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Property profile & analytics
OFF-MARKET
Medical Office Space
550 Oleander Rd Palm Springs, CA 92264-1504
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0102645
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
WOOD
Total area
4,517 SF
Lot
0.48 ac (20,908 SF)
Zoning code
M1
APN
680-092-008
UPID
US09-0102645
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
-
Eventertainment, LLC. Event Planning Wedding Service
-
West Association Management Housing Development
-
PMA Advertising & Public Relations Marketing & Advertising Advertising Agency
-
Stracts Inc Interior Design Home Decor Store
-
Paradise Pool Cleaning Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mahoney,tr · 22 yrs held
Mahoney,tr
since 2003
7 recorded transactions
Zoning & alternative use
M1 · 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
—
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
$9,598
Tax year 2024
Assessed value
$754,059
Assessed 2024
Previous assessed
$754,059
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$158,895
Assessed improvement
$595,164
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,517 SF
Lot
0.48 ac (20,908 SF)
Zoning code
M1
APN
680-092-008
UPID
US09-0102645
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Palm Springs, CA
Zoning M1 · permitted uses
M1 · 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
1959
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Mahoney,tr
Individual
Mailing address
495 CAMINO NORTE, PALM SPRINGS, CA 92262-4213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Dec 31, 2018
—
Mahoney,p J & M L Trust
—
Deed
related
—
Dec 10, 2003
$340,000
Mahoney,tr
Burbank,tr
Grant Deed
—
Aug 1, 1989
—
Gary D Burge
Desert Animal Ho
Quit Claim Deed
related
—
Aug 1, 1989
$225,454
Roland K Burbank
Burge Gary D
Quit Claim Deed
related
$136,600 · Cal City Bank
—
—
Mahoney,p J & M L Trust
—
Loan Modification
related
—
—
—
Roland K Burbank
—
Deed Of Trust
related
$242,451 · Burge Gary D
—
—
Mahoney P J & M L Trust
—
Deed Of Trust
related
$378,000 · Palm Desert National Bank
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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