Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    44845 Las Palmas Ave Palm Desert, CA 92260-3545

    • Apartment buildings
    • 10,969 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Jul 12, 2022
    Value Estimations
    $2,865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3124367
    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

    • Apartment buildings

    Property Details for 44845 Las Palmas Ave

    Year built
    1975
    Construction
    WOOD
    Lot size
    0.73 lot acres
    Property size
    10,969 SF
    Zone code
    R2
    Property type
    Apartment buildings
    APN
    627-092-056
    APU
    627092056

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,960,000
      6.5%
      $2,730,000
      7%
      $2,535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,814,000
      Market price range: $839k - $3.67M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.384
    Latitude
    33.7223
    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
    $31,678
    $561,000
    $1,683,000
    $2,244,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.43 Acres

      43805 Monterey Ave

      APARTMENT HOUSE (5+ UNITS) • 1.43 Acres
      43805 Monterey Ave, Palm Desert, CA 92260-9334
      View Details
    • Value Estimation
      $705,000
      2,590 SF

      44408 Acacia Dr

      APARTMENT HOUSE (5+ UNITS) • 2,590 SF
      44408 Acacia Dr, Palm Desert, CA 92260
      View Details
    • Value Estimation
      $5,905,000
      21,454 SF

      73200 Tumbleweed Ln

      APARTMENT HOUSE (5+ UNITS) • 21,454 SF
      73200 Tumbleweed Ln, Palm Desert, CA 92260-4221
      View Details
    • Value Estimation
      $805,000
      3,973 SF

      74300 Candlewood St

      APARTMENT HOUSE (5+ UNITS) • 3,973 SF
      74300 Candlewood St, Palm Desert, CA 92260-4878
      View Details
    • Value Estimation
      $505,000
      1,744 SF

      73575 Catalina Way

      APARTMENT HOUSE (5+ UNITS) • 1,744 SF
      73575 Catalina Way, Palm Desert, CA 92260-2945
      View Details
    • Value Estimation
      $14,000,000
      12,621 SF

      45278 Deep Cyn Rd

      APARTMENT HOUSE (5+ UNITS) • 12,621 SF
      45278 Deep Cyn Rd, Palm Desert, CA 92260-4580
      View Details

    Similar Nearby for Sale

    • $2,575,000

      Stone Creek Apartments: Palm Desert

      Prime Palm Desert Apartment Complex
      44700 San Jacinto Ave, Palm Desert, CA 92260
      View Details
    • $9,999,999
      4 SF

      Multifamily Community in Palm Desert

      26-unit multifamily community with rental upside in a prime location.
      72805 Parkview Dr, Palm Desert, CA 92260
      View Details
    • $3,995,000

      Palm Desert Garden Apartments

      25-unit multifamily property in Palm Desert, California.
      73600 San Gorgonio Way, Palm Desert, CA 92260
      View Details
    • $6,845,000
      22,200 SF

      Palm Desert Condominium Package Deal

      37-unit condominium package near El Paseo shopping district.
      74380 El Camino, Palm Desert, CA 92260
      View Details
    • $1,195,000

      Remodeled Triplex Near El Paseo

      Triplex near El Paseo with new roofs and laundry.
      44635 San Carlos Ave, Palm Desert, CA 92260
      View Details
    • $257,500

      Indian Springs Senior Park Home

      Home in Indian Springs Senior Park with mountain views.
      49305 70, Palm Desert, CA 92260
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,700 SF

      Palm Desert Retail Anchor Space

      High-traffic location, 10,000 SF available
      73468 Ca-111, Palm Desert, CA 92260
      View Details
    • Contact for pricing
      12,027 SF

      Medical Building Suites For Lease

      Medical suites available for lease in Palm Desert, CA.
      73950 Alessandro Dr, Palm Desert, CA 92260
      View Details
    • Contact for pricing

      Palm Desert Flex Space Available

      Flex space in Cook Street Business Area, move-in ready.
      74883 Velie Way, Palm Desert, CA 92260
      View Details
    • $2 SF/Yr

      El Paseo Retail/Office Space

      Prime location on El Paseo, Palm Desert.
      73180 El Paseo, Palm Desert, CA 92260
      View Details
    • $17 SF/Yr
      11,911 SF

      Palm Desert Office Space for Lease

      Prime Office Suites, Multiple Sizes Available
      74350 Alessandro Dr, Palm Desert, CA 92260
      View Details
    • $3 SF/Yr

      El Paseo Office Space

      Office space for lease or sale on El Paseo.
      73350 El Paseo, Palm Desert, CA 92260
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    44845 Las Palmas Ave
    Palm Desert, CA 92260-3545
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!