Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Investment properties
373 Palm Cyn Dr Palm Springs, CA 92262-7352
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0866316
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Construction
WOOD
Total area
3,431 SF
Lot
0.43 ac (18,730 SF)
Zoning code
WCBD
APN
513-203-012
UPID
US09-0866316
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
-
SnipSnipBuzz.Com Barber Shop
-
V.I.P smoke shop #2 (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$490k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Martini Madness LLC · 8 yrs held
Martini Madness LLC
since 2018
7 recorded transactions
Zoning & alternative use
WCBD · 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%
$530,000
6.5%
$490,000
7%
$455,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$195 / 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
$41,769
Tax year 2024
Assessed value
$2,758,674
Assessed 2024
Previous assessed
$2,758,674
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$278,877
Assessed improvement
$2,479,797
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
4
Total area
3,431 SF
Lot
0.43 ac (18,730 SF)
Zoning code
WCBD
APN
513-203-012
UPID
US09-0866316
Jurisdiction
RIVERSIDE
Zoning & alternative use
WCBD · Palm Springs, CA
Zoning WCBD · permitted uses
WCBD · 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
1950
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
4
Lot
0.43 ac
Current owner
From public records · entity-resolved
Martini Madness LLC
Entity
Mailing address
339 S BELARDO RD, PALM SPRINGS, CA 92262-7307
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2018
—
Martini Madness LLC
—
Deed
related
$2,200,000 · Banc Of California NA
Mar 27, 2018
$2,473,000
Martini Madness LLC
Santo Gonzalvo Co LP
Grant Deed
related
$2,000,000 · Santo Gonzalvo Co LP
Mar 31, 2006
—
Del Norte Investment Co LLC
Marek Family
Quit Claim Deed
related
—
Jan 11, 2005
—
Santo Gonzalvo Co
Kilroy,michael J
Grant Deed
—
Dec 11, 2000
$1,175,000
Muirteco INC
373 South Palm Canyon Dr
Grant Deed
$783,700 · Abn Amro Mortgage Group INC
Nov 20, 1998
$665,000
373 South Palm Canyon Drive Ll
Washington Mutual Fsb
Grant Deed
$532,000 · Indymac Mortgage Holdings INC
May 6, 1998
$554,880
American Savings Bank
Bescos,paul
Trustees Deed
related
—
Jan 21, 1994
—
Paul E Bescos
Bescos,phillip E
Quit Claim Deed
related
—
May 4, 1993
$254,369
Phillilp E Bescos
Patricia Apt Par
Trustees Deed
related
—
—
—
Patricia Apartme
—
Deed Of Trust
related
$131,797 · Individual
—
—
Paul Bescos
—
Deed Of Trust
related
$750,000 · American Savings Bank
—
—
Muirterco INC
—
Deed Of Trust
related
$117,250 · 373 S Palm Canyon Dr LLC
—
—
Paul E Bescos
—
Deed Of Trust
related
$636,000 · Long Beach Savings & Loan
—
—
San Gatiano Co
—
Deed Of Trust
related
$500,000 · Newport Home Loan
—
—
Santo Gonzalvo Co
—
Deed Of Trust
related
$1,260,000 · Citibank West Fsb
—
—
Santo Gonzalvo Co LP
—
Deed Of Trust
related
$100,000 · Richard S L Abbott
—
—
Santo Gonzalvo Co LP
—
Deed Of Trust
related
$207,500 · Richard Abbott
—
—
Patricia Apartme
—
Deed Of Trust
related
$10,950 · Individual
—
—
Santo Gonzalvo Co LP
—
Deed Of Trust
related
$300,000 · Richard S L Abbott
—
—
Paul E Bescos
—
Deed Of Trust
related
$650,000 · 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.
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?”
You own 373 Palm Cyn Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
