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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Hotels
67221 Pierson Blvd Desert Hot Springs, CA 92240-3309
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0267561
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1962
Construction
WOOD
Total area
18,232 SF
Lot
1.79 ac (77,972 SF)
Zoning code
R4
APN
642-041-005
UPID
US09-0267561
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
by Request
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$1.07M
Owner & transaction history
Flamingo Spa Hotel LLC · 13 yrs held
Flamingo Spa Hotel LLC
since 2013
7 recorded transactions
Zoning & alternative use
R4 · Desert Hot 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$58 / 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
$32,236
Tax year 2024
Assessed value
$470,826
Assessed 2024
Previous assessed
$470,826
+0.0% YoY
Effective rate
6.85%
On assessed value
Assessed land
$144,866
Assessed improvement
$325,960
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Stories
2
Units
33
Total area
18,232 SF
Lot
1.79 ac (77,972 SF)
Zoning code
R4
APN
642-041-005
UPID
US09-0267561
Jurisdiction
RIVERSIDE
Zoning & alternative use
R4 · Desert Hot Springs, CAZoning R4 · permitted uses
R4 · Desert Hot 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
1962
Construction
WOOD
Heating
NONE
Stories
2
Units
33
Lot
1.79 ac
Current owner
From public records · entity-resolved
Flamingo Spa Hotel LLC
Entity
Mailing address
70025 HWY 111TH RD STE #103, RANCHO MIRAGE, CA 92270-2935
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2013
$390,000
Flamingo Spa Hotel LLC
Lwl Investment Group
Grant Deed
—
Mar 27, 2008
$1,347,000
Bcb Resorts LLC
So,jinoh & Mirang
Grant Deed
$2,590,000 · Jinoh & Mirang So
Dec 6, 2005
$300,000
Jinoh So
Phenomenal Properties INC
Grant Deed
—
Feb 27, 2004
$1,300,000
Phenomenal Properties INC
Lee,sun J
Grant Deed
$950,000 · Sun J Lee
Apr 17, 2003
—
Sun J Lee
Lee,sun J
Quit Claim Deed
related
—
Dec 14, 1998
$950,000
Won K Park
Rago,domenick
Grant Deed
$730,000 · Seller
Sep 30, 1997
—
Domenick Etal Rago
Rago,domenick
Quit Claim Deed
related
—
Aug 10, 1992
$141,500
Domenick Rago
Joyce Trust
Grant Deed
—
—
—
Domenick Rago
—
Deed Of Trust
related
$86,500 · Omni Bank
—
—
Sun J Lee
—
Deed Of Trust
related
$720,000 · Wilshire State Bank
—
—
Phenomenal Properties INC
—
Deed Of Trust
related
$1,025,000 · Pump Patrol INC
—
—
Phenomenal Properties INC
—
Deed Of Trust
related
$1,025,000 · Pump Patrol INC
—
—
Jinoh So
—
Deed Of Trust
related
$1,600,000 · Wilshire State Bank
—
—
Lwl Investments Group
—
Deed Of Trust
related
$15,000 · Miken Construction Co INC Reti
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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