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Property profile & analytics
OFF-MARKET
Office buildings
28220 Avenida La Vis Cathedral City, CA 92234-8100
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3027902
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
WOOD
Total area
2,342 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R1
APN
675-145-016
UPID
US10-3027902
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
-
Hedstrom Eric R Law Firm
-
Law Office of Merele D. Chapman Law Firm
-
HPS Real Estate Development Construction Company General Contractor
-
Sema Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eric R Hedstrom · 7 yrs held
Eric R Hedstrom
since 2019
7 recorded transactions
Zoning & alternative use
R1 · Cathedral City, 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 Cathedral City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cathedral City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,708
Tax year 2024
Assessed value
$361,694
Assessed 2024
Previous assessed
$361,694
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$89,221
Assessed improvement
$272,473
Applied tax rate
19.0000
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
2002
Construction
WOOD
Heating
NONE
Stories
2
Total area
2,342 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R1
APN
675-145-016
UPID
US10-3027902
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1 · Cathedral City, CA
Zoning R1 · permitted uses
R1 · Cathedral City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cathedral City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Eric R Hedstrom
Individual
Mailing address
37484 BRADFORD DR, BERMUDA DUNES, CA 92203-4891
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2019
—
Eric R Hedstrom
Eric R Hedstrom
Quit Claim Deed
related
$150,000 · M & F Chapman Family Tr (pt)
Mar 11, 2019
$150,000
Eric R Hedstrom
Merele Chapman
Grant Deed
$150,000 · M & F Chapman Family Tr (pt)
Oct 25, 2018
—
Eric R Hedstrom
Calotsforsale Com
Quit Claim Deed
related
—
Jun 2, 2004
$416,500
Calotsforsale Com
R-way INC
Grant Deed
$300,000 · Sklar Trust
Dec 15, 2000
$30,000
R-way INC
Myers Trust
Grant Deed
$20,000 · Individual
Jun 1, 1989
$35,000
Myers Jerry F
Patynik Anthony
Grant Deed
—
—
—
R-way INC
—
Deed Of Trust
related
$200,000 · Psmc INC Psp
—
—
Calotsforsale Com
—
Deed Of Trust
related
$245,000 · Poist Rose V Trust (rt)
—
—
R-way INC
—
Deed Of Trust
related
$150,000 · Canyon National Bank
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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