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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Hotels
68300 Gay Resort Dr, Cathedral City, CA 92234-7701
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-1934417
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1956
Construction
WOOD
Total area
5,528 SF
Lot
2.02 ac (87,991 SF)
Zoning code
R302
APN
687-094-001
UPID
US09-1934417
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Western Xposure Travel Agency
-
Runway Bar & Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$520k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Altman,richard & Anne K Trust · 9 yrs held
Altman,richard & Anne K Trust
since 2016
7 recorded transactions
Zoning & alternative use
R302 · 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%
$565,000
6.5%
$520,000
7%
$485,000
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$115 / 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
$44,802
Tax year 2024
Assessed value
$2,463,458
Assessed 2024
Previous assessed
$2,463,458
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$390,259
Assessed improvement
$2,073,199
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
NONE
Buildings
5
Stories
1
Units
5
Total area
5,528 SF
Lot
2.02 ac (87,991 SF)
Zoning code
R302
APN
687-094-001
UPID
US09-1934417
Jurisdiction
RIVERSIDE
Zoning & alternative use
R302 · Cathedral City, CA
Zoning R302 · permitted uses
R302 · 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
1956
Construction
WOOD
Heating
NONE
Stories
1
Buildings
5
Units
5
Lot
2.02 ac
Current owner
From public records · entity-resolved
Altman,richard & Anne K Trust
Trust
Mailing address
68300 GAY RESORT DR, CATHEDRAL CITY, CA 92234-7701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2025
—
Richard Altman And Anne K Altman Tr
—
Deed
related
$6,000,000 · First Pacific Bank
Sep 13, 2018
—
Altman,richard & Anne K Trust
—
Deed
related
—
Dec 28, 2017
—
Altman,richard & Anne K Trust
—
Deed
related
$1,416,500 · Bank Of Sthrn Ca
Oct 3, 2016
—
Altman,richard & Anne K Trust
Altman,richard G & Anne K
Quit Claim Deed
related
—
May 27, 2004
—
Altman,tr
Altman,richard G & Anne K
Quit Claim Deed
related
—
Jul 21, 2003
—
Richard G Altman
Altman,tr
Quit Claim Deed
related
$2,500,000 · Telesis Community Cu
May 5, 2003
—
Altman,tr
Altman,richard G & Anne K
Quit Claim Deed
related
—
Sep 21, 1995
$310,500
Sunair Properties
Harper,dean & Natalie
Grant Deed
related
$160,344 · Seller
Mar 1, 1994
$215,000
Daniel Harper
Grubert,gordon J
Grant Deed
related
$535,000 · Seller
—
—
Gordon J Grubert
—
Deed Of Trust
related
$498,750 · Provident Savings Bank
—
—
Richard Altman
—
Deed Of Trust
related
$3,500,000 · Telesis Community Cu
—
—
Altman,richard & Anne K Trust
—
Deed Of Trust
related
$4,000,000 · Bank Of Sthrn Ca
—
—
Altman,richard & Anne K Trust
—
Deed Of Trust
related
$1,416,500 · Bank Of Sthrn Ca
—
—
Altman,richard & Anne K Trust
—
Loan Modification
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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