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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Office buildings
777 Palm Cyn Dr Palm Springs, CA 92262-5546
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0644796
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
10,863 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C1
APN
505-283-008
UPID
US09-0644796
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
-
Reside Palm Springs Home Decor Store Department Store
-
Goldberg Carol P Physician
-
DRIVN (Bike/Boat/Book/etc) Store
-
Rockit Smokeshop (Bike/Boat/Book/etc) Store
-
North Palm Canyon Drive, Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.05M
Owner & transaction history
777 North Palm Canyon LLC · 1 yrs held
777 North Palm Canyon LLC
since 2024
7 recorded transactions
Zoning & alternative use
C1 · Palm Springs, 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 Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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%
$3,035,000
6.5%
$2,800,000
7%
$2,600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,745,000
Current use
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±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
$189 / 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
$22,334
Tax year 2024
Assessed value
$1,774,489
Assessed 2024
Previous assessed
$1,774,489
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$589,138
Assessed improvement
$1,185,351
Applied tax rate
11.0000
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
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Stories
2
Total area
10,863 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C1
APN
505-283-008
UPID
US09-0644796
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Palm Springs, CA
Zoning C1 · permitted uses
C1 · Palm Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
OFFICE BUILDING 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
1981
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
777 North Palm Canyon LLC
Entity
Mailing address
1187 COAST VLG RD STE #1, MONTECITO, CA 93108-2761
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2024
—
777 North Palm Canyon LLC
Benjamin Cobb Storck
Grant Deed
$1,500,000 · Selmanson Family Trust
Dec 6, 2018
—
Benjamin C Storck
Storck,benjamin C & Jason C
Quit Claim Deed
related
—
Mar 23, 2017
—
Benjamin C Storck
—
Grant Deed
related
$1,900,000
May 18, 2015
—
Benjamin C Storck
Storck,benjamin A
Quit Claim Deed
related
$1,040,000 · Zebra Trust (pt)
Mar 20, 2015
$1,200,000
Benjamin A Storck
Singer Family Trust
Grant Deed
—
Mar 20, 2015
—
Singer Family Trust
Singer Gerald M & Lillian
Affidavit Of Death
related
—
Sep 5, 2006
—
Singer Family Trust
Singer,gerald & Lillian
Quit Claim Deed
related
—
Nov 30, 2001
$750,000
Gerald Singer
Miller Trust
Grant Deed
—
Mar 3, 1999
—
Lawrence B Miller
Miller,geraldine F
Quit Claim Deed
related
—
Mar 3, 1999
$525,000
Miller,lawrence B
Dougherty-hanna Leasing Corp
Trustees Deed
$450,000 · Seller
Sep 1, 1989
—
Taubman Louis
Dougherty Hanna
Grant Deed
related
—
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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