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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Strip malls
4721 Palm Cyn Dr Palm Springs, CA 92264-5218
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1783428
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
TILT-UP CONCRETE
Total area
7,200 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CDN
APN
681-170-048
UPID
US09-1783428
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
-
JJ Desert Spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Pacific Castle Rimrock LLC · 4 yrs held
Pacific Castle Rimrock LLC
since 2022
6 recorded transactions
Zoning & alternative use
CDN · Palm Springs, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$93 / 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
$17,851
Tax year 2024
Assessed value
$964,976
Assessed 2024
Previous assessed
$964,976
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$192,992
Assessed improvement
$771,984
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
6
Total area
7,200 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CDN
APN
681-170-048
UPID
US09-1783428
Jurisdiction
RIVERSIDE
Zoning & alternative use
CDN · Palm Springs, CA
Zoning CDN · permitted uses
CDN · 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.
Building & site characteristics
From public records
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
6
Lot
0.67 ac
Current owner
From public records · entity-resolved
Pacific Castle Rimrock LLC
Entity
Mailing address
2601 MAIN ST STE #900, IRVINE, CA 92614-4232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
—
Pacific Castle Rimrock LLC
PC International Rimrock LLC
Grant Deed
$64,700,000 · Argentic Real Estate Finance LLC
Jan 17, 2020
$17,000,000
PC International Rimrock LLC
Todd T Chikasawa
Grant Deed
$11,400,000 · Ctbc Bank Corp USA
Apr 24, 2008
—
Nomiyama Martha C Trust
Nomiyama,martha C
Quit Claim Deed
related
—
Sep 4, 2007
—
Don S Chikasawa
Chikasawa Family Trust A
Quit Claim Deed
related
—
Mar 3, 1992
$397,000
Don S Chikasawa
Chikasawa,don
Grant Deed
related
—
—
—
Chikasawa,don S & K K Trust
—
Deed Of Trust
related
$5,683,312 · Banco Popular
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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