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Property profile & analytics
OFF-MARKET
Turn key restaurants
73196 Hwy 111 Palm Desert, CA 92260-3902
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2374794
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1951
Construction
TILT-UP CONCRETE
Total area
3,078 SF
Lot
0.26 ac (11,325 SF)
Zoning code
C1SP
APN
627-071-042
UPID
US10-2374794
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shawkat,a W Trust · 10 yrs held
Shawkat,a W Trust
since 2015
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
$10,373
Tax year 2024
Assessed value
$841,420
Assessed 2024
Previous assessed
$841,420
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$261,129
Assessed improvement
$580,291
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1951
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,078 SF
Lot
0.26 ac (11,325 SF)
Zoning code
C1SP
APN
627-071-042
UPID
US10-2374794
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
1951
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Shawkat,a W Trust
Trust
Mailing address
51 CLANCY LN S, RANCHO MIRAGE, CA 92270-4524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2016
—
Abdul Wahab Swakat
—
Deed
related
$550,000 · Pacific Premier Bank
Nov 30, 2015
$725,000
Shawkat,a W Trust
Argyros,phillip D
Grant Deed
$400,000 · Phillip D Argyros
Nov 30, 2015
—
John Argyros
Argyros,terry A
Quit Claim Deed
related
—
Jul 17, 2015
$775,496
Phillip D Argyros
Ie Business Solutions|despras Michel Trust
Trustees Deed
related
—
Sep 19, 2013
$950,000
Despras,michel Trust
Gmpd LLC
Grant Deed
$744,822 · Phillip D Argyros
Feb 25, 2009
$1,050,000
Gmpd LLC
Argyros,john
Grant Deed
$945,000 · John Argyros
Apr 3, 2008
—
John Argyros
Argyros,terry A
Quit Claim Deed
related
—
Apr 3, 2008
$800,000
John Argyros
Wise,jack O
Grant Deed
—
Jan 21, 2004
$650,000
Jack O Wise
Shou,tr
Grant Deed
$550,000 · Shou Trust
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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