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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Warehouses
74789 Joni Dr Palm Desert, CA 92260-2069
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-3386765
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
2,200 SF
Lot
1.61 ac (70,131 SF)
Zoning code
MSC
APN
624-071-011
UPID
US09-3386765
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
-
Extra Space Storage Storage Facility
-
Vintage Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$665k
Owner & transaction history
Rpc Palm Desert Storage LLC · 8 yrs held
Rpc Palm Desert Storage LLC
since 2017
4 recorded transactions
Zoning & alternative use
MSC · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$950,000
+46.1%
Office building
$830,000
+28.0%
Retail stores
$830,000
+27.8%
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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$650,000
Current use
AUTO REPAIR, GARAGE
$950,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$830,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$830,000
Change: +28% · Conversion: Moderate
MEDICAL BUILDING
$600,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$302 / 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
$56,975
Tax year 2024
Assessed value
$4,632,745
Assessed 2024
Previous assessed
$4,632,745
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$939,263
Assessed improvement
$3,693,482
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
2,200 SF
Lot
1.61 ac (70,131 SF)
Zoning code
MSC
APN
624-071-011
UPID
US09-3386765
Jurisdiction
RIVERSIDE
Zoning & alternative use
MSC · Palm Desert, CAZoning MSC · permitted uses
MSC · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$950,000
OFFICE BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$830,000
MEDICAL BUILDING
Est. value
$600,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
1.61 ac
Current owner
From public records · entity-resolved
Rpc Palm Desert Storage LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2017
$7,419,000
Rpc Palm Desert Storage LLC
Palm Desert Self Storage Grp L
Grant Deed
$5,194,326 · Legacy Bk/tx
Oct 29, 2013
—
Palm Desert Self Storage Group
Kaplan Family Trust
Grant Deed
—
—
—
Palm Desert Self Storage Group
—
Deed Of Trust
related
$1,800,000 · Bbcn Bk
—
—
Palm Desert Self Storage Group
—
Deed Of Trust
related
$1,320,000 · Bbcn 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.
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