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Property profile & analytics
OFF-MARKET
Estimated value
$4,610,000
Retail space
395 Palm Cyn Dr Palm Springs, CA 92262-5684
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0232327
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
TILT-UP CONCRETE
Total area
7,511 SF
Lot
0.29 ac (12,632 SF)
APN
513-082-042
UPID
US09-0232327
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
-
ohana cannabis palm springs (Bike/Boat/Book/etc) Store
-
Lighthouse (Bike/Boat/Book/etc) Store
-
LibertyX Bitcoin ATM Atm
-
Lighthouse Dispensary Palm Springs (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.51M
Blend (final)
Blend
$4.61M
Owner & transaction history
395 North Palm Canyon Drive LLC · 3 yrs held
395 North Palm Canyon Drive LLC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.5M
+153.4%
Restaurant
$4.7M
+82.8%
Auto repair, garage
$3.2M
+27.1%
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
$4,755,000
ML approach
$4,695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,465,000
Change: +153% · Conversion: Moderate
RESTAURANT
$4,665,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,245,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,165,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$4.61M
Range $4.15M – $5.07M · ±10% · vs last sale $4.50M (Jul 17 2023)
Last sale anchor
$4.50M
Jul 17 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
$614 / 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
$49,279
Tax year 2024
Assessed value
$3,876,000
Assessed 2024
Previous assessed
$3,876,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$581,400
Assessed improvement
$3,294,600
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
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
7
Total area
7,511 SF
Lot
0.29 ac (12,632 SF)
APN
513-082-042
UPID
US09-0232327
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
7
Lot
0.29 ac
Current owner
From public records · entity-resolved
395 North Palm Canyon Drive LLC
Entity
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
—
395 North Palm Canyon Drive LLC
Franklin Taylor
Quit Claim Deed
related
—
Apr 28, 2023
$2,850,000
Mark Ruderman
395 Palm Canyon LLC
Trustees Deed
related
—
Jan 9, 2023
—
Richardson Griswold
—
Deed
related
$127,000 · Ennerdale Corporation (401k) Profit Shar
Jul 2, 2020
—
365 Palm Canyon LLC
—
Deed
related
$454,684 · Jade Enterprises LLC
Nov 20, 2019
—
395 Palm Canyon LLC
—
Deed
related
$2,714,419 · Jade Enterprises LLC
Feb 13, 2019
$4,500,000
395 Palm Canyon LLC
Canyon Palm Terrace LLC
Grant Deed
$2,500,000 · Jade Enterprises LLC
Jun 7, 2007
—
Canyon Palm Terrace LLC
Main Street Food Court LLC
Grant Deed
related
—
Sep 15, 2004
—
Main Street Food Court LLC
—
Trustees Deed
related
$2,175,000 · Pacific Western National Bank
Feb 8, 2000
$322,000
William B Brook
Pirozzi,vincent J & Karen M
Grant Deed
$161,875 · Seller
—
—
395 Palm Canyon LLC
—
Deed Of Trust
related
$2,714,419 · Jade Enterprises LLC
—
—
Main Street Food Court LLC
—
Deed Of Trust
related
$2,900,000 · Column Financial INC
—
—
365 Palm Canyon LLC
—
Loan Modification
related
$454,684 · Jade Enterprises LLC
—
—
395 Palm Canyon LLC
—
Deed Of Trust
related
$2,900,000 · Mark Ruderman
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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