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Property profile & analytics
FOR SALE
Hotels
537 Grenfall Rd Palm Springs, CA 92264-7618
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5143208
No photos on file
For Sale
Contact for pricing
537 Grenfall Rd, Palm Springs, CA 92264-7618
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1957
Construction
WOOD
Total area
3,604 SF
Lot
0.3 ac (13,068 SF)
Zoning code
R2
APN
508-211-002
UPID
US09-5143208
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
-
The Muse Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Tgw Investments LLC · 2 yrs held
Tgw Investments LLC
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
R2 · 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
Method
Estimation
Statistic approach
$1,420,000
ML approach
$1,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,375,000
Current use
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $2.05M (Dec 7 2023)
Last sale anchor
$2.05M
Dec 7 2023
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
$394 / 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
$26,675
Tax year 2024
Assessed value
$2,051,000
Assessed 2024
Previous assessed
$2,051,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$450,000
Assessed improvement
$1,601,000
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Total area
3,604 SF
Lot
0.3 ac (13,068 SF)
Zoning code
R2
APN
508-211-002
UPID
US09-5143208
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Palm Springs, CAZoning R2 · permitted uses
R2 · Palm Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.4M
HOTEL/MOTEL Current
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
1957
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Lot
0.3 ac
Current owner
From public records · entity-resolved
Tgw Investments LLC
Entity
Mailing address
1304 OXFORD AVE, AUSTIN, TX 78704-2826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
$2,051,000
Tgw Investments LLC
Avance Hotel International LLC
Grant Deed
$1,442,000 · Skyone FCU
Apr 12, 2016
$1,350,000
Avance Hotel International LLC
Sweatt,michael
Grant Deed
—
Oct 29, 2012
—
Desert Eclipse Resort
Sweatt,michael
Grant Deed
$405,000 · Pacific Premier Bank
May 28, 2008
$615,000
Michael Sweatt
Hollinden,gary E
Grant Deed
$405,000 · First California Bank
May 6, 2003
—
Gary E Hollindan
Hollindan,gary E
Quit Claim Deed
related
—
Dec 22, 2000
$120,000
Gary E Hollinden
Buerr,john B
Grant Deed
related
$75,000 · Dpm INC Money Ppp & Trust
Sep 14, 1993
$282,000
John B Duerr
Johnson,albert S
Grant Deed
related
$142,139 · Seller
Jul 13, 1992
$195,000
Richard M Fraser
Johnson,albert M
Grant Deed
—
Jan 1, 1990
$310,000
Johnson Albert S
Brady R Daniel
Trustees Deed
$241,000 · Shaw Kenneth J
Jan 1, 1990
—
Brady R Daniel
Shaw Kenneth
Trustees Deed
related
—
Jan 1, 1989
$306,500
Torari Inv Corp
Shaw Kenenth J
Grant Deed
$237,500 · Shaw Kenenth J
—
—
Gary E Holliden
—
Deed Of Trust
related
$431,000 · Criste Pippin & Golds Cash Bal
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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