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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Grocery and convenience stores
68395 Ramon Rd Cathedral City, CA 92234-3380
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3170355
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1984
Construction
TILT-UP CONCRETE
Total area
5,748 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CP
APN
680-221-028
UPID
US09-3170355
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
-
Primo Water Refill Big Box & Wholesale Store
-
El Super Toro Loco No 5 Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.34M
Owner & transaction history
Mona A Halum · 3 yrs held
Mona A Halum
since 2023
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
CP · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.9M
+6.2%
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
$1,415,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,270,000
7%
$1,175,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,800,000
Current use
INDUSTRIAL (GENERAL)
$1,915,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,700,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.30M (Apr 3 2023)
Last sale anchor
$1.30M
Apr 3 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
$232 / 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
$17,529
Tax year 2024
Assessed value
$1,393,859
Assessed 2024
Previous assessed
$1,393,859
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$214,439
Assessed improvement
$1,179,420
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,748 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CP
APN
680-221-028
UPID
US09-3170355
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
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.7M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Mona A Halum
Individual
Mailing address
55600 PEBBLE BCH, LA QUINTA, CA 92253-8616
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
—
Mona A Halum
Mona Halum
Intrafamily Transfer
related
—
Dec 18, 2019
$1,300,000
Mona Halum
Three M Fam Living Trust
Grant Deed
$1,250,000 · Three M Fam Living Trust
Aug 13, 2014
—
Three M F Living Trust
Ohanesian,marjorie A
Grant Deed
—
Nov 10, 2008
—
Marjorie A Ohanesian
Ohanesian,charles M & Marjorie A
Quit Claim Deed
related
—
Aug 16, 2004
—
Charles M Ohanesian
Ohanesian,charles N & Marjorie A
Quit Claim Deed
related
—
—
—
Charles M Ohanesian
—
Deed Of Trust
related
$50,000 · Pff Bank & Trust
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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