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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
65935 Pierson Blvd Desert Hot Springs, CA 92240-3029
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2101013
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
2,640 SF
Lot
0.19 ac (8,276 SF)
Zoning code
C
APN
663-302-005
UPID
US09-2101013
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
-
V.I.P smoke shop #3 (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$570k
Owner & transaction history
Redlands Pride LLC · 3 yrs held
Redlands Pride LLC
since 2023
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
C · Desert Hot Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$780,000
+8.7%
Medical building
$720,000
+0.6%
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 Desert Hot Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Desert Hot 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
$450,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$720,000
Current use
WAREHOUSE, STORAGE
$780,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +1% · Conversion: Easy
RETAIL STORES
$700,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $600k (May 11 2023)
Last sale anchor
$600k
May 11 2023
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
$216 / 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
$8,316
Tax year 2024
Assessed value
$612,000
Assessed 2024
Previous assessed
$612,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$510,000
Assessed improvement
$102,000
Applied tax rate
14.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,640 SF
Lot
0.19 ac (8,276 SF)
Zoning code
C
APN
663-302-005
UPID
US09-2101013
Jurisdiction
RIVERSIDE
Zoning & alternative use
C · Desert Hot Springs, CA
Zoning C · permitted uses
C · Desert Hot Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Desert Hot Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$780,000
MEDICAL BUILDING
Est. value
$720,000
RETAIL STORES
Est. value
$700,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1978
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Redlands Pride LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
$600,000
Redlands Pride LLC
Nancy Breeden
Grant Deed
$420,000 · Nancy Breeden
May 11, 2023
—
Nancy Breeden
Morongo Holdings LLC
Grant Deed
—
Apr 19, 2010
—
Morongo Holdings LLC
Breeden Living Trust
Grant Deed
—
Oct 28, 2005
—
Breeden Trust
Breeden,percy A & Nancy
Quit Claim Deed
related
—
May 4, 1995
$120,000
Percy A Breeden
Powell,mark
Grant Deed
$96,000 · Seller
—
—
Morongo Holdings
—
Deed Of Trust
related
$10,125 · Wayne Gottlieb
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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