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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
44331 Monterey Ave Palm Desert, CA 92260-2788
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2704113
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
WOOD
Total area
2,128 SF
Lot
0.26 ac (11,325 SF)
Zoning code
OP
APN
640-135-011
UPID
US09-2704113
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
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$610k
Owner & transaction history
Klmn LLC · 10 yrs held
Klmn LLC
since 2016
7 recorded transactions
Zoning & alternative use
OP · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$920,000
+14.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$805,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$805,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$287 / 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
$8,790
Tax year 2024
Assessed value
$710,809
Assessed 2024
Previous assessed
$710,809
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$177,566
Assessed improvement
$533,243
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
48
Total area
2,128 SF
Lot
0.26 ac (11,325 SF)
Zoning code
OP
APN
640-135-011
UPID
US09-2704113
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
OFFICE BUILDING Current
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$920,000
RETAIL STORES
Est. value
$805,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1959
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
48
Lot
0.26 ac
Current owner
From public records · entity-resolved
Klmn LLC
Entity
Mailing address
34992 HAGEN HTS, BEAUMONT, CA 92223-7433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jun 24, 2016
$875,000
Klmn LLC
California Desert Association Of Re
Grant Deed
$656,250 · Wells Fargo Bank NA
Aug 2, 2006
$2,900,000
California Desert Assn Of Realtor
Becker Separate Prop Trust
Grant Deed
$1,900,000 · Becker V L Separate Prop Trust
Aug 2, 2006
—
Becker V L Separate Prop Trust
Becker Family 1997 Trust
Quit Claim Deed
related
—
Jul 16, 1998
$380,000
Becker Trust
Homme,o M
Grant Deed
$304,000 · Seller
Oct 8, 1996
—
Sce
Homme,o Michael Etal
Grant Deed
related
—
Jan 26, 1996
$120,000
O M Homme
Loeser,stephen E & Deborah
Grant Deed
related
—
—
—
Becker Trust
—
Deed Of Trust
related
$300,000 · Palm Desert National 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.
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