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Property profile & analytics
OFF-MARKET
Estimated value
$10,305,000
Apartment buildings
40840 Sandy Gale Ln B Palm Desert, CA 92211-7202
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3291366
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
925 SF
Lot
0.02 ac (870 SF)
APN
632-081-029
UPID
US10-3291366
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.28M
Blend (final)
Blend
$10.31M
Owner & transaction history
Royal Palms Condos Holding Company · 6 yrs held
Royal Palms Condos Holding Company
since 2020
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
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
$11,280,000
ML approach
$11,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.31M
Range $9.27M – $11.34M · ±10% · vs last sale $8.90M (Mar 5 2020)
Last sale anchor
$8.90M
Mar 5 2020
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
$11,141 / 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
$2,669
Tax year 2024
Assessed value
$181,653
Assessed 2024
Previous assessed
$181,653
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$34,844
Assessed improvement
$146,809
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
925 SF
Lot
0.02 ac (870 SF)
APN
632-081-029
UPID
US10-3291366
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
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.02 ac
Current owner
From public records · entity-resolved
Royal Palms Condos Holding Company
Entity
Mailing address
6349 RIVERSIDE AVE #200, RIVERSIDE, CA 92506-3163
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
—
Royal Palms Condos Holding Company
—
Deed
related
$28,640,000 · Morgan Stanley Private Bank NA
Mar 5, 2020
$8,900,000
Royal Palms Condos Holding Company
Brian W Richardson
Grant Deed
$6,000,000 · First Republic Bank
Oct 12, 2016
$2,856,000
Rp Co-investment LLC
Royal Palms Realty LLC
Grant Deed
—
Dec 11, 2009
$34,591
Royal Palms Realty LLC
Himark Cap LLC
Grant Deed
—
Nov 24, 2009
$35,000
Himark Cap LLC
Fci Lender Services INC
Trustees Deed
—
Apr 11, 2008
—
Von Doogle Group LLC
Jadenoah Family Trust
Quit Claim Deed
related
—
Apr 13, 2005
—
Royal Palms Realty LLC
Brittany Royal Palms
Quit Claim Deed
related
$11,500,000 · Vimark Re Participating Loan F
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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