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    67590 Jones Rd Cathedral City, CA 92234

    View on Map
    Sponsored
    For Sale
    $3,890,000

    COMMERCIAL - Cathedral City, CA

    Property size:
    16,500 SF
    Lot size:
    0.71 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 25 at 10:06 am

    Property Features for 67590 Jones Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security Lighting
    APN
    681310029
    Parking
    25
    Parking features
    Alley, On Street, Assigned, Covered, Garage, Offsite
    Exterior features
    Misting System, Lighting
    Size
    16,500 SF
    Lot size
    0.71 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Central

    Building Details

    Year built
    1989
    Building materials
    Plaster, Stucco
    Roof type
    Flat, Foam

    We can help!

    Listing Contact
    Slavyan Panayotov

    Windermere Real Estate

    Listing agent Slavyan S Panayotov

    Listing date Mar 23, 2026

    MLS# 219145273

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cathedral City Hotel Opportunity

    This property, located in Cathedral City, California, features a ten-unit hotel, previously a condominium complex. Conversion to a condominium or timeshare may still be possible. The property is situated away from Highway 111, yet within walking distance of Target, Boomers, Trader Joe's, restaurants, service plazas, car dealerships, and public transportation. Highway 111, the Coachella Valley's main thoroughfare, is also nearby. The property is currently operating as a hotel and is ready for further development. Each of the ten units includes two bedrooms and two bathrooms, and is fully furnished with slightly different layouts and furnishings. Some rooms are on the ground floor, while others are on the second level. The current owner resides on the property and operates it as a hotel, utilizing nine of the ten units. The property has an operating capacity of approximately 30%-35% and is advertised on AirB&B, with prices ranging from $300 to $900 per night, depending on the season and events such as the Coachella Valley Music Festival, Stagecoach Music Festival, and the Indian Wells Tennis Tournament. The property includes ten attached garages, four additional covered parking spaces, and seven extra parking spots, including one handicap space. The lot size is 0.71 acres and the property size is 16,500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Villa Mykonos Resort Hotel & Motel District East Security Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.482198
    Latitude
    33.791086

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    FAQs

    What type of property is this?
    Hotel - Ten-unit hotel near Highway 111 in Cathedral City.
    Where is this hotel located?
    The property is located at 67590 Jones Rd Cathedral City, CA.
    What is the asking price?
    The asking price for this property is $3,890,000.
    What are key features of this property?
    This property features: - High Income Potential: Proforma shows a potential net income of $344,879, with a 7.8% CAP rate.; - Prime Location: Walking distance to Target, Trader Joe's, restaurants, and public transportation; close to Hwy 111.; - Fully Furnished Units: All 10 units (2 bed/2 bath each) are fully furnished.
    (760) 408-4824
    Request Owner's contact information
    67590 Jones Rd Cathedral City, CA 92234
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    Cathedral City, CA 92234
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    67590 Jones Rd Cathedral City, CA 92234
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    Listing Contact
    Slavyan Panayotov
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