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Property profile & analytics
OFF-MARKET
Estimated value
$8,345,000
Warehouses
39505 Berkey Dr Palm Desert, CA 92211-1139
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2083436
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
TILT-UP CONCRETE
Total area
44,605 SF
Lot
2.57 ac (111,949 SF)
Zoning code
W2
APN
626-330-042
UPID
US09-2083436
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
-
STV Enterprises Inc Electronics & Wireless Store Big Box & Wholesale Store
-
STV Audio Video Electronics & Wireless Store Big Box & Wholesale Store
-
Security Public Storage Storage Facility
-
Cruzzin Mobility Scooters Production Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.85M
Comparable Approach
Comparable
$8.62M
Blend (final)
Blend
$8.35M
Owner & transaction history
Security Public Storage-bermud · 10 yrs held
Security Public Storage-bermud
since 2015
4 recorded transactions
Zoning & alternative use
W2 · Palm Desert, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,415,000
6.5%
$6,845,000
7%
$6,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,180,000
Current use
Blend value · Realmo final
$8.35M
Range $7.51M – $9.18M · ±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
$187 / 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
$35,124
Tax year 2024
Assessed value
$2,857,861
Assessed 2024
Previous assessed
$2,857,861
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$250,858
Assessed improvement
$2,607,003
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
5
Total area
44,605 SF
Lot
2.57 ac (111,949 SF)
Zoning code
W2
APN
626-330-042
UPID
US09-2083436
Jurisdiction
RIVERSIDE
Zoning & alternative use
W2 · Palm Desert, CAZoning W2 · permitted uses
W2 · Palm Desert, CA
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
WAREHOUSE, STORAGE Current
Est. value
$13.2M
WAREHOUSE, STORAGE Current
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
5
Lot
2.57 ac
Current owner
From public records · entity-resolved
Security Public Storage-bermud
Individual
Free & Clear · 10 yrs held
Mailing address
128 KING ST #400, SAN FRANCISCO, CA 94107-1905
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2015
—
Security Public Storage-bermud
Security Public Storage-bermud
Quit Claim Deed
related
—
Jan 7, 2004
—
Security Public Storage-bermud
—
Deed Of Trust
related
$3,082,000 · Wells Fargo Bank
Jan 8, 2001
—
Security Public Storage-bermud
—
Deed Of Trust
related
$1,300,000 · Markev Realty Corp
Mar 3, 1994
$2,600,000
Security Public Storage Bermud
Strong,robert &
Grant Deed
related
$1,800,000 · Baco Realty Corp
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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