Entity Owned 
For Lease
1 / 76
$1,710,000
73321 Fred Waring Dr, Palm Desert, CA 92260
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Property summary
AI-generated overview
A two-story office building containing approximately 6,213 square feet of professional office space. The property features modern architectural design, desert landscaping, and ample on-site parking to accommodate clients, employees, and visitors. It is located at 73321 Fred Waring Drive in Palm Desert, with visibility along Fred Waring Drive and situated directly across from College of the Desert. The site has convenient access to Highway 111, Interstate 10, and El Paseo within the Coachella Valley business corridor.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
6,890 SF
Lot
0.25 ac (10,890 SF)
Zoning code
R207M
APN
627-041-046
UPID
US09-2719268
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Park
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.71M
Owner & transaction history
since 2026
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
R207M · Palm Desert, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.71M
Value range
$1.54M – $1.88M
±10% around blend
Estimated value / SF
$248 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
Income certainty
100
$1.54M
blend $1.71M
$1.88M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,890 SF
Lot area
0.25 ac
Year built
2005
Stories
2
APN
627-041-046
Zoning
R207M
Assessed value
$1,906,219
Annual tax
$23,440
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.78M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.93M
@ 6.5% CAP return
$1.78M
@ 7% CAP return
$1.65M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$23,440
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.06M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
46.4 mi away · 8,000 SF
47.0 mi away · 7,150 SF
67.5 mi away · 6,936 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.71M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 69 sales
$378
-34%
Submarket 92 sales
$372
-33%
County 622 sales
$272
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $248/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.39M
Move the market yield to see immediate price impact.
Value / SF
$202
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$88k
$1.76M
$1.26M
$976k
$98k
$1.95M
$1.39M
$1.08M
$107k
$2.15M
$1.53M
$1.19M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$2.50M
12.2 mi · Mar 2026 · $501/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$23,440
Tax year 2024
Assessed value
$1,906,219
Assessed 2024
Previous assessed
$1,906,219
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$273,408
Assessed improvement
$1,632,811
Applied tax rate
18.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2005
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
6,890 SF
Lot
0.25 ac (10,890 SF)
Zoning code
R207M
APN
627-041-046
UPID
US09-2719268
Jurisdiction
RIVERSIDE
Zoning & alternative use
R207M · Palm Desert, CAZoning R207M · permitted uses
R207M · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R207M
Jurisdiction
Palm Desert, CA
Recorded code
R207M
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R207M in Palm Desert, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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