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Property profile & analytics
OFF-MARKET
Retail space
73190 El Paseo Palm Desert, CA 92260-4280
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2360807
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
WOOD
Total area
5,467 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1SP
APN
627-192-023
UPID
US09-2360807
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
-
Golden Coast Roofing pros Roofing Company General Contractor
-
Elena Bulatova Fine Art Art Gallery
-
Paul Vexler Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mike Stern · 1 yrs held
Mike Stern
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C1SP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$25,151
Tax year 2024
Assessed value
$1,940,000
Assessed 2024
Previous assessed
$1,940,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$422,500
Assessed improvement
$1,517,500
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
1974
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
5,467 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1SP
APN
627-192-023
UPID
US09-2360807
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.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Mike Stern
Individual
Free & Clear · 1 yrs held
Mailing address
5979 W 3RD ST STE #202, LOS ANGELES, CA 90036-2834
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 16, 2025
—
Mike Stern
El Paseo Property LLC
Quitclaim Deed
related
—
Apr 16, 2025
$2,500,000
Restoration Hardware INC
Denise Stern
Grant Deed
—
Dec 22, 2023
—
El Paseo Property LLC
Johanna Judah
Grant Deed
$660,000 · Midfirst Bank
Apr 19, 2019
—
Rosenblatt,johanna J Trust
Judah J Living Trust
Quit Claim Deed
related
—
Aug 8, 2013
—
Judah,johanna Living Trust
Judah J Living Trust
Quit Claim Deed
related
$900,000 · First Republic Bank
Dec 1, 2011
$200,000
Mike Stern
Harkham Family Ents LP
Grant Deed
—
Sep 16, 2011
—
Michael Stern
Harkham Family Ents LP
Quit Claim Deed
related
—
Sep 22, 2005
$1,900,000
Harkham Family Ents
Lyons Darlene R Trust
Grant Deed
$1,095,000 · American Security Bank
Sep 22, 2005
—
Lyons Darlene R Trust
Lyons,gary W
Quit Claim Deed
related
—
Feb 4, 2003
—
Darlene,r Tr
Lyons,g
Quit Claim Deed
related
—
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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