Two-Suite Retail
For Sale
Contact for pricing
Pending
32475 Date Palm Dr, Cathedral City, CA 92234
Two-suite retail building totaling 6,560 SF on Date Palm Drive, suited for owner-user or investment use.
Property Size6,560 SF
Days on Market583
Property Features for 32475 Date Palm Dr
General Information
Standard status
Pending
Size
6,560 SF
Property subtype
RETAIL
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Susan Harvey · License #00957590
(760) 250-8992
Source:
Moodyscre
Added: Mar 11, 2025
Changed: Oct 10
Last Checked: Oct 12 at 10:22PM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This property is a 6,560-square-foot two-suite retail building configured to support flexible use. The setup allows for an owner-user to occupy part of the building while leasing the remaining suite, or for an investor to manage the property as a whole.
The building is located on Date Palm Drive in Cathedral City, positioned along a busy corridor based on the property’s public remarks.
The offering is presented as suitable for both owner-users and investors, with the two-suite layout supporting separation of space between tenants or uses.
The building is located on Date Palm Drive in Cathedral City, positioned along a busy corridor based on the property’s public remarks.
The offering is presented as suitable for both owner-users and investors, with the two-suite layout supporting separation of space between tenants or uses.
Key Highlights
- 6,560 SF two‑suite retail building on Date Palm Drive in Cathedral City
- Two‑suite layout offers flexibility to occupy one portion and rent out the other
- Suitable for owner‑user use or investment property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,029
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,580
$1.9M
Cap Rate 7%
$1,343,271
$1.3M
Cap Rate 9%
$1,044,767
$1.0M
Market Conditions
NOI Build-Up for 6,560 SF
Gross rent
$141.7K $21.60/SF
− Vacancy
−$7.4K −$1.12/SF
EGI
$134.3K $20.48/SF
− OpEx
−$40.3K −$6.14/SF
NOI
$94.0K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,580
Cap Rate 7%
$1,343,271
Cap Rate 9%
$1,044,767
Alternative Uses
Best Use
Retail
$1.34M
$1.18M – $1.57M
NOI $94,029 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,569 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
355k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 25%
Shops & Services 21%
Home Improvements & Furnishings 3%
Cardenas Market
Groceries
50,144 visits/mo
0.5 miles
Stater Bros. Markets
Groceries
37,322 visits/mo
0.2 miles
McDonald's
Dining
31,672 visits/mo
0.5 miles
Starbucks
Dining
25,867 visits/mo
0.3 miles
Del Taco
Dining
18,036 visits/mo
0.3 miles
Demographics for 92234, CA
51,509
Population
23,114
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
3,480
Density / Sq Mi
$67,031
Median Household Income
$34,895
Median Earnings
$1,554
Median Rent
$420,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Two-suite retail building totaling 6,560 SF on Date Palm Drive, suited for owner-user or investment use.
Where is this retail space located?
The property is located at 32475 Date Palm Dr Cathedral City, CA.
What is the asking price?
The asking price for this property is $1,394,000.
What are key features of this property?
This property features: 6,560 SF two‑suite retail building on Date Palm Drive in Cathedral City; Two‑suite layout offers flexibility to occupy one portion and rent out the other; Suitable for owner‑user use or investment property
