Back to Search
Property profile & analytics
OFF-MARKET
Retail space
383 Indian Cyn Dr Palm Springs, CA 92262-6015
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0064992
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.43 ac (18,730 SF)
Zoning code
C2
APN
513-081-008
UPID
US09-0064992
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
-
Mojave Flea Trading Post Department Store
-
hermano flower shop (Bike/Boat/Book/etc) Store Florist
-
PSBS (Palm Springs Bottle Shop) at Mojave Flea Specialty Food Shop Wine and Liquor Store
-
Geode and Gypsum Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vicki French Lippman · 2 yrs held
Vicki French Lippman
since 2024
7 recorded transactions
Zoning & alternative use
C2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$28,126
Tax year 2024
Assessed value
$2,213,957
Assessed 2024
Previous assessed
$2,213,957
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$554,965
Assessed improvement
$1,658,992
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
0.43 ac (18,730 SF)
Zoning code
C2
APN
513-081-008
UPID
US09-0064992
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Palm Springs, CA
Zoning C2 · permitted uses
C2 · 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
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
Vicki French Lippman
Individual
Free & Clear · 2 yrs held
Mailing address
5925 N MINA VIS, TUCSON, AZ 85718-4127
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
—
Vicki French Lippman
383 Indian Canyon LLC
Grant Deed
—
Sep 6, 2007
—
Indian Canyon LLC
Lippman,steven A & Vicki F
Quit Claim Deed
related
—
Jul 27, 2006
$1,850,000
Steven A Lippman
White Brothers Investments Co
Grant Deed
$1,050,000 · White Brothers Investments Co
Feb 25, 2005
—
White Brothers Investments Co
White Brothers Investment
Quit Claim Deed
related
$750,000 · Montecito Bank & Trust
Jan 19, 2005
$1,250,000
White Brothers Investment Co
Fikes J C & V L 1980 Trust
Grant Deed
—
Oct 9, 2001
$1,050,500
Fikes Trust
Butin,robert & Regina
Grant Deed
—
Oct 28, 1996
—
Robert Etal Butin
Butin,robert L
Quit Claim Deed
related
—
Sep 12, 1996
—
Robert L Etux Butin
Butin,robert L
Quit Claim Deed
related
—
Mar 19, 1993
$950,000
Robert L Butin
Chan,daniel
Grant Deed
$705,375 · First Interstate Bank Californ
—
—
Robert L Butin
—
Deed Of Trust
related
$500,000 · Palm Springs Savings 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.
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 383 Indian 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.
