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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Medical Office Space
44139 Monterey Ave Palm Desert, CA 92260-8700
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2776092
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
WOOD
Total area
11,656 SF
Lot
1.06 ac (46,173 SF)
Zoning code
PCC
APN
640-123-020
UPID
US09-2776092
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
-
Dr. Kristina H. Pham, DDS Dental Office
-
Forrest Murphy, MD Physician
-
Sanjeev Grewal, MD Physician
-
Steven Fish, MD Ophthalmologist
-
Darr Eye Clinic Surgical Med Group Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Clt 44815 Monterey Avenue LLC · 12 yrs held
Clt 44815 Monterey Avenue LLC
since 2014
7 recorded transactions
Zoning & alternative use
PCC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$110 / 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
$29,809
Tax year 2024
Assessed value
$2,414,550
Assessed 2024
Previous assessed
$2,414,550
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$557,395
Assessed improvement
$1,857,155
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
11,656 SF
Lot
1.06 ac (46,173 SF)
Zoning code
PCC
APN
640-123-020
UPID
US09-2776092
Jurisdiction
RIVERSIDE
Zoning & alternative use
PCC · Palm Desert, CA
Zoning PCC · permitted uses
PCC · 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
2
Buildings
2
Units
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Clt 44815 Monterey Avenue LLC
Entity
Mailing address
100 E CALIFORNIA BLVD, PASADENA, CA 91105-3205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
—
Clt 44815 Monterey Avenue LLC
—
Deed
related
$40,917,610 · Ctbc Bank Corp USA
Oct 22, 2020
—
Clt 44815 Monterey Avenue LLC
—
Deed
related
$2,040,000 · Ctbc Bank Corp USA
Oct 2, 2019
—
Clt 44815 Monterey Avenue LLC
—
Deed
related
$17,300,000 · Ctbc Bank Corp USA
Jan 26, 2017
—
Clt 44815 Monterey Avenue LLC
—
Deed
related
—
Oct 28, 2016
—
Clt 44815 Monterey Avenue LLC
—
Deed
related
$2,450,000 · East West Invs
Aug 4, 2014
—
Clt 44815 Monterey Avenue LLC
—
Trustees Deed
related
$2,480,000 · Bank Of America
Jun 27, 2014
—
Clt 44815 Monterey Avenue LLC
Design 2020 Pasadena LLC
Quit Claim Deed
—
Mar 29, 2013
$2,000,000
Design 2020 Pasadena LLC
Monterey Investment Group
Grant Deed
$1,623,000 · East West Bank
—
—
Monterey Investment Group
—
Deed Of Trust
related
$1,555,000 · Canyon National Bank
—
—
Clt 44815 Monterey Avenue LLC
—
Deed Of Trust
related
$2,450,000 · East West Invs
—
—
Clt 44815 Monterey Avenue LLC
—
Deed Of Trust
related
—
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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