Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    629 Thornhill Rd Palm Springs, CA 92264-7694

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    629 Thornhill Rd Palm Springs, CA 92264-7694

    View on Map
    • Apartment buildings
    • 5,178 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Oct 2, 2024
    Property ID
    US10-2558138
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 629 Thornhill Rd

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    5,178 SF
    Zone code
    R2
    Property type
    Apartment buildings
    APN
    508-220-007
    APU
    508220007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $675,000
      ML approach
      $675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,395,000
      6.5%
      $1,290,000
      7%
      $1,195,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $947,000
      Market price range: $460k - $2.01M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.533
    Latitude
    33.8139
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,601
    $210,313
    $600,909
    $811,222
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $22,255,000
      112,320 SF

      2801 Avery Dr

      APARTMENT HOUSE (100+ UNITS) • 112,320 SF
      2801 Avery Dr, Palm Springs, CA 92264-8700
      View Details
    • Value Estimation
      $655,000
      2,459 SF

      1311 Camino Amapola

      APARTMENT HOUSE (5+ UNITS) • 2,459 SF
      1311 Camino Amapola, Palm Springs, CA 92264-7887
      View Details
    • Value Estimation
      $525,000
      1,504 SF

      541 Camino Real

      APARTMENT HOUSE (5+ UNITS) • 1,504 SF
      541 Camino Real, Palm Springs, CA 92264
      View Details
    • Value Estimation
      $1,700,000
      12,654 SF

      500 Grenfall Rd

      APARTMENT HOUSE (5+ UNITS) • 12,654 SF
      500 Grenfall Rd, Palm Springs, CA 92264-7689
      View Details
    • Value Estimation
      $1,300,000
      16,633 SF

      550 Grenfall Rd

      APARTMENT HOUSE (5+ UNITS) • 16,633 SF
      550 Grenfall Rd, Palm Springs, CA 92264-7687
      View Details
    • Value Estimation
      $660,000
      3,561 SF

      550 Indian Cyn Dr

      APARTMENT HOUSE (5+ UNITS) • 3,561 SF
      550 Indian Cyn Dr, Palm Springs, CA 92264-7401
      View Details

    Similar Nearby for Sale

    • $5,995,000

      Deepwell Apartments Multifamily Investment Opportunity

      30+1 unit multifamily community in Palm Springs' Deepwell Estates.
      1680 Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • Contact for pricing

      Palm Springs Apartment Community

      51-unit apartment community near Downtown Palm Springs.
      495 E Twin Palms Dr, Palm Springs, CA 92264
      View Details
    • $925,000

      Palm Springs Multifamily Investment Opportunity

      Five-unit income property in Palm Springs' Demuth Park submarket.
      3737 Calle De Carlos, Palm Springs, CA 92264
      View Details
    • $1,995,000

      Renovated Palm Springs Multifamily Property

      Fully renovated multifamily property in South Palm Springs with flexible uses.
      1425 Via Soledad, Palm Springs, CA 92264
      View Details
    • $1,995,000
      3,764 SF

      Palm Springs Mid-Century Compound

      Unique 5-unit apartment complex in Warm Sands.
      Camino Parocela, Palm Springs, CA 92264
      View Details
    • $5,995,000
      20,296 SF

      Deepwell Apartments Multifamily Investment Opportunity

      30+1 unit multifamily community in Palm Springs' Deepwell Estates.
      1680 East Palm Canyon Dr, Palm Springs, CA 92264
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Executive Office Suites For Rent

      Multi-use property with small office suites in Palm Springs.
      555 S Sunrise Way, Palm Springs, CA 92264
      View Details
    • $1.75 SF/Yr

      East Palm Canyon Restaurant Space

      Restaurant space for lease in East Palm Canyon Corridor.
      1201 East Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • $1.00 SF/Yr

      Office and Entertainment Complex

      Office and entertainment complex with mountain views and private parking.
      610 S Belardo Rd, Palm Springs, CA 92264
      View Details
    • $2.00 SF/Yr
      3,022 SF

      Palm Springs Commercial Space Available

      Commercial space for rent in Palm Springs, California.
      2465 E Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • Contact for pricing

      Retail Space in Rimrock Plaza

      Retail spaces available in renovated Rimrock Plaza with strong co-tenants.
      4711-4791 E Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    • $780 /Mo
      380 SF

      Palm Springs Art Collective Space

      Creative and office spaces available for rent in Palm Springs.
      1502 S Palm Canyon Dr, Palm Springs, CA 92264
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    629 Thornhill Rd
    Palm Springs, CA 92264-7694
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!