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Property profile & analytics
OFF-MARKET
Estimated value
$7,020,000
Apartment buildings
81860 Shadow Palm Ave Indio, CA 92201-4017
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0729600
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
WOOD
Total area
17,022 SF
Lot
4.74 ac (206,474 SF)
Zoning code
R3
APN
608-192-003
UPID
US09-0729600
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
-
Los Árboles Apartments Apartment Building
-
First class auto detail Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.24M
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$7.02M
Owner & transaction history
Mlmzg 14 LP · 3 yrs held
Mlmzg 14 LP
since 2023
7 recorded transactions
Zoning & alternative use
R3 · Indio, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.6M
+10.1%
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 Indio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indio 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%
$4,590,000
6.5%
$4,240,000
7%
$3,935,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,595,000
Current use
RESTAURANT
$10,565,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$7.02M
Range $6.32M – $7.72M · ±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
$412 / 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
$158,741
Tax year 2024
Assessed value
$10,637,080
Assessed 2024
Previous assessed
$10,637,080
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$2,122,416
Assessed improvement
$8,514,664
Applied tax rate
7.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Total area
17,022 SF
Lot
4.74 ac (206,474 SF)
Zoning code
R3
APN
608-192-003
UPID
US09-0729600
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Indio, CA
Zoning R3 · permitted uses
R3 · Indio, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indio. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.6M
RESTAURANT
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1975
Construction
WOOD
Heating
NONE
Stories
2
Units
2
Lot
4.74 ac
Current owner
From public records · entity-resolved
Mlmzg 14 LP
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2023
—
Mlmzg 14 LP
Spssm Investments III LP
Grant Deed
$21,569,200 · East West Bank
Jan 14, 2022
—
Spssm Investments III LP
5620 Tx Lincoln Arlington LLC
Intrafamily Transfer
related
$50,000 · Mechanics Bank
Oct 14, 2020
$10,000,000
5620 Tx Lincoln Arlington LLC
Pi Properties No 20 LLC
Grant Deed
—
Sep 21, 2012
$5,150,000
Pi Properties No 20 LLC
Flower Apartments LP
Grant Deed
—
Jun 1, 2007
—
Flower Apartments LP
Flower Apartments LP
Intrafamily Transfer
related
$6,270,000 · Citibank NA
Dec 20, 2002
$6,750,000
Flower Apartments Ltd
Los Arboles Villa LP
Grant Deed
—
Mar 16, 2000
$3,700,000
Los Arboles Villa LP
Ellermann,norman
Grant Deed
$2,775,000 · Rubicon Realty Capital Corp
—
—
Los Arboles Villa LP
—
Deed Of Trust
related
$3,450,000 · Fidelity Fsb
—
—
Amcap Columbia Associates LP
—
Deed Of Trust
related
$4,762,500 · Verdugo Trustee Svcs Corp
—
—
Flower Apartments
—
Deed Of Trust
related
$1,000,000 · Citibank West Fsb
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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