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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
72921 Ramon Rd Thousand Palms, CA 92276-3423
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1999767
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
TILT-UP CONCRETE
Total area
3,074 SF
Lot
0.13 ac (5,662 SF)
Zoning code
CPS
APN
693-032-015
UPID
US09-1999767
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
$335k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Oasis Real Properties · 7 yrs held
Oasis Real Properties
since 2018
7 recorded transactions
Zoning & alternative use
CPS · Thousand Palms, 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 Thousand Palms submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thousand Palms 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
$335,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$840,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$168 / 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
$6,419
Tax year 2024
Assessed value
$492,138
Assessed 2024
Previous assessed
$492,138
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$98,427
Assessed improvement
$393,711
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
3,074 SF
Lot
0.13 ac (5,662 SF)
Zoning code
CPS
APN
693-032-015
UPID
US09-1999767
Jurisdiction
RIVERSIDE
Zoning & alternative use
CPS · Thousand Palms, CA
Zoning CPS · permitted uses
CPS · Thousand Palms, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thousand Palms. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$840,000
OFFICE BUILDING
Est. value
$835,000
MEDICAL BUILDING
OFFICE BUILDING
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
2009
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Oasis Real Properties
Entity
Free & Clear · 7 yrs held
Mailing address
30 N GOULD STR, SHERIDAN, WY 82801-6317
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2018
$450,000
Oasis Real Properties
Handson Equities LLC
Grant Deed
related
—
Jul 3, 2018
$450,000
Handson Equities LLC
Hand,gary
Grant Deed
$293,000 · Hga Cap Advisors LLC
Oct 7, 2015
—
Gary Hand
Kaufman,michael & Patricia
Grant Deed
—
May 29, 2012
$450,000
Gary Hand
Pme Mortgage Fund INC
Grant Deed
—
May 29, 2012
$31,500
Pme Mortgage Fund INC
Mortgage & General Investment
Grant Deed
—
May 29, 2012
—
Melinda E Wirt
Wirt,morgan E JR
Quit Claim Deed
related
—
Jul 7, 2010
—
Pme Mortgage Fund INC
Pme Mortgage Fund INC
Quit Claim Deed
related
—
Feb 26, 2010
—
Mortgage & General Inv Corp
Berket,zelijka
Grant Deed
—
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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