Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Retail space
68510 Palm Cyn Dr Cathedral City, CA 92234-1300
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-4488011
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
WOOD
Total area
6,953 SF
Lot
0.57 ac (24,829 SF)
APN
687-475-008
UPID
US09-4488011
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
-
Coachella Valley Repertory Theater & Performing Art Venue
-
Luchador Brewing Company Production Facility Brewery & Distillery
-
Luchador Brewing Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.89M
Owner & transaction history
Coachella Valley Repertory · 3 yrs held
Coachella Valley Repertory
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+37.7%
Industrial (general)
$2.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,535,000
7%
$1,425,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,180,000
Current use
AUTO REPAIR, GARAGE
$3,000,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,315,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,055,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±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
$272 / 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
$11,710
Tax year 2024
Assessed value
$4,003,472
Assessed 2024
Previous assessed
$4,003,472
+0.0% YoY
Effective rate
0.29%
On assessed value
Assessed land
$524,302
Assessed improvement
$3,479,170
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
Year built
2000
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
6,953 SF
Lot
0.57 ac (24,829 SF)
APN
687-475-008
UPID
US09-4488011
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2000
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Coachella Valley Repertory
Individual
Free & Clear · 3 yrs held
Mailing address
68510 E PALM CYN DR STE #110, CATHEDRAL CITY, CA 92234-1300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
—
Coachella Valley Repertory
Coachella Valley Repertory
Intrafamily Transfer
related
—
Jun 9, 2022
—
Coachella Valley Repertory
City Of Cathedral City
Grant Deed
—
Mar 2, 2018
$1,000,000
Coachella Valley Repertory
City Urban Revitalization Corp
Grant Deed
$30,000 · City Urban Revitalization Corp
May 21, 2015
$853,000
City Urban Revitalization Corp
Redevelopment Agency Of City/cath
Grant Deed
—
Aug 16, 2012
—
City Of Cathedral City
Redevelopment Agency Of City/cath
Quit Claim Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 68510 Palm Cyn Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
