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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Manufacturing properties
68700 Smt Dr Cathedral City, CA 92234-7344
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-2958295
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
TILT-UP CONCRETE
Total area
7,086 SF
Lot
0.31 ac (13,503 SF)
Zoning code
IP
APN
687-161-007
UPID
US09-2958295
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
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$2.02M
Owner & transaction history
Leonid Polishuk · 1 yrs held
Leonid Polishuk
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
IP · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+29.7%
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
$2,545,000
ML approach
$2,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,360,000
Current use
AUTO REPAIR, GARAGE
$3,060,000
Change: +30% · Conversion: Easy
RETAIL STORES
$2,220,000
Change: -6% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,095,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±10% · vs last sale $1.90M (Nov 25 2020)
Last sale anchor
$1.90M
Nov 25 2020
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
$285 / 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
$28,552
Tax year 2024
Assessed value
$2,346,295
Assessed 2024
Previous assessed
$2,346,295
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$424,483
Assessed improvement
$1,921,812
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,086 SF
Lot
0.31 ac (13,503 SF)
Zoning code
IP
APN
687-161-007
UPID
US09-2958295
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Leonid Polishuk
Individual
Free & Clear · 1 yrs held
Mailing address
68700 SMT DR, CATHEDRAL CITY, CA 92234-7344
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
$200,000
Leonid Polishuk
Shahen Khacharyan
Trust Deed
related
—
Jul 8, 2022
—
Khachatryan Shahen
—
Deed
related
$1,000,000 · Leonid Polishuk
Nov 25, 2020
—
Khachatryan Shahen
Naira Iskandaryan
Quit Claim Deed
related
—
Nov 25, 2020
$1,900,000
Khachatryan Shahen
D & K LLC
Grant Deed
$1,100,000 · D&k LLC
Aug 26, 2016
$1,313,000
D&k LLC
William D Richardson
Grant Deed
$820,000 · Golden Bank NA
Apr 4, 2000
—
William D Etal Richardson
Richardson,william D Etux
Quit Claim Deed
related
—
Feb 1, 1989
$315,000
Willi Richardson
Visconti S Antho
Grant Deed
$228,000 · Visconti S Antho
Jan 1, 1988
$220,000
Visconti S Antho
Kenyo
Grant Deed
—
—
—
William D Richardson
—
Deed Of Trust
related
$270,000 · Golden Pacific Bank
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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