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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Banks
39355 Washington St Palm Desert, CA 92211-4159
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5130876
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2015
Construction
WOOD
Total area
3,515 SF
Lot
0.95 ac (41,382 SF)
APN
748-370-066
UPID
US09-5130876
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
-
Bank of America ATM (Drive-thru) Atm
-
Bank of America (with Drive-thru ATM) Bank Loan Service
-
Bank of America Home Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.93M
Owner & transaction history
Joshua And Gordon LLC · 2 yrs held
Joshua And Gordon LLC
since 2023
Last sale
$2.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+94.1%
Neighborhood: shopping center
$3.0M
+63.2%
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
$2,985,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,855,000
Current use
COMMERCIAL (GENERAL)
$3,600,000
Change: +94% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,025,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±10% · vs last sale $2.88M (Sep 8 2023)
Last sale anchor
$2.88M
Sep 8 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
$832 / 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
$35,246
Tax year 2024
Assessed value
$2,875,000
Assessed 2024
Previous assessed
$2,875,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$863,000
Assessed improvement
$2,012,000
Applied tax rate
75.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,515 SF
Lot
0.95 ac (41,382 SF)
APN
748-370-066
UPID
US09-5130876
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
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
FINANCIAL BUILDING Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2015
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Joshua And Gordon LLC
Entity
Free & Clear · 2 yrs held
Mailing address
81679 CORTE VALDEMORO, INDIO, CA 92203-4353
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
—
Joshua And Gordon LLC
Sariel Investments LLC
Correction Deed
related
—
Sep 8, 2023
$2,875,000
Joshua And Gordon LLC
Sariel Investments LLC
Grant Deed
—
Nov 10, 2015
$2,425,000
Sariel Investments LLC
Passco Washington Square 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.
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