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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Strip malls
72221 Hwy 111 Palm Desert, CA 92260-2758
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5457344
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
WOOD
Total area
15,160 SF
Lot
1.34 ac (58,370 SF)
Zoning code
PC4SP
APN
640-020-054
UPID
US09-5457344
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
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$755k
Owner & transaction history
Bison Normandie Apartments LLC · 2 yrs held
Bison Normandie Apartments LLC
since 2023
Last sale
$725,909
7 recorded transactions
Zoning & alternative use
PC4SP · Palm Desert, 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 Desert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Desert 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
$755,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $726k (Dec 19 2023)
Last sale anchor
$726k
Dec 19 2023
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
$50 / 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
$40,357
Tax year 2024
Assessed value
$3,287,000
Assessed 2024
Previous assessed
$3,287,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,072,000
Assessed improvement
$2,215,000
Applied tax rate
18.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
15,160 SF
Lot
1.34 ac (58,370 SF)
Zoning code
PC4SP
APN
640-020-054
UPID
US09-5457344
Jurisdiction
RIVERSIDE
Zoning & alternative use
PC4SP · Palm Desert, CA
Zoning PC4SP · permitted uses
PC4SP · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Desert. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Bison Normandie Apartments LLC
Entity
Mailing address
5042 WILSHIRE BLVD #189, LOS ANGELES, CA 90036-4305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
$725,909
Bison Normandie Apartments LLC
72221 Highway 111 LLC
Grant Deed
—
Dec 2, 2022
—
Standard Insurance Company
72221 Highway 111 LLC
Assignment Of Lease (leasehold Sale)
$2,900,000 · Standard Insurance Co
Nov 22, 2021
—
72221 Hwy 111 LLC
—
Deed
related
$2,400,000 · Angel Oak Mortgage Solutions LLC
Nov 23, 2020
—
72221 Highway 111 Lc
—
Deed
related
$1,850,000 · Nubridge Comm'l Lndg LLC
May 8, 2019
$1,500,000
72221 Highway 111 LLC
Hudson Holding Corp
Grant Deed
$1,100,000 · Hudson Holding Corp
May 17, 2017
—
Hudson Holding Corp
Las Sombras Village LLC
Grant Deed
—
Oct 14, 2010
$2,650,000
Hudson Holding Corp
Ap Quirk LLC
Grant Deed
—
Mar 20, 2008
—
Ap Quirk LLC
Afq 1 LLC
Grant Deed
—
—
—
Hudson Holding Corp
—
Deed Of Trust
related
$2,500,000 · California Republic Bk
—
—
Hudson Holding Corp
—
Deed Of Trust
related
$1,000,000 · California Republic Bk
—
—
72221 Highway 111 Lc
—
Deed Of Trust
related
$1,850,000 · Nubridge Comm'l Lndg LLC
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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