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Property profile & analytics
OFF-MARKET
Estimated value
$6,135,000
Warehouses
Palm Desert, CA 92260
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-1010943
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Construction
TILT-UP CONCRETE
Total area
24,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
SI
APN
624-071-050
UPID
US09-1010943
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
$3.68M
Comparable Approach
Comparable
$7.81M
Blend (final)
Blend
$6.14M
Owner & transaction history
City Of Palm Desert · 5 yrs held
City Of Palm Desert
since 2021
5 recorded transactions
Zoning & alternative use
SI · Palm Desert, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Service Industrial (SI). This district allows for the development of traditional business parks that allow for manufacture, distribution, research and development, and service of products intended for use within Palm Desert and surrounding communities. The district is characterized as having a more urban setting with buildings located near roadways, shared a…
Zone name
Service Industrial
General category
INDUSTRIAL
Zone area
349.14 ac
Top alternative use upside
Office building
$9.1M
+28.0%
Retail stores
$9.1M
+27.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,990,000
6.5%
$3,680,000
7%
$3,420,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,090,000
Current use
OFFICE BUILDING
$9,075,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$9,060,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$6.14M
Range $5.52M – $6.75M · ±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
$256 / 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
$95,253
Tax year 2024
Assessed value
$7,769,501
Assessed 2024
Previous assessed
$7,769,501
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,264,996
Assessed improvement
$6,504,505
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
2
Total area
24,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
SI
APN
624-071-050
UPID
US09-1010943
Jurisdiction
RIVERSIDE
Zoning & alternative use
SI · Palm Desert, CAZoning SI · permitted uses
SI · Palm Desert, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Service Industrial (SI). This district allows for the development of traditional business parks that allow for manufacture, distribution, research and development, and service of products intended for use within Palm Desert and surrounding communities. The district is characterized as having a more urban setting with buildings located near roadways, shared and connected parking, and streetscapes with formal street tree arrangements. ( Ord. 1259
Zone name
Service Industrial
General category
INDUSTRIAL
Zone area
349.14 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.1M
OFFICE BUILDING
Est. value
$9.1M
RETAIL STORES
Est. value
$9.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
2
Lot
2.02 ac
Current owner
From public records · entity-resolved
City Of Palm Desert
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
City Of Palm Desert
Rpc Palm Desert Storage LLC
Grant Deed
—
Nov 19, 2020
—
Rpc Palm Desert Storage LLC
Rpc Palm Desert Storage LLC
Quit Claim Deed
related
—
Oct 26, 2017
$7,419,000
Rpc Palm Desert Storage LLC
Palm Desert Self Storage Grp L
Trustees Deed
$5,194,326 · Legacy Bk/tx
—
—
Palm Desert Self Storage Group
—
Deed Of Trust
related
$1,320,000 · Bbcn Bk
—
—
Palm Desert Self Storage Group
—
Deed Of Trust
related
$1,800,000 · Bbcn Bk
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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