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Property profile & analytics
OFF-MARKET
Estimated value
$6,805,000
Manufacturing properties
68748 Perez Rd, Cathedral City, CA 92234-7218
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1994486
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Construction
WOOD
Total area
6,000 SF
Lot
0.27 ac (11,761 SF)
Zoning code
IP
APN
687-162-010
UPID
US09-1994486
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
-
Commercial Lending Cathedral City CA Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.81M
Owner & transaction history
Marmar Properties LLC · 4 yrs held
Marmar Properties LLC
since 2022
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
IP · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.1M
+207.5%
Apartment house (5+ units)
$5.9M
+197.3%
Neighborhood: shopping center
$5.2M
+158.6%
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
$6,665,000
ML approach
$6,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,140,000
Change: +208% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,940,000
Change: +197% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,165,000
Change: +159% · Conversion: Difficult
Blend value · Realmo final
$6.81M
Range $6.12M – $7.49M · ±10% · vs last sale $6.95M (Apr 1 2022)
Last sale anchor
$6.95M
Apr 1 2022
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
$1,134 / 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
$35,202
Tax year 2024
Assessed value
$2,893,288
Assessed 2024
Previous assessed
$2,893,288
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$532,972
Assessed improvement
$2,360,316
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
1973
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.27 ac (11,761 SF)
Zoning code
IP
APN
687-162-010
UPID
US09-1994486
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
COMMERCIAL (GENERAL)
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Marmar Properties LLC
Entity
Mailing address
3738 S BARRINGTON AVE, LOS ANGELES, CA 90066-3210
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$6,950,000
Marmar Properties LLC
Gerald M Jennings JR
Grant Deed
—
May 18, 2020
$1,900,000
Bypass,g & E Jennings Trust
Pechanga Properties LLC
Grant Deed
—
Aug 16, 2018
—
Pechanga Properties LLC
—
Deed
related
$588,500 · Tg Gold Properties LLC
Mar 17, 2017
$1,255,000
Pechanga Properties LLC
Barone Living Trust
Grant Deed
$588,500 · Private Individual
Jul 1, 2010
—
Anthony Barone
Barone,patricia
Affidavit Of Death
related
—
Jul 7, 2003
—
Barone,tr
Barone,anthony-patricia
Quit Claim Deed
related
—
May 1, 1988
$65,000
Barone Anthony
Klein Gary C
Grant Deed
related
$47,573 · Klein Gary C
—
—
Anthony Barone
—
Deed Of Trust
related
$80,000 · Rothstein Trust
—
—
Anthony Barone
—
Deed Of Trust
related
$280,356 · Valley Independent Bank
—
—
Anthony Barone
—
Deed Of Trust
related
$84,880 · Individual
—
—
Anthony Barone
—
Deed Of Trust
related
$40,000 · Rothstein Trust
—
—
Anthony Barone
—
Deed Of Trust
related
$241,500 · Valley Independent Bank
—
—
Barone Trust
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank
—
—
Pechanga Properties LLC
—
Deed Of Trust
related
$588,500 · Tg Gold Properties LLC
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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