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Property profile & analytics
OFF-MARKET
Retail space
68470 Palm Cyn Dr Cathedral City, CA 92234-5400
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3503321
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.12 ac (5,227 SF)
Zoning code
CPS
APN
687-084-007
UPID
US09-3503321
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
-
Tolliver Income Tax Services Of The Desert Accounting Firm Tax Preparation
-
Alfredos Barbershop Barber Shop
-
Angel Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cathedral Shoppes LLC · 2 yrs held
Cathedral Shoppes LLC
since 2024
Last sale
$495,000
7 recorded transactions
Zoning & alternative use
CPS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,475
Tax year 2024
Assessed value
$450,698
Assessed 2024
Previous assessed
$450,698
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$135,206
Assessed improvement
$315,492
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Units
10
Lot
0.12 ac (5,227 SF)
Zoning code
CPS
APN
687-084-007
UPID
US09-3503321
Jurisdiction
RIVERSIDE
Zoning & alternative use
CPS · Cathedral City, CA
Zoning CPS · permitted uses
CPS · 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
Heating
NONE
Units
10
Lot
0.12 ac
Current owner
From public records · entity-resolved
Cathedral Shoppes LLC
Entity
Mailing address
4811 ICON WAY, PALM SPRINGS, CA 92262-0544
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$495,000
Cathedral Shoppes LLC
Showroom Properties INC
Grant Deed
$446,250 · Showroom Properties INC
Jun 4, 2024
—
Showroom Properties INC
Mark Mraz
Intrafamily Transfer
related
—
May 27, 2011
—
Mark Mraz
Mraz,carmen S
Quit Claim Deed
related
$250,000 · Michael Azzarella
Feb 22, 2008
$350,000
Mark Mraz
Mccarty,marilyn K
Grant Deed
—
—
—
Marilyn K Mccarthy
—
Deed Of Trust
related
$175,000 · Pff Bank & Trust
—
—
Marilyn K Mccarty
—
Deed Of Trust
related
$145,000 · S E Mattox Corp Psp
—
—
Marilyn K Mccarty
—
Deed Of Trust
related
$250,000 · Farber Jack H Trust
—
—
Mark Mraz
—
Deed Of Trust
related
$100,000 · Michael Azzarella
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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