Financial
Distress signals
Property profile

72248 Varner Rd Thousand Palms, CA 92276

FOR LEASE
Turn key restaurants
Property ID
US09-2846350
5,200 SF 0.82 ac lot Built 1997
Last sale Jun 2021 · $2,100,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
72248 Varner Rd, Thousand Palms, CA 92276 For Lease
$2,070,000
72248 Varner Rd, Thousand Palms, CA 92276
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Property summary

AI-generated overview

A freestanding retail building totaling approximately 5,000 square feet. The property was configured and is presented as retail space, and it has historically been leased under an occupancy arrangement rather than owner-occupied use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$28k
Tax billed · 2024
Assessed value$2.23M
Assessed land$446k
Assessed improvement$1.78M
Effective rate1.26%

Value estimate

· Sep 2026
$2.07M
$1.86M – $2.28M
AI approach$2.26M
Sales comparison$2.59M
NOI build-up
Gross scheduled income$108k
Vacancy & credit loss−$6k
Operating expenses−$31k
NOI · 3,257,681.82% cap applied$72k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$621/SF
County average, outlier-cleaned · 244 recorded sales of this use type
Observed band · Q1–Q3$264 – $1,116
Qualifying comparables13

Cap rate analysis

How does the asset earn?
3,257,681.82%
$72k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.7
Realty agency12.1
Hair Salon9.9

Location

72248 Varner Rd Thousand Palms, CA 92276
County assessor Recorded deeds · 4 transfers 13 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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