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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Retail space
68686 Smt Dr Cathedral City, CA 92234-7342
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3248491
Property summary
AI-generated overview
This exceptional 6,214-square-foot industrial property, located at 68686 Summit Drive in Cathedral City, California (zip code 92234), presents a unique investment opportunity. Built in 1970, this single-story building sits on a 0.4-acre lot and is zoned IP, allowing for flexible use. The property features multiple roll-up doors and boasts excellent street-front visibility, making it ideal for a variety of businesses. The large, secure, fenced yard provides ample space for storage or operations. This owner-user or investor opportunity is situated in a highly desirable area of Cathedral City's industrial sector, offering convenient access to the 10 Freeway and the greater Coachella Valley. The property's single unit configuration and substantial size make it a rare find in this competitive market. The asking price is $1,885,000. This is a chance to acquire a well-positioned industrial property with significant potential for growth and return on investment.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Total area
3,200 SF
Lot
0.4 ac (17,424 SF)
Zoning code
IP
APN
687-161-006
UPID
US09-3248491
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
-
AVRA Collision & Auto Body Shop Auto Repair Shop
-
Proper Garage Doors Building Supply General Contractor
-
Lin Portable Toilet Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.19M
Owner & transaction history
Haa Investments LLC · 5 yrs held
Haa Investments LLC
since 2021
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
IP · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+37.7%
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
$1,160,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,005,000
Current use
AUTO REPAIR, GARAGE
$1,380,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$945,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$875,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.20M (Apr 30 2021)
Last sale anchor
$1.20M
Apr 30 2021
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
$372 / 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
$15,510
Tax year 2024
Assessed value
$1,273,449
Assessed 2024
Previous assessed
$1,273,449
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$424,483
Assessed improvement
$848,966
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
1978
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
3,200 SF
Lot
0.4 ac (17,424 SF)
Zoning code
IP
APN
687-161-006
UPID
US09-3248491
Jurisdiction
RIVERSIDE
Zoning & alternative use
IP · Cathedral City, CA
Zoning IP · permitted uses
IP · 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
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$945,000
MEDICAL BUILDING
Est. value
$875,000
OFFICE BUILDING
Est. value
$870,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1978
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Haa Investments LLC
Entity
Mailing address
608 N BEL AIRE DR, BURBANK, CA 91501-1325
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$1,200,000
Haa Investments LLC
Catherine E Pirozzi
Grant Deed
$1,020,000 · Enterprise Bank & Trust
Sep 6, 2019
—
Emmons Family Trust
Emmons,darah A
Affidavit Of Death
related
—
Apr 27, 2006
—
Emmons Family Trust
Emmons,darah M
Quit Claim Deed
related
—
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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