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Property profile & analytics
OFF-MARKET
Estimated value
$2,545,000
Retail space
457 Palm Cyn Dr Palm Springs, CA 92262-5665
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1500393
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
TILT-UP CONCRETE
Total area
8,696 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C1
APN
513-082-007
UPID
US09-1500393
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
-
Palm Canyon Galleria Art Gallery
-
Insight West Interior Design Home Decor Store
-
Gallery24Jewelry (Bike/Boat/Book/etc) Store
-
Palm Springs Yoga By Deb Gym & Fitness Center
-
Knee Walker Rental Palm Springs Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$2.55M
Owner & transaction history
Rest Area LLC · 1 yrs held
Rest Area LLC
since 2025
Last sale
$2.7M
3 recorded transactions
Zoning & alternative use
C1 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+27.1%
Apartment house (5+ units)
$3.7M
+24.0%
Warehouse, storage
$3.0M
+1.7%
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 Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
$3,385,000
ML approach
$2,855,000
CAP Approach
CAP Return
Estimation
6%
$2,075,000
6.5%
$1,920,000
7%
$1,780,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,955,000
Current use
AUTO REPAIR, GARAGE
$3,755,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,665,000
Change: +24% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,005,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$2,375,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.29M – $2.80M · ±10% · vs last sale $2.65M (Mar 25 2025)
Last sale anchor
$2.65M
Mar 25 2025
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
$293 / 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
$13,761
Tax year 2024
Assessed value
$852,995
Assessed 2024
Previous assessed
$852,995
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$227,455
Assessed improvement
$625,540
Applied tax rate
11.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
8,696 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C1
APN
513-082-007
UPID
US09-1500393
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Palm Springs, CA
Zoning C1 · permitted uses
C1 · Palm Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Rest Area LLC
Entity
Mailing address
600 W PANORAMA RD, PALM SPRINGS, CA 92262-2742
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
$2,650,000
Rest Area LLC
James Jay Gaudineer
Grant Deed
$1,950,000 · James Gaudineer Etux
Dec 28, 1998
$550,000
James J Gaudineer
Miller,edyth M
Grant Deed
$200,000 · Seller
Dec 1, 1997
—
John F Etal Miller
Miller,john F Etal
Quit Claim Deed
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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