Two Buildings in Opportunity
68361 Kieley Cathedral City, CA 92234
68361 Kieley, Cathedral City, CA, 92234
$875,000
For Sale
$875,000
Two commercial buildings with multiple bays, ideal for automotive use.
Property Size6,000 SF
Price / SF$145.83
Days on Market89
Property Features for 68361 Kieley
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing Agency
Heath Michael Hilgenberg
(760) 601-3000
Listed by
Alan Sarrail · License #01837253
(760) 601-3000
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:18 pm Checked: Jul 20 at 4:11 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heath Michael Hilgenberg
Investment Insights
Based on property information with market context.
Located in an Opportunity Zone, this property features two separate buildings, each exceeding 3,000 square feet. Currently operating as an auto repair business and a separate paint shop, each building includes three bays, bathrooms, an office, and a reception area. The property offers ample parking and storage space. The bike score is 6, indicating it is somewhat bikeable, while the walk score is 16, suggesting car dependence. The transit score is 30, indicating some transit options are available.
Key Highlights
- Located in an Opportunity Zone.
- Two separate buildings included in the sale.
- Each building is over 3,000 sqft.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.9k | $12.48 |
| − Vacancy | −$4.5k | −$0.75 |
| EGI | $70.4k | $11.73 |
| − OpEx | −$21.1k | −$3.52 |
| NOI | $49.3k | $8.21 |
6,000 SF · lease $12.48/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.43M
NOI $86,003 @ 7.0% cap · market cap 9.83%
Second Best
Industrial
$703.9K
$615.9K – $821.2K
NOI $49,271 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,825 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Phil's Immediate Care ...
Auto Repair Shop
TK's Classics Restying
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Palm Springs Lincoln Service — 69 200 CA-111, Cathedral City, CA 92234
- IA Prep + Design — 36777 Sunair Plaza, Cathedral City, CA 92234
- Palm Springs Lincoln Collision — 69 200 CA-111, Cathedral City, CA 92234
- Gonzalez General Auto Repair — 68365 Commercial Rd, Cathedral City, CA 92234
- J&E Auto Body & Paint — 36839 Bankside Dr, Cathedral City, CA 92234
FAQs
What type of property is this?
Auto shop - Two commercial buildings with multiple bays, ideal for automotive use.
Where is this auto shop located?
The property is located at 68361 Kieley Cathedral City, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Located in an Opportunity Zone.; Two separate buildings included in the sale.; Each building is over 3,000 sqft.
