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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Strip malls
68487 Palm Cyn Dr Cathedral City, CA 92234-5434
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1424628
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
WOOD
Total area
4,212 SF
Lot
1.53 ac (66,646 SF)
Zoning code
CPS
APN
687-095-012
UPID
US09-1424628
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
-
Men's Grooming Spot Alternative Medicine Practice Spa & Massage Center
-
Positive Heating & Cooling Co HVAC Service General Contractor
-
ELIVMA'S BOUTIQUE Clothing & Fashion Store
-
Redstar Plumbing & Heating Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Oracle Property Investment LP · 6 yrs held
Oracle Property Investment LP
since 2020
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
Method
Estimation
Statistic approach
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$128 / 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
$30,750
Tax year 2024
Assessed value
$1,929,960
Assessed 2024
Previous assessed
$1,929,960
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$804,150
Assessed improvement
$1,125,810
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
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
5
Total area
4,212 SF
Lot
1.53 ac (66,646 SF)
Zoning code
CPS
APN
687-095-012
UPID
US09-1424628
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
Year built
1981
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
5
Lot
1.53 ac
Current owner
From public records · entity-resolved
Oracle Property Investment LP
Entity
Mailing address
73585 FRED WARING DR STE #202, PALM DESERT, CA 92260-7802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2020
—
Oracle Property Investment LP
Morningstarplaza LLC
Quit Claim Deed
related
$1,100,000 · First Republic Bank
Dec 11, 2015
—
Morningstar Plaza LLC
Suresh C Shah
Grant Deed
—
Apr 30, 2008
$2,150,000
Shah Family Trust
Ascent Affiliates INC
Grant Deed
—
Oct 18, 2006
—
Ascent Affiliates INC
Willardsen Family Trust
Grant Deed
$1,800,000 · Preferred Bank
Jan 27, 2005
—
Willardsen Family 1983 Trust
Willardsen Family 1983 Trust
Quit Claim Deed
related
—
Mar 18, 2002
—
G Arthur Etal Willardsen
Willardsen,g Arthur Etal
Quit Claim Deed
related
—
Jan 20, 1994
$700,000
Willardsen G A
Ba Properties In
Grant Deed
$614,000 · Bank Of Commerce
Jan 28, 1993
$1,132,200
Ba Properties INC
Dunhan,c G
Trustees Deed
related
—
Feb 1, 1988
—
Noel I Hentschel
Hents
Quit Claim Deed
related
—
Feb 1, 1988
$142,000
Noel I Hentschel
Cathe
Trustees Deed
related
—
—
—
G A Willardsen
—
Deed Of Trust
related
$1,030,000 · Provident Savings Bank
—
—
Willardsen G A
—
Deed Of Trust
related
$162,000 · Bank Of Commerce
—
—
Shah Family Trust
—
Deed Of Trust
related
$1,250,000 · California 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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