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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Apartment buildings
600 Cottonwood Rd Palm Springs, CA 92262
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5308811
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
3,715 SF
Lot
0.46 ac (20,037 SF)
Zoning code
R2
APN
507-041-001
UPID
US09-5308811
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
$925k
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$765k
Owner & transaction history
Edward A Verdugo · 7 yrs held
Edward A Verdugo
since 2018
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,260,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$206 / 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
$14,723
Tax year 2024
Assessed value
$966,203
Assessed 2024
Previous assessed
$966,203
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$232,114
Assessed improvement
$734,089
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
1957
Construction
WOOD
Heating
NONE
Stories
1
Units
11
Total area
3,715 SF
Lot
0.46 ac (20,037 SF)
Zoning code
R2
APN
507-041-001
UPID
US09-5308811
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
RETAIL STORES
Est. value
$1.3M
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
1957
Construction
WOOD
Heating
NONE
Stories
1
Units
11
Lot
0.46 ac
Current owner
From public records · entity-resolved
Edward A Verdugo
Individual
Mailing address
5119 BALL RD, CYPRESS, CA 90630-3645
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
—
Edward A Verdugo
Skyline Invs Riverside LLC
Quit Claim Deed
—
Jan 21, 2016
—
Skyline Investments Riverside
Verdugo,edward A
Quit Claim Deed
—
Jul 17, 2009
$457,500
Edward Verdugo
Sierra Vista Palm Spgs-3 LLC
Grant Deed
—
Jun 8, 2006
—
Sierra Vista Palm Spgs-3 LLC
Tmur,robert J & Sandra M
Grant Deed
—
Feb 22, 2006
$875,000
Robert J Tmur
Kaplan Marty Trust
Grant Deed
$547,000 · Union Bank Of California
Mar 1, 2004
$675,000
Kaplan,tr
Results Realty INC
Grant Deed
—
Jan 27, 2004
$500,000
Results Realty INC
Modin,larry A
Grant Deed
related
$500,000 · Larry A Modin
Dec 31, 2001
$325,000
Larry A Modin Trustee
Olafson,steve & Kimberly
Grant Deed
—
Oct 11, 2000
$86,000
Steve Olafson
Intercontinental Real Estates
Grant Deed
$8,310 · Real Estate Investment Group
Oct 31, 1997
—
William A Jorgensen
Jorgensen,tove K
Quit Claim Deed
related
—
Jul 8, 1997
—
William A Jorgensen
Intl Real Est Inv Gp,
Quit Claim Deed
related
—
May 8, 1997
$52,000
International Real Estate
Eighth Street Manor Corp
—
related
$175,000 · Seller
May 15, 1996
—
Eighth Street Manor Corp
State St Bank & Trust Co Ttee
Grant Deed
$108,000 · Individual
Jun 30, 1995
$130,000
State Street Bank & Trust Co T
Washington Trust Deed Svc Corp
Trustees Deed
related
—
Apr 19, 1991
$30,577
Washington Trust
Rojas Celeste
Trustees Deed
related
—
Jul 1, 1988
$279,000
Celeste Rojas
Kiang William S
Grant Deed
related
$370,000 · Washington Trust Deed Svc Corp
—
—
Intercontinental Real Estate
—
Deed Of Trust
related
$20,000 · Eighth Street Manor Corp
—
—
Intercontinental Real Estate
—
Deed Of Trust
related
$35,000 · Individual
—
—
Intercontinental Real Estate
—
Deed Of Trust
related
$175,000 · Individual
—
—
Celeste Rojas
—
Deed Of Trust
related
$3,900 · Goltra Karen
—
—
Robert J Tmur
—
Deed Of Trust
related
$109,250 · Kaplan Marty Trust
—
—
Larry A Modin
—
Deed Of Trust
related
$750,000 · El Paseo Bank
—
—
Celeste Rojas
—
Deed Of Trust
related
$370,000 · Washington Trust Deed Svc Corp
—
—
Intercontinental Real Estate
—
Deed Of Trust
related
$150,000 · Brentwood Bank California
—
—
Washington Trust
—
Deed Of Trust
related
$250,000 · Individual
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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