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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Retail space
31855 Date Palm Dr Cathedral City, CA 92234-3100
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3042555
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
TILT-UP CONCRETE
Total area
12,120 SF
Lot
1.28 ac (55,756 SF)
Zoning code
A2
APN
678-330-025
UPID
US09-3042555
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
-
El Ranchito Taco Shop Restaurant
-
STV Audio Video Electronics & Wireless Store Big Box & Wholesale Store
-
Santos Cleaning LLC Hardware & Home Improvement
-
China 8 Restaurant
-
PRO STEAM CLEANING Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$2.52M
Owner & transaction history
Kenneth Jenkins · 5 yrs held
Kenneth Jenkins
since 2021
3 recorded transactions
Zoning & alternative use
A2 · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.0M
+6.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,895,000
6.5%
$2,675,000
7%
$2,480,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,800,000
Current use
INDUSTRIAL (GENERAL)
$4,035,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,580,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±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
$208 / 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
$25,965
Tax year 2024
Assessed value
$2,063,598
Assessed 2024
Previous assessed
$2,063,598
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$362,501
Assessed improvement
$1,701,097
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
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
12
Total area
12,120 SF
Lot
1.28 ac (55,756 SF)
Zoning code
A2
APN
678-330-025
UPID
US09-3042555
Jurisdiction
RIVERSIDE
Zoning & alternative use
A2 · Cathedral City, CA
Zoning A2 · permitted uses
A2 · 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
RETAIL STORES Current
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.6M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
12
Lot
1.28 ac
Current owner
From public records · entity-resolved
Kenneth Jenkins
Individual
Free & Clear · 5 yrs held
Mailing address
31505 DATE PALM DR, CATHEDRAL CITY, CA 92234-3138
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2021
—
Kenneth Jenkins
Kenneth Jenkins
Intrafamily Transfer
related
—
Mar 2, 2021
$5,375,000
Bernadine C King
F And F Investment Compan
Quit Claim Deed
related
—
Aug 28, 2020
—
F & F Inv Co
Golden Mile Inv Co
Quit Claim Deed
related
—
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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