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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Apartment buildings
722 San Lorenzo Rd Palm Springs, CA 92264-8172
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0605289
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
6,412 SF
Lot
0.62 ac (27,007 SF)
Zoning code
R3
APN
508-191-011
UPID
US09-0605289
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 Mingo Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.76M
Owner & transaction history
Michael J Kilroy · 21 yrs held
Michael J Kilroy
since 2005
7 recorded transactions
Zoning & alternative use
R3 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+18.4%
Warehouse, storage
$2.6M
+11.2%
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%
$1,730,000
6.5%
$1,595,000
7%
$1,485,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,340,000
Current use
AUTO REPAIR, GARAGE
$2,770,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,600,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,325,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±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
$274 / 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
$26,155
Tax year 2024
Assessed value
$1,661,176
Assessed 2024
Previous assessed
$1,661,176
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$189,820
Assessed improvement
$1,471,356
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Stories
2
Units
3
Total area
6,412 SF
Lot
0.62 ac (27,007 SF)
Zoning code
R3
APN
508-191-011
UPID
US09-0605289
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1961
Construction
WOOD
Heating
NONE
Stories
2
Units
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
Michael J Kilroy
Individual
Mailing address
139 TAMARISK RD STE #104, PALM SPRINGS, CA 92262-5533
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
—
San Gregorio X Company LP
—
Deed
related
$2,200,000 · Pacific Premier Bank
Jun 3, 2020
—
San Macedonio Company LP
—
Deed
related
$3,400,000 · Axos Bank
Jan 11, 2005
—
Michael J Kilroy
Santa Olimpia Co
Grant Deed
—
Aug 18, 2004
$275,000
Vi Services INC
Santa Olimpia Co
Grant Deed
related
$275,000 · Santa Olimpia Co LP
May 1, 1998
$450,000
Real Estate Firm
Granite Equities INC
Grant Deed
$450,000 · Palm Desert National Bank
Dec 3, 1997
$355,000
Granite Equities INC
Schulzman,kurt A
Trustees Deed
related
—
Aug 31, 1992
$435,000
Kurt A Schulzman
City Thrift & Lo
Grant Deed
$348,000 · Seller
Oct 1, 1989
$750,000
Charleen Case
City Thrift
Grant Deed
$600,000 · City Thrift & Loan
Jun 1, 1989
$665,355
City Thrift & Lo
Sunny Joseph W
Trustees Deed
related
—
—
—
Sunny Joseph W
—
Deed Of Trust
related
$574,000 · City Thrift & Loan
—
—
Santa Olimpia Co
—
Deed Of Trust
related
$1,600,000 · James W Kenyon
—
—
San Gregorio X Co
—
Deed Of Trust
related
$740,000 · Citibank West Fsb
—
—
Muirterco INC
—
Deed Of Trust
related
$772,800 · Abn Amro Mortgage Group INC
—
—
Santa Olimpia Co LP
—
Deed Of Trust
related
$450,000 · Runo Trust
—
—
Muirterco INC
—
Deed Of Trust
related
$37,600 · M & N Properties
—
—
San Gregorio Co X LP
—
Deed Of Trust
related
$109,206 · Diane M Bassett
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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