Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Mission Dr Cathedral City, CA 92234

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $406,125

    Four lots available in Cathedral City's Dream Homes Community.

    Lot size:
    0.37 Acres

    Property Features for Mission Dr

    General Information

    Lot size
    0.37 Acres

    We can help!

    Listing Contact
    Fernando Ruiz
    Fernando Ruiz
    Source: Elliman

    Listing Agent: Fernando Ruiz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Cathedral City Land Opportunity

    Four lots are available for purchase as a whole in the Dream Homes Community of Cathedral City. The parcels have the following APN numbers: 677-382-005, 677-382-006, 677-382-007, and 677-382-008. This property presents a developer opportunity near Home Depot, Aldi, Marshall, and Wells Fargo. Water, electricity, and sewer appear to be available at the street, though no meters are currently installed. The property is sold AS IS, and buyers are advised to perform their own due diligence.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.485354
    Latitude
    33.824023

    Nearby Similar for Sale

    • $4,199,970
      16,500 SF

      Cathedral City Hotel Opportunity

      10-unit hotel near Highway 111 with development potential.
      67590 Jones Rd, Cathedral City, CA 92234
      View Details
    • New
      $550,000
      1,508 SF

      Upgraded Mid-Century Style Duplex

      Upgraded duplex with permitted ADU in desirable Cathedral City Cove.
      68286 Grandview Ave, Cathedral City, CA 92234
      View Details
    • New
      $225,000
      0.05 Acres

      Turnkey RV Resort Opportunity

      Premium lot with luxury RV in Outdoor Resorts Palm Springs.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $189,000
      0.05 Acres

      Golf Course Lot with RV

      Expanded lot with mountain and golf course views included RV.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $119,000
      Pending

      Premium Corner Lot with RV

      Corner lot with RV, golf course view, and amenities.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • New
      $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
    • $89,000
      0.05 Acres

      Cathedral City Land For Sale

      RV-compliant land in Cathedral City, ready for upcoming season.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $330,000
      0.05 Acres

      Immaculate Mobile Suite on Corner Lot

      Turnkey 2021 DRV Mobile Suite with premium outdoor upgrades.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $129,000
      0.05 Acres

      Upgraded Lot with Bunkhouse

      Enhanced lot with bunkhouse, turf, gazebo, and greenbelt.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $99,000
      0.05 Acres

      Corner Lot with Refurbished RV

      Turn-key corner lot with modern RV near pools.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $174,000
      0.05 Acres

      Golf Course View Lot

      Lot with golf course views, gazebo, and high-end furniture.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • New
      $155,000
      0.05 Acres

      RV Lot in Active Community

      Turnkey RV lot with upgrades in Cathedral City community.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details

    FAQs

    What type of property is this?
    Land - Four lots available in Cathedral City's Dream Homes Community.
    Where is this land located?
    The property is located at Mission Dr Cathedral City, CA.
    What is the asking price?
    The asking price for this property is $406,125.
    What are key features of this property?
    This property features: - Four contiguous lots being sold together.; - Developer opportunity in Cathedral City.; - Located in The Dream Homes Community.
    (760) 325-4500
    Request Owner's contact information
    Mission Dr Cathedral City, CA 92234
    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.
    Mission Dr
    Cathedral City, CA 92234
    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
    Mission Dr Cathedral City, CA 92234
    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

    We can help!
    Listing Contact
    Fernando Ruiz
    Fernando Ruiz
    (760) 325-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.