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Property profile & analytics
OFF-MARKET
Estimated value
$135,000
Hotels
555 Grenfall Rd Palm Springs, CA 92264-7618
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2145101
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1776
Total area
3,375 SF
Lot
0.3 ac (13,068 SF)
Zoning code
R2
APN
508-211-003
UPID
US09-2145101
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
$90k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$135k
Owner & transaction history
Fields,mellen Family Trust · 5 yrs held
Fields,mellen Family Trust
since 2021
Last sale
$165,000
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
$135,000
ML approach
$90,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$135k
Range $122k – $149k · ±10% · vs last sale $165k (Jan 6 2021)
Last sale anchor
$165k
Jan 6 2021
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
$40 / 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
$4,966
Tax year 2024
Assessed value
$325,725
Assessed 2024
Previous assessed
$325,725
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$120,222
Assessed improvement
$205,503
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
Off-Market
Year built
1776
Heating
NONE
Stories
1
Units
4
Total area
3,375 SF
Lot
0.3 ac (13,068 SF)
Zoning code
R2
APN
508-211-003
UPID
US09-2145101
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
Building & site characteristics
From public records
Year built
1776
Heating
NONE
Stories
1
Units
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Fields,mellen Family Trust
Trust
Free & Clear · 5 yrs held
Mailing address
1179 E SAN LORENZO RD, PALM SPRINGS, CA 92264-8117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
—
Fields,mellen Family Trust
Robert A Fields
Quit Claim Deed
—
Jul 30, 2019
—
Robert E Mellen
Mellen,robert E
Quit Claim Deed
related
—
Sep 28, 2017
—
Robert E Mellen
—
Deed
related
$1,000,000 · Bank Of Hope
Nov 18, 2005
—
Robert E Mellen
Mellen,robert E
Quit Claim Deed
related
—
Oct 5, 2000
—
Robert E Mellen
Mellen,robert E Etal
Quit Claim Deed
related
—
Sep 23, 1997
—
Robert E Etal Mellen
Mellen,robert E
Quit Claim Deed
related
—
Mar 19, 1992
$165,000
Robert E Mellen
Durrenmatt Trust
Grant Deed
$132,000 · Western Federal Savings & Loan
—
—
Robert E Mellen
—
Deed Of Trust
related
$1,000,000 · Bank Of Hope
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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