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Property profile & analytics
OFF-MARKET
Estimated value
$7,525,000
Retail space
803 Palm Cyn Dr Palm Springs, CA 92262-4437
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2611319
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
WOOD
Total area
17,480 SF
Lot
0.56 ac (24,393 SF)
Zoning code
C1
APN
505-283-024
UPID
US10-2611319
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
-
Christopher Anthony Ltd. (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
steven mccormick properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.37M
Blend (final)
Blend
$7.53M
Owner & transaction history
New Dawn Enterprises LLC · 2 yrs held
New Dawn Enterprises LLC
since 2023
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
C1 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.9M
+82.8%
Auto repair, garage
$7.6M
+27.1%
Apartment house (5+ units)
$7.4M
+24.0%
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
$7,710,000
ML approach
$7,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,940,000
Current use
RESTAURANT
$10,850,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,550,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,365,000
Change: +24% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,040,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$4,780,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$7.53M
Range $6.77M – $8.28M · ±10% · vs last sale $7.30M (Oct 31 2023)
Last sale anchor
$7.30M
Oct 31 2023
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
$430 / 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
$94,715
Tax year 2024
Assessed value
$7,300,000
Assessed 2024
Previous assessed
$7,300,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,150,000
Assessed improvement
$6,150,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
17,480 SF
Lot
0.56 ac (24,393 SF)
Zoning code
C1
APN
505-283-024
UPID
US10-2611319
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
RETAIL STORES Current
Est. value
$5.9M
RESTAURANT
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2007
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
New Dawn Enterprises LLC
Entity
Mailing address
3424 COUNTRY CLB DR, GLENDALE, CA 91208-1154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$7,300,000
New Dawn Enterprises LLC
803 N Palm Canyon Holdings LLC
Grant Deed
—
Jun 7, 2016
—
803 N Palm Canyon Holdings LLC
—
Deed
related
$2,700,000 · Mission FCU
Jan 29, 2016
$5,277,000
803 N Palm Canyon Holdings LLC
Magbond LLC
Grant Deed
—
Jan 27, 2016
—
Magbond LLC
803 N Palm Canyon LLC
Trustees Deed
related
—
Dec 21, 2015
—
Magbond LLC
803 N Palm Canyon LLC
Trustees Deed
related
—
Nov 16, 2015
—
Magbond LLC
803 N Palm Canyon LLC
Deed In Lieu Of Foreclosure
related
—
Mar 9, 2006
—
803 N Palm Canyon LLC
Desert Design Builders INC
Grant Deed
—
—
—
803 N Palm Canyon LLC
—
Deed Of Trust
related
$7,200,000 · Magbond LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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