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Property profile & analytics
OFF-MARKET
Estimated value
$5,260,000
Retail space
73130 El Paseo Palm Desert, CA 92260-4236
Individually Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3220108
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
WOOD
Total area
21,774 SF
Lot
1.39 ac (60,548 SF)
Zoning code
C1SP
APN
627-192-040
UPID
US10-3220108
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
-
Van Zaig Gallery Art Gallery
-
Charles Alfaro - Raymond James Financial Advisor
-
Notrica Wealth Strategies of Raymond James Financial Advisor
-
Bloemendaal Capital Strategies of Raymond James Financial Advisor
-
Raymond James & Associates Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.26M
Owner & transaction history
El Paseo Collection Fashion Pl · 16 yrs held
El Paseo Collection Fashion Pl
since 2010
7 recorded transactions
Zoning & alternative use
C1SP · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.2M
+0.2%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,200,000
6.5%
$4,800,000
7%
$4,460,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,220,000
Current use
OFFICE BUILDING
$8,235,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$5.26M
Range $4.73M – $5.79M · ±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
$242 / 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
$141,937
Tax year 2024
Assessed value
$11,025,000
Assessed 2024
Previous assessed
$11,025,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$2,205,000
Assessed improvement
$8,820,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
15
Total area
21,774 SF
Lot
1.39 ac (60,548 SF)
Zoning code
C1SP
APN
627-192-040
UPID
US10-3220108
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1SP · Palm Desert, CA
Zoning C1SP · permitted uses
C1SP · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.2M
OFFICE BUILDING
Est. value
$8.2M
RETAIL STORES Current
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
1989
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
15
Lot
1.39 ac
Current owner
From public records · entity-resolved
El Paseo Collection Fashion Pl
Individual
Mailing address
5900 WILSHIRE BLVD STE #400, LOS ANGELES, CA 90036-5003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
El Paseo Collection Fashion Plaza L
—
Deed
related
$5,300,000 · American Memorial Life Insurance Co
Oct 16, 2017
—
El Paseo Collection Fashion Pl
—
Deed
related
$300,000 · Fern Family Trust (pt)
Aug 30, 2012
—
El Paseo Collection Fashion Pl
—
Grant Deed
related
$8,300,000 · Rabobank
Jan 8, 2010
—
El Paseo Collection Fashion Pl
Harkan Properties LLC
Grant Deed
$5,720,000 · California Coast Cu
Jun 20, 2003
—
J H Kantor
Kantor,janis
Quit Claim Deed
related
—
Jun 20, 2003
$8,250,000
J H Kantor
Langman,tr
Grant Deed
$5,000,000 · Langman Trust
Jan 4, 1994
—
David Langman
—
Grant Deed
related
$2,000,000 · Prudential Federal S
May 1, 1989
—
Langman David
—
Grant Deed
related
$2,000,000 · Prudential Fed S
—
—
Harkan Properties LLC
—
Deed Of Trust
related
$5,750,000 · California Coast Cu
—
—
El Paseo Collection Fashion Pl
—
Deed Of Trust
related
$300,000 · Fern Family Trust (pt)
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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