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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Manufacturing properties
74824 Lennon Pl Palm Desert, CA 92260-1901
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-0961734
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
TILT-UP CONCRETE
Total area
27,169 SF
Lot
1.56 ac (67,953 SF)
Zoning code
SISP
APN
624-290-044
UPID
US09-0961734
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
-
World Class Collision Jack's Body Works Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$3.96M
Blend (final)
Blend
$3.55M
Owner & transaction history
Lennon Place LLC · 13 yrs held
Lennon Place LLC
since 2013
7 recorded transactions
Zoning & alternative use
SISP · 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%
$3,720,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,870,000
Current use
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±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
$131 / 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
$37,179
Tax year 2024
Assessed value
$3,018,399
Assessed 2024
Previous assessed
$3,018,399
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$724,363
Assessed improvement
$2,294,036
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
27,169 SF
Lot
1.56 ac (67,953 SF)
Zoning code
SISP
APN
624-290-044
UPID
US09-0961734
Jurisdiction
RIVERSIDE
Zoning & alternative use
SISP · Palm Desert, CA
Zoning SISP · permitted uses
SISP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
INDUSTRIAL (GENERAL) Current
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
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Lennon Place LLC
Entity
Mailing address
74824 LENNON PL, PALM DESERT, CA 92260-1901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
—
Lennon Place LLC
—
Deed
related
$3,650,000 · First Citizens Bank & Trust Co
Sep 20, 2017
—
Lennon Place LLC
—
Deed
related
$3,856,612 · Cascade Advisory INC
Mar 11, 2013
$1,050,000
Lennon Place LLC
74824 Lennon Place LLC
Grant Deed
related
$1,620,000 · Community West Bank NA
Nov 30, 2009
$1,562,948
74824 Lennon Place LLC
First American Title Ins
Trustees Deed
related
—
Apr 1, 2009
—
Robert L Hess
Hess,robert L
Quit Claim Deed
related
—
Nov 17, 1994
$585,000
Robert L Hess
Len Cor Investments Ltd
Grant Deed
—
—
—
Robert L Hess
—
Deed Of Trust
related
$1,378,155 · American West Bank
—
—
Robert L Hess
—
Deed Of Trust
related
$1,150,000 · First Community Bank Of Desert
—
—
Robert L Hess
—
Deed Of Trust
related
$1,425,000 · Standard Insurance Co
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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