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Property profile & analytics
FOR SALE
Strip malls
67777 E Palm Canyon Dr Cathedral City, CA 92234
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3790426
For Sale
1 / 30
$6,700,000
67777 E Palm Canyon Dr, Cathedral City, CA 92234
View Listing →
Property summary
AI-generated overview
Desert Twins Plaza presents a unique investment opportunity in Cathedral City, California. This 23,500 square foot multi-tenant retail storefront, situated on 1.65 acres at 67777 E Palm Canyon Drive (Highway 111), enjoys unparalleled visibility as the most prominent property on this major thoroughfare. The property's prime location within Cathedral City's main shopping corridor places it in close proximity to a thriving retail environment, including major anchors such as Target and Trader Joe's, as well as the Cathedral City Auto Center with its numerous dealerships. Built in 1998 and zoned PCC, the property consistently maintains near 100% occupancy, demonstrating strong tenant demand and a stable income stream. Features include high drive-by traffic counts, convenient access, and ample private parking. The low net operating expenses, with NNN charges at $0.32 per square foot per month, further enhance the property's profitability. This exceptional location and strong operational history offer significant upside potential for investors seeking a high-performing retail asset in a dynamic market. The asking price is $6,700,000.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
WOOD
Total area
14,422 SF
Lot
1.65 ac (71,874 SF)
Zoning code
PCC
APN
687-510-019
UPID
US09-3790426
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
-
Thrifty Car Rental - Cathedral City Thrifty TLE Car Rental Facility
-
LEGENDARY GLUTE STUDIO Gym & Fitness Center
-
Palm Springs Consignment and Gallery Discount Store (Bike/Boat/Book/etc) Store
-
Hertz Car Rental - Cathedral City - Palm Canyon HLE Car Rental Facility
-
Stage To Sell Consignments Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$1.39M
Owner & transaction history
Standard Insurance Company · 5 yrs held
Standard Insurance Company
since 2021
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±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
$96 / 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
$44,895
Tax year 2024
Assessed value
$3,681,208
Assessed 2024
Previous assessed
$3,681,208
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,561,724
Assessed improvement
$2,119,484
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
For Sale
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
14,422 SF
Lot
1.65 ac (71,874 SF)
Zoning code
PCC
APN
687-510-019
UPID
US09-3790426
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
1987
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
1.65 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Mailing address
2118 WILSHIRE BLVD #718, SANTA MONICA, CA 90403-5704
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
—
Standard Insurance Company
Raffi S Agopian
Assignment Of Lease (leasehold Sale)
$2,700,000 · Standard Insurance Co
Feb 11, 2021
—
Raffi S Agopian
—
Deed
related
$2,815,000 · Commercial Capital Bidco INC
Sep 8, 2017
$2,000,000
Raffi S Agopian
Trezona Partners LLC
Grant Deed
$2,400,000 · Sce FCU
Dec 11, 2008
—
Hollister,t & J Family Trust
Tramview Land
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.
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