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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Manufacturing properties
74830 Velie Way Palm Desert, CA 92260-7954
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3026933
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Construction
TILT-UP CONCRETE
Total area
14,694 SF
Lot
0.57 ac (24,829 SF)
Zoning code
MSC
APN
624-071-006
UPID
US10-3026933
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
-
Area 42 Workspace Car Wash
-
Pro-Tek Automotive Auto Repair Shop
-
Eduardo's Tile & Stone | ETS Renovation Specialist General Contractor
-
Elite Chapin Cabinet Fabricators General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$1.94M
Owner & transaction history
Us Bank NA Series 2007-3 · 14 yrs held
Us Bank NA Series 2007-3
since 2012
7 recorded transactions
Zoning & alternative use
MSC · 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%
$2,010,000
6.5%
$1,855,000
7%
$1,725,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,175,000
Current use
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±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
$132 / 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
$14,612
Tax year 2024
Assessed value
$1,183,123
Assessed 2024
Previous assessed
$1,183,123
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$283,704
Assessed improvement
$899,419
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
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
3
Total area
14,694 SF
Lot
0.57 ac (24,829 SF)
Zoning code
MSC
APN
624-071-006
UPID
US10-3026933
Jurisdiction
RIVERSIDE
Zoning & alternative use
MSC · Palm Desert, CA
Zoning 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
Palm Desert. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
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
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
Us Bank NA Series 2007-3
Entity
Mailing address
88 MANHATTAN AVE, MANHATTAN BEACH, CA 90266-6548
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jan 6, 2012
$1,020,000
Us Bank NA Series 2007-3
Fidelity National Title Co
Trustees Deed
related
—
Jan 5, 2001
$582,000
John Bell
Kelly Trust
Grant Deed
related
$538,463 · Seller
Jul 25, 1996
—
Daniel M Etal Kelly
Kelly,daniel M Etal
Quit Claim Deed
related
—
Jun 1, 1990
—
Kelly Daniel M
Kelly Daniel M
Quit Claim Deed
related
$525,000 · Security Pacific National Bank
May 1, 1989
—
Kelly Danile M
Kelly Daniel M
Quit Claim Deed
related
$363,000 · Palm Springs Savings Bank
—
—
John Bell
—
Deed Of Trust
related
$462,688 · Kelly Trust
—
—
John Bell
—
Deed Of Trust
related
$950,000 · Ge Capital Small Business Finl
—
—
Daniel J Kelly
—
Deed Of Trust
related
$122,000 · First Mortgage Corp
—
—
John Bell
—
Deed Of Trust
related
$428,000 · Farmers & Merchants Bk Lng Bch
—
—
Kelly Trust
—
Deed Of Trust
related
$375,000 · Valley Independent Bank
—
—
John Bell
—
Deed Of Trust
related
$1,501,000 · Greenpoint Mortgage Funding
—
—
John Bell
—
Deed Of Trust
related
$373,954 · Kelly Trust
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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