deed
related
—
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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