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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Manufacturing properties
74991 Velie Way Palm Desert, CA 92260-1915
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3256176
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Total area
10,904 SF
Lot
1.27 ac (55,321 SF)
Zoning code
IP
APN
624-072-009
UPID
US09-3256176
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
-
SiteOne Landscape Supply Garden Center Hardware & Home Improvement
-
Pacific Coast Construction & Stonework Construction Company
-
la Cocina de Mama Margarita Restaurant
-
Lesco Inc Garden Center Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.27M
Owner & transaction history
Obc Palm Desert LLC · 4 yrs held
Obc Palm Desert LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
IP · 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
$1,320,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
$1,490,000
6.5%
$1,380,000
7%
$1,280,000
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.08M (Nov 16 2021)
Last sale anchor
$1.08M
Nov 16 2021
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
$116 / 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
$13,848
Tax year 2024
Assessed value
$1,118,428
Assessed 2024
Previous assessed
$1,118,428
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$223,682
Assessed improvement
$894,746
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
1980
Heating
NONE
Stories
1
Total area
10,904 SF
Lot
1.27 ac (55,321 SF)
Zoning code
IP
APN
624-072-009
UPID
US09-3256176
Jurisdiction
RIVERSIDE
Zoning & alternative use
IP · Palm Desert, CAZoning IP · permitted uses
IP · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Obc Palm Desert LLC
Entity
Mailing address
135 MADISON AVE, NEW YORK, NY 10016-6712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
—
Obc Palm Desert LLC
—
Deed
related
$2,030,000 · Bayvanguard Bank
Nov 16, 2021
$1,075,000
Obc Palm Desert LLC
Katherine C Agnew
Grant Deed
$614,158 · Bayvanguard Bank
Nov 16, 2021
—
Silver Roof Realty LLC
Obc Palm Desert LLC
Agreement Of Sale
—
Dec 21, 2016
—
Agnew,mark R Trust
Agnew Family 1996 Trust
Quit Claim Deed
related
—
Mar 14, 2016
—
Agnew Family 1996 Trust
Ugm Ptshp
Quit Claim Deed
—
May 24, 1996
$670,000
Ugm Partnership
Hazel A Baker Estate
Grant Deed
—
—
—
Ugm Partnership
—
Deed Of Trust
related
$465,000 · Southern Pacific 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.
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