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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Apartment buildings
541 Camino Real Palm Springs, CA 92264
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US09-1454119
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
1,504 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R2
APN
508-143-014
UPID
US09-1454119
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$525k
Owner & transaction history
551 So Camino Real LLC · 16 yrs held
551 So Camino Real LLC
since 2009
7 recorded transactions
Zoning & alternative use
R2 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$650,000
+18.4%
Warehouse, storage
$610,000
+11.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$350,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$550,000
Current use
AUTO REPAIR, GARAGE
$650,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$610,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$545,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$349 / 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
$7,616
Tax year 2024
Assessed value
$564,196
Assessed 2024
Previous assessed
$564,196
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$139,195
Assessed improvement
$425,001
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Total area
1,504 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R2
APN
508-143-014
UPID
US09-1454119
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Palm Springs, CA
Zoning 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
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$610,000
RETAIL STORES
Est. value
$545,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1971
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
551 So Camino Real LLC
Entity
Mailing address
PO BOX 744, TORRANCE, CA 90508-0744
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2009
—
551 So Camino Real LLC
Kobayashi,deborah
Grant Deed
—
Jul 31, 2009
$430,500
Delphine Wong
Johnston,douglas W
Grant Deed
$100,000 · East West Bank
Jul 31, 2009
—
Delphine Wong
Wong,willie
Quit Claim Deed
related
—
Feb 13, 1998
$165,000
Douglas W Johnston
Bacino,ted J
Grant Deed
$148,500 · Seller
May 1, 1990
$185,000
Ted J Bacino
Sundberg Justice
Grant Deed
$24,000 · Seller
—
—
Douglas W Johnston
—
Deed Of Trust
related
$88,000 · Capital One Fsb
—
—
Douglas W Johnston
—
Deed Of Trust
related
$200,000 · Wells Fargo Home Mortgage INC
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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