Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    68599 E Palm Canyon Dr Cathedral City, CA 92234

    View on Map
    Claim this Listing
    For Sale
    $750,000

    LAND - Cathedral City, CA

    Lot size:
    0.15 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    53
    Last Refresh:
    May 8 at 6:06 am

    Property Features for 68599 E Palm Canyon Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CPS
    Standard status
    Active
    APN
    687-193-009
    Lot size
    0.15 Acres

    We can help!

    Listing Contact
    Kenward Cooper

    Listing agent Kenward Cooper License #02102516

    Listing office Beverly and Company, Inc. 15301 Ventura Blvd. Blgd B #315, SHERMAN OAKS, CA

    Listing date Mar 17, 2026

    MLS# 26665749 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on E. Palm Canyon Dr, a primary commercial corridor.
    • Excellent visibility and frontage.
    • Two contiguous parcels included (APNs 687‑193‑009, 687‑193‑008).
    • Close proximity to Agua Caliente Casino Cathedral City.
    • Near the forthcoming 19‑unit luxury community The Jasper.
    • Located in a rapidly evolving area with continued investment and development.

    Overview

    Prime Cathedral City Corridor Land

    This prime corridor land opportunity is located in the heart of Cathedral City. The property consists of two contiguous parcels (APNs 687-193-009, 687-193-008) situated at 68599 E. Palm Canyon Dr, offering excellent visibility and frontage along one of the area's primary commercial corridors. Positioned near established retail and entertainment destinations, including Agua Caliente Casino Cathedral City, the site is also moments from the forthcoming 19-unit luxury community The Jasper, the Cathedral Cove Shopping Center, and Starbucks. The location is within a rapidly evolving area experiencing continued investment and development. The property, with a lot size of 0.15 acres, is ideal for investors, developers, or owner-users seeking a strategic location with strong exposure. The zoning is CPS. The buyer is advised to verify zoning, utilities, and all development potential through their own investigation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. lita M. ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.465121
    Latitude
    33.779794

    Nearby Similar for Sale

    • $900,000
      3,006 SF

      Commercial Building on Date Palm

      3,006 SF commercial building with high-traffic frontage.
      34820 Date Palm Drive, Cathedral City, CA 92234
      View Details
    • $349,000

      Commercial Corner Lot in Cathedral

      Commercial corner lot in Cathedral City, close to Agua Caliente Casino.
      68280 E Palm Canyon Dr, Cathedral City, CA 92234
      View Details
    • $899,000
      3,533 SF

      Renovated Home with ADUs

      Renovated 4-bedroom home with two newly constructed attached ADUs.
      68870 Los Gatos Rd, Cathedral City, CA 92234
      View Details
    • $850,000
      4,442 SF

      Income-Generating Triplex in Cathedral City

      Residential income property with three units in a strong rental market.
      29395 Avenida La Paz, Cathedral City, CA 92234
      View Details
    • $1,575,000
      7,000 SF

      Cathedral City Retail/Commercial Building

      7,000 SF building on 0.91 acre lot for sale.
      30900 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $79,000

      Resort Property in Cathedral City

      Resort property with mature landscaping and outdoor entertaining space.
      69411 Ramon Road, Cathedral City, CA 92234
      View Details
    • $900,000
      3,006 SF

      Commercial Building on Date Palm

      3,006 SF commercial building with high-traffic frontage.
      34820 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $155,000

      RV Lot in Active Community

      Turnkey RV lot with upgrades in Cathedral City community.
      69411 Ramon Road, Cathedral City, CA 92234
      View Details
    • $55,000

      Land in Outdoor Resorts

      Land for sale in Cathedral City's Outdoor Resorts.
      69411 Ramon Road, Cathedral City, CA 92234
      View Details
    • $140,000

      Resort-Style Living in Cathedral City

      Luxury RV in a vibrant, all-age resort community.
      69411 Ramon Road, Cathedral City, CA 92234
      View Details
    • $140,000

      Commercial Parcel in Cathedral City

      High-exposure commercial land parcel in a busy retail corridor.
      Date Palm Drive, Cathedral City, CA 92234
      View Details
    • $59,500

      Cathedral City Land Opportunity

      Land in prime location with immediate usability and future potential.
      69411 Ramon Road, Cathedral City, CA 92234
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land opportunity in the heart of Cathedral City.
    Where is this commercial land located?
    The property is located at 68599 E Palm Canyon Dr Cathedral City, CA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime location on E. Palm Canyon Dr, a primary commercial corridor.; Excellent visibility and frontage.; Two contiguous parcels included (APNs 687‑193‑009, 687‑193‑008).
    (323) 683-0450
    We can help!
    Listing Contact
    Kenward Cooper
    Real Estate License ID: 02102516
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    68599 E Palm Canyon Dr, Cathedral City, CA 92234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!