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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Retail space
73399 El Paseo Palm Desert, CA 92260-4242
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2961910
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
WOOD
Lot
0.94 ac (40,946 SF)
Zoning code
C1
APN
627-251-003
UPID
US10-2961910
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
-
Martello Jewelers (Bike/Boat/Book/etc) Store
-
Jake Turner Salon & Spa Hair Salon Nail Salon
-
Le Paon Restaurant Restaurant
-
Savory Spice Shop Grocery & Convenience Store
-
Pandora Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Colonnade On El Paseo · 18 yrs held
Colonnade On El Paseo
since 2008
7 recorded transactions
Zoning & alternative use
C1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
—
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
$172,768
Tax year 2024
Assessed value
$14,071,207
Assessed 2024
Previous assessed
$14,071,207
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,610,752
Assessed improvement
$12,460,455
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
2009
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Units
12
Lot
0.94 ac (40,946 SF)
Zoning code
C1
APN
627-251-003
UPID
US10-2961910
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.
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Units
12
Lot
0.94 ac
Current owner
From public records · entity-resolved
Colonnade On El Paseo
Individual
Free & Clear · 18 yrs held
Mailing address
421 S BEVERLY DR FL, BEVERLY HILLS, CA 90212-4400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2011
—
Colonnade On El Paseo LP
—
Deed Of Trust
related
$13,074,770 · J P Morgan Chase Bank
Jun 6, 2008
—
Colonnade On El Paseo
Aflalo Family Trust
Grant Deed
—
Feb 21, 2006
$20,000,000
Desert El Paseo
Langman Family Trust
Grant Deed
$12,000,000 · Cathay Bank
Jan 29, 1992
$1,500,000
Langman Trust
Capri Internatio
Grant Deed
related
—
Oct 1, 1988
$1,175,000
Interstate Excha
Allison Lee M
Trustees Deed
—
Oct 1, 1988
$11,745
Capri Int
Interstate Excha
Trustees Deed
$675,000 · Lee Dan W
—
—
Colonnade On El Paseo LP
—
Deed Of Trust
related
$11,800,000 · Rabobank
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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