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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Apartment buildings
73373 Country Clb Dr Palm Desert, CA 92260-8624
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3263075
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
1,116 SF
Lot
24.17 ac (1,052,845 SF)
Zoning code
C1
APN
622-370-012
UPID
US10-3263075
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
-
Sky Limit Fitness, LLC Gym & Fitness Center
-
Dr. Albert J. Katafias, DDS Dental Office
-
The Mariachi Academy Training Center Tutoring Service
-
The Regent Palm Desert Apartment Homes Apartment Building Apartment Complex
-
Desert Marketer Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Cc Cimarron LP · 10 yrs held
Cc Cimarron LP
since 2016
6 recorded transactions
Zoning & alternative use
C1 · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+62.4%
Neighborhood: shopping center
$960,000
+36.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$705,000
Current use
COMMERCIAL (GENERAL)
$1,140,000
Change: +62% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$699 / 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
$1,124,611
Tax year 2024
Assessed value
$74,278,088
Assessed 2024
Previous assessed
$74,278,088
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$16,174,244
Assessed improvement
$58,103,844
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
6
Bathrooms
2
Total area
1,116 SF
Lot
24.17 ac (1,052,845 SF)
Zoning code
C1
APN
622-370-012
UPID
US10-3263075
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Palm Desert, CA
Zoning C1 · permitted uses
C1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
6
Bathrooms
2
Lot
24.17 ac
Current owner
From public records · entity-resolved
Cc Cimarron LP
Entity
Mailing address
17992 COWAN, IRVINE, CA 92614-6026
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
$65,275,000
Cc Cimarron LP
Monarch Sevilla Venture LP
Grant Deed
$48,975,000 · Wells Fargo Bk
Nov 15, 2007
—
Monarch Sevilla Venture
Jh Palm Desert LLC
Grant Deed
—
Dec 10, 2001
—
Jh Palm Desert LLC
San Tropez Apartments Ca LP
Grant Deed
$30,942,000 · Berkshire Mortgage Finance Co
Dec 20, 1996
—
San Tropez Apartments
Te 3 Asset Corp
Grant Deed
$19,200,000 · Orix USA Corp
Feb 23, 1994
—
William Deleeuw
Westn Commun Dev
Grant Deed
related
—
—
—
Cc Cimarron LP
—
Loan Modification
related
$60,000,000 · Wells Fargo Bk
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.
Try Rey
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