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Property profile & analytics
OFF-MARKET
Hotels
711 Riverside Dr Palm Springs, CA 92264-8151
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0232617
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Construction
WOOD
Total area
4,393 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R3
APN
508-191-004
UPID
US09-0232617
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
-
The Wesley Palm Springs Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Leadbetter Wesley LLC · 7 yrs held
Leadbetter Wesley LLC
since 2018
7 recorded transactions
Zoning & alternative use
R3 · Palm 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$33,843
Tax year 2024
Assessed value
$2,560,111
Assessed 2024
Previous assessed
$2,560,111
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$512,020
Assessed improvement
$2,048,091
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
2017
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,393 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R3
APN
508-191-004
UPID
US09-0232617
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Palm Springs, CA
Zoning R3 · permitted uses
R3 · Palm Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Leadbetter Wesley LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2950 FILLMORE ST, SAN FRANCISCO, CA 94123-4024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2018
—
Leadbetter Wesley LLC
Cronin,georgiana L
Quit Claim Deed
—
Oct 27, 2016
$2,250,000
Longley Hospitality LLC
Cordial Palm Springs LLC
Grant Deed
$800,000 · First Republic Bank
Oct 27, 2016
—
John L Bickford
Potetz,kristina
Quit Claim Deed
related
—
Mar 5, 2014
$730,000
Cordial Palm Springs LLC
Ross W N Living Trust
Grant Deed
$430,000 · Ross W N Living Trust (rt)
Nov 21, 2012
—
William N Ross
Durbin,virginia M
Affidavit Of Death
related
—
Nov 26, 2003
$745,000
Durbin,tr
Valkins,letta
Grant Deed
—
Jan 23, 2001
—
Letta Valkis
Valkis,michael W Etal
Quit Claim Deed
related
—
Jul 25, 2000
—
Michael W Etal Valkis
Valkis,mike
Quit Claim Deed
related
—
Jul 5, 1995
—
Mike Valkis
Valkis,letta
Quit Claim Deed
related
—
Dec 1, 1990
$325,000
Letta Valkis
James Daryl L JR
Grant Deed
$154,400 · Fidelity Federal Bank
Jun 1, 1988
$98,000
Daryl L James JR.
Bescos Norma
Grant Deed
related
$71,775 · Bescos Paul
—
—
Mike Valkis
—
Deed Of Trust
related
$200,000 · Canadian Empirel Financial INC
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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