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Property profile & analytics
FOR SALE
Office buildings
73993 Us Highway 111 Palm Desert, CA 92260
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2077494
For Sale
1 / 2
$2,950,000
73993 Us Highway 111, Palm Desert, CA 92260
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD
Total area
9,506 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1SP
APN
627-222-058
UPID
US10-2077494
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
$2.45M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.13M
Owner & transaction history
Portola 111 Re Venture LLC · 8 yrs held
Portola 111 Re Venture LLC
since 2018
3 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,655,000
6.5%
$2,450,000
7%
$2,275,000
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±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
$224 / 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
$43,327
Tax year 2024
Assessed value
$2,342,584
Assessed 2024
Previous assessed
$2,342,584
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$459,590
Assessed improvement
$1,882,994
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
For Sale
Year built
2000
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
9,506 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C1SP
APN
627-222-058
UPID
US10-2077494
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
2000
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Portola 111 Re Venture LLC
Entity
Mailing address
4124 KONYA DR, TORRANCE, CA 90503-2406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2019
—
Portola 111 Re Venture LLC
—
Deed
related
$800,000 · City National Bank
Mar 7, 2018
$2,100,000
Portola 111 Re Venture LLC
Bmr International I LLC
Grant Deed
$800,000 · Jorge Joya
Mar 31, 2008
$3,625,000
Bmr International I LLC
Sherman Shrader Enterprises
Grant Deed
$2,100,000 · Washington Mutual Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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