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    Property profile & analytics

    40235 Harris Ln, Unit 101 Palm Desert, CA 92211-6222

    • Apartment buildings
    • 1,015 SF
    • 0.01 lot acres
    OFF-MARKET
    Value Estimation
    $5,530,000
    Last Sale
    Dec 17, 2024
    $5,500,000
    Location Intelligence
    Property ID
    US09-0027790
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mirage Meadow / Repair Service

    Property Details for 40235 Harris Ln

    Year built
    1981
    Construction
    WOOD
    Lot size
    0.01 lot acres
    Property size
    1,015 SF
    Zone code
    R3
    Property type
    Apartment buildings
    APN
    632-071-002
    APU
    632071002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,820,000
      6.5%
      $5,450,000
      7%
      $5,565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,465,000
      Geo Method
      $5,580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,090,000
      Retail
      $5,655,000
      Mixed-Use
      $6,605,000
      Hospitality
      $6,215,000
      Educational
      $5,445,000
      Residential Income
      $4,910,000
      Energy
      $6,170,000
      Income-Based Land
      $5,325,000
      Food Service
      $6,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.305
    Latitude
    33.7559
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,112
    $57,218
    $160,613
    $217,831
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,640 SF

      42655 Cook St

      APARTMENT HOUSE (5+ UNITS) • 2,640 SF
      42655 Cook St, Palm Desert, CA 92211-5134
      View Details
    • Value Estimation by Request
      2,640 SF

      42625 Cook St

      APARTMENT HOUSE (5+ UNITS) • 2,640 SF
      42625 Cook St, Palm Desert, CA 92211-5136
      View Details
    • Value Estimation by Request
      7,872 SF

      43095 Washington St, Unit 29

      APARTMENT HOUSE (5+ UNITS) • 7,872 SF
      43095 Washington St, Palm Desert, CA 92211-8277
      View Details
    • Value Estimation by Request
      1.27 Acres

      77915 Ave Of The States

      APARTMENT HOUSE (5+ UNITS) • 1.27 Acres
      77915 Ave Of The States, Palm Desert, CA 92211-8401
      View Details
    • Value Estimation by Request
      1,680 SF

      77925 Mtn Vw

      APARTMENT HOUSE (5+ UNITS) • 1,680 SF
      77925 Mtn Vw, Palm Desert, CA 92211-8866
      View Details
    • Value Estimation
      $5,520,000
      1,015 SF

      40255 Harris Ln, Unit 103

      APARTMENT HOUSE (5+ UNITS) • 1,015 SF
      40255 Harris Ln, Palm Desert, CA 92211-6260
      View Details

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    Similar Nearby for Lease

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      Prime Palm Desert retail spaces available.
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      Palm Desert Warehouse Sublease

      Divisible warehouse space available for sublease through 2027.
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      View Details
    • $1.50 SF/Yr
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      Office/Warehouse Space in Business Park

      Office and warehouse space with easy access to I-10.
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      View Details
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    Palm Desert, CA 92211-6222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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