Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Medical Office Space
44227 Monterey Ave Palm Desert, CA 92260-2710
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0615647
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
WOOD
Total area
3,692 SF
Lot
0.21 ac (9,147 SF)
Zoning code
OP
APN
640-123-010
UPID
US09-0615647
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
-
Solomon Renee Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Monterey Ave Palm Desert LLC · 2 yrs held
Monterey Ave Palm Desert LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
OP · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+214.9%
Auto repair, garage
$1.6M
+58.0%
Office building
$1.4M
+38.3%
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
$1,955,000
ML approach
$2,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,180,000
Change: +215% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,595,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$1,395,000
Change: +38% · Conversion: Easy
RETAIL STORES
$1,395,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $2.25M (Dec 22 2023)
Last sale anchor
$2.25M
Dec 22 2023
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
$577 / 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
$14,783
Tax year 2024
Assessed value
$1,200,500
Assessed 2024
Previous assessed
$1,200,500
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$225,000
Assessed improvement
$975,500
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
Stories
2
Units
2
Total area
3,692 SF
Lot
0.21 ac (9,147 SF)
Zoning code
OP
APN
640-123-010
UPID
US09-0615647
Jurisdiction
RIVERSIDE
Zoning & alternative use
OP · Palm Desert, CA
Zoning OP · permitted uses
OP · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1989
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Monterey Ave Palm Desert LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
—
Monterey Ave Palm Desert LLC
—
Deed
related
$750,000 · Teresa Litt Ira 852661
Dec 22, 2023
$2,250,000
Monterey Ave Palm Desert LLC
Win 4 Him INC
Grant Deed
$1,800,000 · Live Oak Banking Company
Oct 7, 2016
—
Win4him INC
Win4him INC
Quit Claim Deed
related
—
Oct 7, 2016
$224,500
Win 4 Him INC
Mcpherson Family Trust
Grant Deed
$958,000 · Community Commerce Bk
Sep 9, 2005
—
Mcpherson Family Trust
Mcpherson,scott & Penny J
Quit Claim Deed
related
—
Jun 18, 2002
$675,000
Win 4 Him INC
Groulx,theodore & Carol
Grant Deed
$337,500 · Provident Savings Bank
Apr 18, 2001
$590,000
Theodore Groulx
Consolidated Building Partner
Grant Deed
$190,000 · Consolidated Building Partner
—
—
Scott L Mcpherson
—
Deed Of Trust
related
$279,000 · Cdc Small Business Finance Co
—
—
Mcpherson Family Trust
—
Deed Of Trust
related
$365,000 · Pacific Premier Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 44227 Monterey Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
