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Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Strip malls
35935 Date Palm Dr Cathedral City, CA 92234-6658
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2660521
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
WOOD
Total area
8,960 SF
Lot
6.43 ac (280,090 SF)
Zoning code
PCC
APN
687-060-073
UPID
US10-2660521
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
-
Mission Plaza Shopping Center Shopping Center & Mall
-
In-Shape Family Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
Western Alliance Bank · 3 yrs held
Western Alliance Bank
since 2023
Last sale
$2.0M
7 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
$2,120,000
ML approach
$2,005,000
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±10% · vs last sale $1.95M (Mar 27 2023)
Last sale anchor
$1.95M
Mar 27 2023
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
$218 / 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
$52,570
Tax year 2024
Assessed value
$4,167,120
Assessed 2024
Previous assessed
$4,167,120
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,063,866
Assessed improvement
$2,103,254
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
8,960 SF
Lot
6.43 ac (280,090 SF)
Zoning code
PCC
APN
687-060-073
UPID
US10-2660521
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
1981
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
6.43 ac
Current owner
From public records · entity-resolved
Western Alliance Bank
Entity
Mailing address
120 S SIERRA AVE, SOLANA BEACH, CA 92075-1873
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
—
Western Alliance Bank
Wh Mission Plaza LLC
Assignment Of Lease (leasehold Sale)
—
Mar 27, 2023
$1,951,500
Wh Mission Plaza LLC
Rr Mission Plaza LLC
Grant Deed
$6,625,000 · Western Alliance Bank
Oct 29, 2021
—
Wh Mission Plaza LLC
—
Deed
related
$6,625,000 · Western Alliance Bank
Aug 27, 2021
$1,875,000
Rr Mission Plaza LLC
E Kay Hillery
Grant Deed
—
Aug 27, 2021
—
Rr Mission Plaza LLC
E Kay Hillery
Assignment Of Sub Lease
—
Jun 4, 2020
—
Wh Mission Plaza LLC
—
Deed
related
$4,575,000 · Westcore Holdings LLC
Dec 3, 2018
—
Owner Name Unavailable
Hillery,robert A
Affidavit Of Death
related
—
Sep 6, 2011
—
Wh Mission Plaza LLC
—
Deed Of Trust
related
$3,185,000 · California Bank & Trust
Aug 17, 2011
—
Wh Mission Plaza LLC
35781-35935 Date Palm Drive Ho
Quit Claim Deed
related
—
Nov 16, 2010
$2,700,000
Date Palm Dr Holdi 35781-35935
Assured Lender Svcs INC
Trustees Deed
related
—
Feb 20, 2004
—
Mission Properties LP First
Pob Apollo Mission LP
Grant Deed
related
$4,335,000 · Gmac Commercial Mortgage Bank
Dec 9, 2003
—
Hillery,tr
Hillery,robert A
Quit Claim Deed
related
—
Dec 31, 2001
—
Pob Apollo Mission LP
—
Deed Of Trust
related
$81,000,000 · Gmac Commercial Mortgage Corp
Nov 23, 1999
—
Burnham Pacific Operating Ptsh
—
Deed Of Trust
related
$202,800,000 · General Electric Capital Corp
Jun 12, 1998
—
Burnham Pacific Operating Ptsh
Mission Hills Associates
Grant Deed
related
—
—
—
Wh Mission Plaza LLC
—
Deed Of Trust
related
$4,914,356 · California Bk&tr
—
—
Wh Mission Plaza LLC
—
Deed Of Trust
related
$4,575,000 · Westcore Holdings LLC
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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