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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Office buildings
73929 Larrea St Palm Desert, CA 92260-4305
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1772088
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
WOOD
Total area
6,879 SF
Lot
0.46 ac (20,037 SF)
Zoning code
R320M
APN
627-273-007
UPID
US10-1772088
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
-
Borovac Michael D DDS Dental Office
-
Burke, Williams & Sorensen, LLP Law Firm
-
Hestia Counseling Marriage Or Relationship Counselor Corporate Office
-
Terri Lmft Shearer Marriage Or Relationship Counselor
-
Alejandro A Lcsw Reyes Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.97M
Owner & transaction history
Vahagn Ghazaryan · 1 yrs held
Vahagn Ghazaryan
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
R320M · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+14.2%
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%
$1,920,000
6.5%
$1,775,000
7%
$1,645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,600,000
Current use
AUTO REPAIR, GARAGE
$2,970,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$2,595,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $2.20M (Aug 26 2024)
Last sale anchor
$2.20M
Aug 26 2024
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
$286 / 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
$29,701
Tax year 2024
Assessed value
$2,048,088
Assessed 2024
Previous assessed
$2,048,088
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$546,155
Assessed improvement
$1,501,933
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
NONE
Stories
2
Total area
6,879 SF
Lot
0.46 ac (20,037 SF)
Zoning code
R320M
APN
627-273-007
UPID
US10-1772088
Jurisdiction
RIVERSIDE
Zoning & alternative use
R320M · Palm Desert, CA
Zoning R320M · permitted uses
R320M · 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
OFFICE BUILDING Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1993
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Vahagn Ghazaryan
Individual
Mailing address
19520 TUBA ST, NORTHRIDGE, CA 91324-1035
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Vahagn Ghazaryan
—
Deed
related
$1,200,000 · Haig And Nora Bedrossain Family Trust
Nov 26, 2024
$2,200,000
Vahagn Ghazaryan
Haig Bedrossian
Grant Deed
$1,760,000 · Harvest Small Business Finance LLC
Mar 16, 2017
$1,800,000
Halg Bedrossian
John Patrick Canavan
Grant Deed
$890,000 · Pacific Premier Bank
Jul 14, 2016
—
Bradford D Lee
Lee,darlene G
Affidavit Of Death
related
—
Feb 13, 2014
—
Lee,darlene G Trust
Lee Darlene Trust
Quit Claim Deed
related
—
Jan 7, 2014
—
Lee,darlene G Trust
Lee,darlene G
Quit Claim Deed
related
—
Dec 13, 2006
—
Canavan J & S Trust
Bristol Construction INC
Grant Deed
—
Aug 24, 1994
—
Bristol,constr
Canavan,john Etux
Trustees Deed
related
—
Jul 1, 1991
$215,000
John Canavan
Unknown
Grant Deed
—
—
—
Ivan F Lee
—
Deed Of Trust
related
$685,000 · Wells Fargo Bank
—
—
Bristol Construction INC
—
Deed Of Trust
related
$763,000 · Mariners Bank
—
—
John Canavan
—
Deed Of Trust
related
$750,000 · Nlsb
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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