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Property profile & analytics
OFF-MARKET
Estimated value
$3,340,000
Hotels
84096 Indio Spgs Dr Indio, CA 92203-3402
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-0651846
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Construction
WOOD
Total area
58,732 SF
Lot
2.95 ac (128,502 SF)
Zoning code
CT
APN
696-360-012
UPID
US09-0651846
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$3.34M
Owner & transaction history
Cho Park LLC · 20 yrs held
Cho Park LLC
since 2005
7 recorded transactions
Zoning & alternative use
CT · Indio, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±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
$57 / 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
$86,315
Tax year 2024
Assessed value
$5,148,394
Assessed 2024
Previous assessed
$5,148,394
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$853,870
Assessed improvement
$4,294,524
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
2
Total area
58,732 SF
Lot
2.95 ac (128,502 SF)
Zoning code
CT
APN
696-360-012
UPID
US09-0651846
Jurisdiction
RIVERSIDE
Zoning & alternative use
CT · Indio, CA
Zoning CT · permitted uses
CT · 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.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Stories
2
Lot
2.95 ac
Current owner
From public records · entity-resolved
Cho Park LLC
Entity
Mailing address
84096 INDIO SPGS DR, INDIO, CA 92203-3402
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Dec 8, 2023
—
Cho Park LLC
—
Deed
related
$2,947,000 · Ampac Tri State Cdc INC
Feb 10, 2017
—
Cho-park LLC
—
Deed
related
$6,100,000 · Bank Of Hope
Sep 16, 2005
—
Cho Park LLC
Cho Park LLC
Grant Deed
related
$3,250,000 · United Commercial Bank
Mar 30, 2001
$4,225,000
Holiday Inn Express
Cho,lorna J & William T
Grant Deed
$2,692,650 · Money Store Commercial Mtg
Apr 30, 1999
$3,650,000
Christina Jang
Moa Hospitality INC
Grant Deed
$2,350,000 · Hanmi Bank
Dec 15, 1995
—
Motels Of America INC
Casc Corp
Grant Deed
$1,000,000 · Casc Corp
Oct 1, 1989
$4,300,000
Big America INC
Mitsui Manufactu
Grant Deed
$3,275,000 · Mitsui Manufacturers Bank
—
—
Cho-park LLC
—
Deed Of Trust
related
$5,500,000 · Bbcn Bk
—
—
Holiday Inn Express
—
Deed Of Trust
related
$976,000 · Cdc Small Business Finance Co
—
—
Cho-park LLC
—
Deed Of Trust
related
$100,000 · Cascade Land Hm Financing
—
—
Cho-park LLC
—
Loan Modification
related
$6,100,000 · Bank Of Hope
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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