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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail space
70041 Dillon Rd Desert Hot Springs, CA 92241-7641
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US09-0720447
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
TILT-UP CONCRETE
Total area
2,940 SF
Lot
0.68 ac (29,620 SF)
Zoning code
CPS
APN
654-190-037
UPID
US09-0720447
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
-
Golden Lantern Market Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$570k
Owner & transaction history
Bhatti Enterprises INC · 23 yrs held
Bhatti Enterprises INC
since 2002
7 recorded transactions
Zoning & alternative use
CPS · Desert Hot Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$870,000
+14.9%
Medical building
$805,000
+6.3%
Office building
$800,000
+5.7%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
RETAIL STORES
$755,000
Current use
WAREHOUSE, STORAGE
$870,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$194 / 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
$13,105
Tax year 2024
Assessed value
$964,579
Assessed 2024
Previous assessed
$964,579
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$268,625
Assessed improvement
$695,954
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
2,940 SF
Lot
0.68 ac (29,620 SF)
Zoning code
CPS
APN
654-190-037
UPID
US09-0720447
Jurisdiction
RIVERSIDE
Zoning & alternative use
CPS · Desert Hot Springs, CA
Zoning CPS · permitted uses
CPS · 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
RETAIL STORES Current
Est. value
$755,000
WAREHOUSE, STORAGE
Est. value
$870,000
MEDICAL BUILDING
Est. value
$805,000
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Bhatti Enterprises INC
Entity
Mailing address
70041 DILLON RD, DESERT HOT SPRINGS, CA 92241-7641
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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
Oct 3, 2002
$700,000
Bhatti Enterprises INC
Lee,anthony
Grant Deed
$560,000 · Uniti Bank
Feb 20, 1998
—
Anthony Lee
Lee,yong H
Quit Claim Deed
related
—
Sep 14, 1994
—
Anthony Y Lee
Lee,christine M J
Quit Claim Deed
related
—
Sep 14, 1994
$521,000
Lee,yong H & Anthony Y
Lee,hark T & Jong H
Trustees Deed
related
$650,000 · Saehan Bank
Oct 1, 1990
$450,000
Hark T Lee
Harvey Cecil M
Grant Deed
$800,000 · Mechanics National Bank
—
—
Yong Ha Lee
—
Deed Of Trust
related
$650,000 · Saehan Bank
—
—
Bhatti Ents INC
—
Deed Of Trust
related
$1,000,000 · Nara Bank
—
—
Bhatti Ents INC
—
Deed Of Trust
related
$675,000 · Wilshire State Bank
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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