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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
34900 Date Palm Dr Cathedral City, CA 92234-6833
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1029525
Property summary
AI-generated overview
This exceptional investment opportunity presents a 2,490 square foot storefront located at 34900 Date Palm Drive, Cathedral City, CA 92234. The property, built in 1966, sits on a 0.31-acre lot and boasts a 100% occupancy rate with a long-term NNN lease in place. The single-tenant building is currently occupied by Lesley's Upholstery, providing a stable income stream. The property's strong financial performance is reflected in its $34,000 net operating income (NOI) and a 5.04% capitalization rate. Classified as a Class C retail/mixed-use property with PLC zoning, this asset offers significant potential for long-term growth. Situated on a highly trafficked area of Date Palm Drive in the heart of the Coachella Valley, this location ensures high visibility and accessibility. The property includes a billboard sign, generating additional income. This fully leased investment presents a compelling opportunity for portfolio diversification and steady income generation. The property features one single-story building. The APN is 673-172-014. This is a net lease investment.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
TILT-UP CONCRETE
Total area
2,490 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CP
APN
673-172-014
UPID
US09-1029525
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
-
Lesley's Upholstery Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$700k
Owner & transaction history
Pure Plata Inversion LLC · 1 yrs held
Pure Plata Inversion LLC
since 2025
Last sale
$675,000
4 recorded transactions
Zoning & alternative use
CP · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+37.7%
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
$860,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
RETAIL STORES
$780,000
Current use
AUTO REPAIR, GARAGE
$1,075,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$735,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $675k (Jan 31 2025)
Last sale anchor
$675k
Jan 31 2025
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
$281 / 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
$5,035
Tax year 2024
Assessed value
$400,322
Assessed 2024
Previous assessed
$400,322
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$94,532
Assessed improvement
$305,790
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,490 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CP
APN
673-172-014
UPID
US09-1029525
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Cathedral City, CA
Zoning CP · permitted uses
CP · 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
$780,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$735,000
MEDICAL BUILDING
Est. value
$680,000
OFFICE BUILDING
Est. value
$675,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Pure Plata Inversion LLC
Entity
Mailing address
69191 VERA DR, CATHEDRAL CITY, CA 92234-7066
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$675,000
Pure Plata Inversion LLC
Anne Marie Madison
Grant Deed
$575,000 · Madison Family Trust
Dec 29, 2000
$325,000
Madison Trust
Franklin,michael D
Grant Deed
—
Jan 14, 2000
$16,000
Michael D Franklion
Franklin,kathleen I
Grant Deed
related
—
Apr 7, 1993
$180,000
Franklin,trust
Henderson Mount
Grant Deed
$180,000 · Henderson Mount &
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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