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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Strip malls
40205 Washington St Palm Desert, CA 92211-7216
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-1990070
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
WOOD
Total area
7,480 SF
Lot
1.09 ac (47,480 SF)
Zoning code
PC2
APN
632-070-053
UPID
US10-1990070
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
-
Goody's Cafe Palm Desert Restaurant
-
Swiss Donuts Bakery Specialty Food Shop
-
Palm Desert Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
T.J.'s Steaks Pasta & Spirits Bar & Pub
-
Las Carretas Taco Shop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
Gshs Properties LLC
Gshs Properties LLC
since 2026
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
PC2 · 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
$2,240,000
ML approach
$2,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±10% · vs last sale $2.78M (Apr 27 2021)
Last sale anchor
$2.78M
Apr 27 2021
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
$349 / 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
$36,200
Tax year 2024
Assessed value
$2,946,442
Assessed 2024
Previous assessed
$2,946,442
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$604,888
Assessed improvement
$2,341,554
Applied tax rate
18.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,480 SF
Lot
1.09 ac (47,480 SF)
Zoning code
PC2
APN
632-070-053
UPID
US10-1990070
Jurisdiction
RIVERSIDE
Zoning & alternative use
PC2 · Palm Desert, CA
Zoning PC2 · permitted uses
PC2 · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Desert. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Gshs Properties LLC
Entity
Mailing address
1700 FLORIBUNDA AVE, HILLSBOROUGH, CA 94010-6420
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 24, 2026
$3,750,000
Gshs Properties LLC
Washington Street Desert Dunes LLC
Grant Deed
$2,250,000 · California Bank/commerce
Apr 27, 2021
$2,780,000
Washington Street Desert Dunes LLC
Monroe Desert Dunes Plaza LP
Grant Deed
$1,500,000 · First Republic Bank
Jan 27, 2010
—
Monroe Desert Dunes Plaza LP
Monroe Family Trust
Quit Claim Deed
—
Apr 19, 2002
$1,335,000
Monroe Trust
Foremost Business Parks Ltd
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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