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Property profile & analytics
OFF-MARKET
Estimated value
$25,705,000
Retail space
34041 Date Palm Dr Cathedral City, CA 92234-6886
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2714234
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
WOOD
Total area
6,000 SF
Lot
0.8 ac (34,848 SF)
Zoning code
PCC
APN
687-440-022
UPID
US09-2714234
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
-
Subway Take-out & Catering
-
Tea be Honest Cafe & Coffee Shop
-
Sky Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$25.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.71M
Owner & transaction history
Cathedral City Venture LLC · 1 yrs held
Cathedral City Venture LLC
since 2024
Last sale
$25.7M
6 recorded transactions
Zoning & alternative use
PCC · 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
$25,705,000
ML approach
$25,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.71M
Range $23.13M – $28.28M · ±10% · vs last sale $25.71M (Sep 16 2024)
Last sale anchor
$25.71M
Sep 16 2024
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
$4,284 / 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
$15,025
Tax year 2024
Assessed value
$1,193,991
Assessed 2024
Previous assessed
$1,193,991
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$301,815
Assessed improvement
$892,176
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
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Total area
6,000 SF
Lot
0.8 ac (34,848 SF)
Zoning code
PCC
APN
687-440-022
UPID
US09-2714234
Jurisdiction
RIVERSIDE
Zoning & alternative use
PCC · Cathedral City, CA
Zoning PCC · permitted uses
PCC · 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
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Lot
0.8 ac
Current owner
From public records · entity-resolved
Cathedral City Venture LLC
Entity
Mailing address
2200 PASEO VERDE PKWY STE #260, HENDERSON, NV 89052-2703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2024
$25,705,000
Cathedral City Venture LLC
Mrof I Spe IV Cathedral LLC
Grant Deed
$20,860,000 · Crecfiv Holdings LLC
May 20, 2022
—
Mrof I Spe IV Cathedral LLC
—
Deed
related
$18,350,000 · Western Alliance Bank
Mar 31, 2022
$24,800,000
Mrof I Spe IV Cathedral LLC
Augusta Associates LP
Grant Deed
—
Jan 12, 2017
—
Augusta Associates LP
—
Grant Deed
related
$10,000,000 · Keybank USA
Jan 25, 2013
$16,000,000
34251 Date Palm Drive Holdings
Assured Lender Services
Trustees Deed
related
—
Apr 7, 2006
—
Bjs Cat-city LLC
Cathedral Cty Marketplace I Ll
Grant Deed
$25,250,000 · Bank Of America NA Bank Of America NA
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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