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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Hotels
701 Palm Cyn Dr, Palm Springs, CA 92264-8811
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2218476
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1967
Construction
WOOD
Total area
8,224 SF
Lot
4.64 ac (202,118 SF)
APN
009-602-250
UPID
US09-2218476
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
-
King's Highway Restaurant
-
ATM Atm
-
Tesla Charging Station Electric Vehicle Charging Station
-
Feel Good Spa Alternative Medicine Practice Spa & Massage Center
-
Amigo Room Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
Pine Tree Torrance II LP · 28 yrs held
Pine Tree Torrance II LP
since 1998
7 recorded transactions
Zoning & alternative use
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%
$840,000
6.5%
$775,000
7%
$720,000
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$143 / 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
$766,701
Tax year 2024
Assessed value
$61,200,000
Assessed 2024
Previous assessed
$61,200,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$4,488,000
Assessed improvement
$56,712,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
NONE
Buildings
4
Stories
1
Units
4
Total area
8,224 SF
Lot
4.64 ac (202,118 SF)
APN
009-602-250
UPID
US09-2218476
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
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
1967
Construction
WOOD
Heating
NONE
Stories
1
Buildings
4
Units
4
Lot
4.64 ac
Current owner
From public records · entity-resolved
Pine Tree Torrance II LP
Entity
Mailing address
117666 WILSHIRE BLVD FL #15, LOS ANGELES, CA 90025
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
—
Jrk Palm Springs Hotel Owner LLC
—
Deed
related
$39,000,000 · Dbr Investments Co Limited
Oct 7, 2019
—
701 East Palm Canyon Lessee LLC
—
Deed
related
$41,000,000 · Metropolitan Commercial Bank
Sep 21, 2016
—
701 East Palm Canyon Lessee Ll
—
Deed
related
$31,000,000 · Silverpeak R/e Fin
Jan 12, 2009
—
701 East Palm Cyn Lessee LLC
—
Trustees Deed
related
$20,783,000 · Hsbc Bank USA
Jun 24, 1998
—
Pine Tree Torrance II LP
Clay A Petersen
—
$3,173,000 · Imperial Thrift & Loan
—
—
701 East Palm Canyon Lessee Ll
—
Deed Of Trust
related
$22,000,000 · Hsbc Bk USA NA
—
—
701 East Palm Canyon Lessee Ll
—
Deed Of Trust
related
$31,000,000 · Silverpeak R/e Fin
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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