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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Manufacturing properties
68816 Smt Dr Cathedral City, CA 92234-7344
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3026650
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
WOOD
Total area
11,200 SF
Lot
0.42 ac (18,295 SF)
Zoning code
CBP2
APN
687-161-015
UPID
US10-3026650
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
-
Carpet & Flooring USA of Cathedral City Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$3.52M
Owner & transaction history
Four Palms Holdings LLC · 4 yrs held
Four Palms Holdings LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
CBP2 · Cathedral City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+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
$3,395,000
ML approach
$3,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,730,000
Current use
AUTO REPAIR, GARAGE
$4,835,000
Change: +30% · Conversion: Easy
RETAIL STORES
$3,510,000
Change: -6% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,310,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$3.52M
Range $3.16M – $3.87M · ±10% · vs last sale $3.54M (Apr 18 2022)
Last sale anchor
$3.54M
Apr 18 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
$314 / 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
$45,083
Tax year 2024
Assessed value
$3,705,383
Assessed 2024
Previous assessed
$3,705,383
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$740,764
Assessed improvement
$2,964,619
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
1972
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,200 SF
Lot
0.42 ac (18,295 SF)
Zoning code
CBP2
APN
687-161-015
UPID
US10-3026650
Jurisdiction
RIVERSIDE
Zoning & alternative use
CBP2 · Cathedral City, CA
Zoning CBP2 · permitted uses
CBP2 · 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
$3.7M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.3M
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
1972
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Four Palms Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
500 N CENTRAL AVE STE #600, GLENDALE, CA 91203-3340
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
Nov 30, 2022
—
Four Palms Holdings LLC
—
Deed
related
$1,300,000 · Quinn Real Estate LLC
Apr 18, 2022
$3,540,000
Four Palms Holdings LLC
Lakota Properties LLC
Grant Deed
—
Mar 7, 2022
—
Lakota Properties LLC
—
Deed
related
$235,000 · Steve Aguilar Etux
Dec 13, 2021
—
Lakota Properties LLC
Tribal Properties LLC
Grant Deed
—
Aug 5, 2021
—
Tribal Properties LLC
—
Deed
related
—
Dec 5, 2019
—
Tribal Properties LLC
—
Deed
related
$100,000 · Mark Parra
Feb 23, 2018
—
Tribal Properties LLC
Lakota Properties LLC
Quit Claim Deed
—
Sep 28, 2017
$2,300,000
Lakota Properties
Butte,victor P
Grant Deed
$1,200,000 · Victor P Butte
Oct 28, 2014
—
Victor P Butte
Butte Living Trust
Quit Claim Deed
related
—
Jun 18, 2003
$320,000
Butte,tr
Victory Tile & Marble INC
Grant Deed
—
Nov 30, 1998
$320,000
Victory Tile
Rees Trust
Grant Deed
$220,000 · Seller
Jun 23, 1997
—
Rees,alyce B Etal
Rees,alyce B
Quit Claim Deed
related
—
Mar 25, 1996
$566,695
Alyce B Rees
Graphic Arts Center
Trustees Deed
—
—
—
Tribal Properties LLC
—
Deed Of Trust
related
$100,000 · Mark Parra
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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