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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Manufacturing properties
36777 Sunair Plz Cathedral City, CA 92234-7608
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3180110
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Construction
TILT-UP CONCRETE
Total area
2,600 SF
Lot
0.33 ac (14,374 SF)
Zoning code
IP
APN
687-083-006
UPID
US09-3180110
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
-
IA Prep + Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.69M
Owner & transaction history
Innovative Automotive Holdings LLC · 3 yrs held
Innovative Automotive Holdings LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
IP · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+207.5%
Neighborhood: shopping center
$2.2M
+158.6%
Auto repair, garage
$1.1M
+29.7%
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
$1,780,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,660,000
Change: +208% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,240,000
Change: +159% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,125,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.63M (Feb 1 2023)
Last sale anchor
$1.63M
Feb 1 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
$650 / 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
$17,944
Tax year 2024
Assessed value
$1,344,360
Assessed 2024
Previous assessed
$1,344,360
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$413,100
Assessed improvement
$931,260
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Total area
2,600 SF
Lot
0.33 ac (14,374 SF)
Zoning code
IP
APN
687-083-006
UPID
US09-3180110
Jurisdiction
RIVERSIDE
Zoning & alternative use
IP · Cathedral City, CA
Zoning IP · permitted uses
IP · 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
COMMERCIAL (GENERAL)
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Innovative Automotive Holdings LLC
Entity
Mailing address
67615 E PALM CYN DR, CATHEDRAL CITY, CA 92234-5454
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
Innovative Automotive Holdings LLC
—
Deed
related
$592,000 · Lighthouse Fund LLC
Feb 1, 2023
$1,625,000
Innovative Automotive Holdings LLC
Sunair Plaza LLC
Grant Deed
$1,350,000 · Sunair Plaza LLC
Dec 30, 2008
—
Sunair Plaza LLC
Fotoohi,mike & Shabnam
Quit Claim Deed
related
—
May 11, 2005
$420,000
Mike Fotoohi
Donaldson,charles A JR & Marylyn C
Grant Deed
related
—
Dec 8, 2004
$417,987
Charles A Donaldson JR.
Chicago Title Co
Trustees Deed
—
Dec 3, 2003
—
King Of The Road Auto Sales In
Fini,hossein
Grant Deed
related
—
Mar 2, 2001
$325,000
Hossein Fini
Hollenbeck Trust
Grant Deed
$295,000 · Seller
—
—
Hossein Fini
—
Deed Of Trust
related
$500,000 · Charles A & Marylyn C Donaldson
—
—
Edwin C Hollenbeck
—
Deed Of Trust
related
$90,750 · Valley Independent Bank
—
—
Hossein Fini
—
Deed Of Trust
related
$203,660 · Desert Lexus
—
—
Hollenbeck Trust
—
Deed Of Trust
related
$85,750 · Valley Independent Bank
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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