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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Commercial land
68537 Grv St Cathedral City, CA 92234-1843
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4268442
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1946
Total area
648 SF
Lot
0.1 ac (4,356 SF)
Zoning code
R3
APN
687-197-005
UPID
US09-4268442
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Fenix Development LLC · 1 yrs held
Fenix Development LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
R3 · 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$665,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Oct 24 2024)
Last sale anchor
$550k
Oct 24 2024
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
$849 / 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
$1,633
Tax year 2024
Assessed value
$35,373
Assessed 2024
Previous assessed
$35,373
+0.0% YoY
Effective rate
4.62%
On assessed value
Assessed land
$35,373
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1946
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
648 SF
Lot
0.1 ac (4,356 SF)
Zoning code
R3
APN
687-197-005
UPID
US09-4268442
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Cathedral City, CA
Zoning R3 · permitted uses
R3 · 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
COMMERCIAL (GENERAL) Current
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1946
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Fenix Development LLC
Entity
Free & Clear · 1 yrs held
Mailing address
72877 DINAH SHR DR STE #103, RANCHO MIRAGE, CA 92270-2709
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
$550,000
Fenix Development LLC
Bravo Properties INC
Grant Deed
—
Dec 12, 2022
—
Bravo Properties INC
—
Deed
related
$1,500,000 · Bruce W Herren
Jul 13, 2021
$250,000
Bravo Properties INC
Valle Vista LLC
Grant Deed
$175,000 · Valle Vista LLC
Apr 25, 2018
—
City Urban Revitalization Corp
Successor Agcy To The Redev Ag
Grant Deed
related
—
Apr 12, 2018
—
City Urban Revitalization Corp
Successor Agcy To The Redev Ag
Grant Deed
related
—
Oct 11, 2017
$80,000
Valle Vista LLC
City Urban Revitalization Corp
Grant Deed
—
May 8, 2015
$329,000
City Urban Revitalization Corp
Redevelopment Agency Of City/cath
Grant Deed
—
May 26, 2006
—
Cathedral City Redev Agcy
Moore Family Trust
Grant Deed
—
Mar 25, 1998
$42,233
Moore Trust
Diprima,anthony S
Trustees Deed
—
Feb 17, 1994
$40,000
Anthony S Diprima
Moore Trust
Grant Deed
$38,000 · Seller
—
—
Anthony S Diprima
—
Deed Of Trust
related
$15,000 · Mortgage Concepts INC
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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