Sign Up Successful!
You now have access to more from Realmo!
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

    500 San Rafael Dr Palm Springs, CA 92262-8614

    • Apartment buildings
    • 6.62 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0574306
    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

    • The Dropbox Bomb Sweets / Candy Store
    • Palm Springs View Apartments / Apartment Complex
    • Fly into the past .com / Gift Shop

    Property Details for 500 San Rafael Dr

    Lot size
    6.62 lot acres
    Zone code
    CPS
    Property type
    Apartment buildings
    APN
    669-430-017
    APU
    669430017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.552
    Latitude
    33.8605
    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
    $30,038
    $1,622,706
    $4,831,755
    $6,454,461
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $10,685,000
      35,335 SF

      341 Sunrise Way

      APARTMENT HOUSE (100+ UNITS) • 35,335 SF
      341 Sunrise Way, Palm Springs, CA 92262-0832
      View Details
    • Value Estimation
      $600,000
      2,518 SF

      480 Yorba Rd

      APARTMENT HOUSE (5+ UNITS) • 2,518 SF
      480 Yorba Rd, Palm Springs, CA 92262-1982
      View Details
    • Value Estimation
      $2,055,000
      6,424 SF

      300 Calle El Segundo

      APARTMENT HOUSE (100+ UNITS) • 6,424 SF
      300 Calle El Segundo, Palm Springs, CA 92262-7544
      View Details
    • Value Estimation
      $765,000
      3,715 SF

      600 Cottonwood Rd

      APARTMENT HOUSE (5+ UNITS) • 3,715 SF
      600 Cottonwood Rd, Palm Springs, CA 92262
      View Details
    • Value Estimation by Request
      0.42 Acres

      2951 De Anza Rd

      APARTMENT HOUSE (5+ UNITS) • 0.42 Acres
      2951 De Anza Rd, Palm Springs, CA 92262-1490
      View Details
    • Value Estimation by Request
      3.72 Acres

      Palm Springs, CA 92262

      APARTMENT HOUSE (5+ UNITS) • 3.72 Acres
      Palm Springs, CA 92262
      View Details

    Similar Nearby for Sale

    • $684,000

      Remodeled Condo with Mountain Views

      Single-level condo with high-end remodel and mountain views.
      833 N Calle De Flora Vis, Palm Springs, CA 92262
      View Details
    • $229,000
      568 SF

      Turnkey Condo Near Downtown

      Charming, furnished condo near downtown Palm Springs with resort amenities.
      467 S Calle El Segundo, Palm Springs, CA 92262
      View Details
    • $395,000
      1,131 SF

      Palm Springs Condo with Mountain Views

      Move-in ready condo near Uptown Shopping District with mountain views.
      277 E Alejo Rd, Palm Springs, CA 92262
      View Details
    • $3,125,000
      19,602 SF

      Palm Springs Multifamily Investment Opportunity

      20-unit apartment complex in Palm Springs' Uptown neighborhood.
      N Indian Canyon Dr, Palm Springs, CA 92262
      View Details
    • $229,999

      Resort-Style Condo in Palm Springs

      Turnkey furnished condo in a resort-style Palm Springs community.
      1555 N Chaparral Rd, Palm Springs, CA 92262
      View Details
    • Contact for pricing
      13.95 Acres

      Palm Springs Residential Land

      13.95 Acres, High-Density Zoning
      0 Palm Canyon Dr, Palm Springs, CA 92262
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo
      589 SF

      Updated Unit with Mountain Views

      Updated upstairs unit with mountain views, near downtown Palm Springs.
      675 N Los Felices Cir W, Palm Springs, CA 92262
      View Details
    • $2,300 /Mo
      583 SF

      Renovated Condo with Private Yard

      Newly renovated Palm Springs condo with private yard and garage.
      1589 N Sunflower Ct, Palm Springs, CA 92262
      View Details
    • $28 SF/Yr
      67,635 SF

      Palm Springs Office Complex

      Executive & Medical Suites, Prime Location
      340 Farrell Dr, Palm Springs, CA 92262
      View Details
    • $1.25 SF/Yr
      2,300 SF

      Palm Springs Warehouse/Office Space

      Multi-tenant building near Palm Springs Airport with office/warehouse space.
      1130 Valdivia Way, Palm Springs, CA 92262
      View Details
    • $3,850 /Mo
      3,080 SF

      Upscale Industrial/Office Space Available

      Premier light industrial space converted to training school/office. No CAM fees.
      1243 N Gene Autry Trl, Palm Springs, CA 92262
      View Details
    • $2,027 /Mo
      1,622 SF

      Prime Industrial Units on Gene Autry

      Industrial units with high visibility, ample parking, and no CAM fees.
      1243 N Gene Autry Trl, Palm Springs, CA 92262
      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.
    500 San Rafael Dr
    Palm Springs, CA 92262-8614
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.