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Property profile & analytics
OFF-MARKET
Turn key restaurants
69950 Frank Sinatra Dr Rancho Mirage, CA 92270-2831
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1644495
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1976
Construction
WOOD
Total area
3,810 SF
Lot
1.04 ac (45,302 SF)
Zoning code
A2
APN
689-040-021
UPID
US09-1644495
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
-
Foxy's Kitchen and Bar Restaurant
-
Shame On The Moon Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Seung Soo Lee · 3 yrs held
Seung Soo Lee
since 2023
6 recorded transactions
Zoning & alternative use
A2 · Rancho Mirage, 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 Rancho Mirage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Mirage 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,005
Tax year 2024
Assessed value
$1,451,785
Assessed 2024
Previous assessed
$1,451,785
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$595,076
Assessed improvement
$856,709
Applied tax rate
17.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
3,810 SF
Lot
1.04 ac (45,302 SF)
Zoning code
A2
APN
689-040-021
UPID
US09-1644495
Jurisdiction
RIVERSIDE
Zoning & alternative use
A2 · Rancho Mirage, CAZoning A2 · permitted uses
A2 · Rancho Mirage, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
Seung Soo Lee
Individual
Free & Clear · 3 yrs held
Mailing address
1921 S MANGRUM CT, LA HABRA, CA 90631-2078
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2023
—
Seung Soo Lee
Seung Soo Lee
Intrafamily Transfer
related
—
Jan 29, 2019
—
Lee,seung & Hyun Trust
Lee,seung S & Hyun S
Quit Claim Deed
related
—
Nov 28, 2017
—
Lee,seung & Hyun Trust
—
Deed
related
$2,500,000 · Bank Of Hope
Feb 14, 2008
—
Lee Seung & Hyun Trust
Lee,seung S & Hyun S
Quit Claim Deed
related
$2,025,000 · Standard Insurance Co
—
—
Shame On The Moon Restaurant
—
Deed Of Trust
related
—
—
—
Lee,seung & Hyun Trust
—
Deed Of Trust
related
$2,500,000 · Bank Of Hope
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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