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Property profile & analytics
FOR LEASE
Retail space
28401 Date Palm Dr Cathedral City, CA 92234
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3147040
For Lease
1 / 30
$3,200/Mo
28401 Date Palm Dr, Cathedral City, CA 92234
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
TILT-UP CONCRETE
Total area
4,000 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CPS
APN
675-164-043
UPID
US10-3147040
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
-
Outstanding Vision Care - Dr. Ramsey Katan Physician
-
Thousand palms Church
-
KATAN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$483k
Blend (final)
Blend
$705k
Owner & transaction history
Vahe Avedian · 5 yrs held
Vahe Avedian
since 2020
Last sale
$595,000
7 recorded transactions
Zoning & alternative use
CPS · 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
Method
Estimation
Statistic approach
$745,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$820,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,095,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$1,085,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $595k (Dec 29 2020)
Last sale anchor
$595k
Dec 29 2020
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
$176 / 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
$7,943
Tax year 2024
Assessed value
$631,418
Assessed 2024
Previous assessed
$631,418
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$185,711
Assessed improvement
$445,707
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,000 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CPS
APN
675-164-043
UPID
US10-3147040
Jurisdiction
RIVERSIDE
Zoning & alternative use
CPS · Cathedral City, CA
Zoning CPS · permitted uses
CPS · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
OFFICE 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
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Vahe Avedian
Individual
Mailing address
1940 HILLDALE DR, LA CANADA, CA 91011-3003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 29, 2020
$595,000
Vahe Avedian
Katan Business Center LLC
Grant Deed
—
Aug 28, 2018
—
Katan Business Center LLC
—
Deed
related
$320,000 · Bank Of America
Feb 28, 2014
—
Katan Business Center LLC
Katan,ramsey
Quit Claim Deed
—
Oct 13, 2011
$350,000
Ramsey Katan
Compass Bk
Quit Claim Deed
related
—
Oct 13, 2011
—
Ramsey Katan
Jammalieh,fidaa F
Grant Deed
related
—
Jun 10, 2011
$294,400
Compass Bk
Sbs Trust Deed Network
Trustees Deed
related
—
Sep 30, 2004
$500,000
Rosalio Plata
Beall Family Trust
Grant Deed
$400,000 · Guaranty Bank
May 21, 1997
—
Eugene R Etal Beall
Beall,eugene R Etal
Quit Claim Deed
related
—
—
—
Katan Business Center LLC
—
Deed Of Trust
related
$320,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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