Retail Building on Date
For Sale
Contact for pricing
32475 Date Palm Dr, Cathedral City, CA
Multi-tenant retail building ideal for owner/user or investment.
Property Size5,360 SF
Lot Size0.41 Acres
Price / SF$241.42
Days on Market518
Property Features for 32475 Date Palm Dr
General Information
Standard status
Active
Size
5,360 SF
Lot size
0.41 Acres
Property subtype
RETAIL
Properties For Sale
at 32475 Date Palm Dr Contact us- Floor
- 2
- Size
- 5,360 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
5,360 SF Retail Space For Lease
6,560 SF two-suite retail building on bustling Date Palm Drive in Cathedral City....
show more
Contact us
Listing Agency:
Desert Pacific Properties
(760) 250-8992
Listed By:
Susan Harvey · License #00957590
(760) 250-8992
Source:
Moodyscre
Added: Mar 11, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:00AM
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 6,560 square foot multi-tenant retail building is located on Date Palm Drive in Cathedral City. The property is suitable for an owner/user or investment and is ideal for medical office or retail use. Suite B was renovated in 2020 with over $500,000 in upgrades. The location on Date Palm Drive provides easy access to I-10 and Highway 111. Traffic counts reach 50,351 cars per day. The property is less than 4 miles from Palm Springs International Airport. It is located in an Opportunity Zone, offering potential tax incentives.
Key Highlights
- High traffic location on Date Palm Drive (50,351 cars per day).
- 6,560 SF multi‑tenant retail building suitable for owner/user or investment.
- Suite B renovated in 2020 with over $500,000 in upgrades.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,684,280
$1.7M
Cap Rate 7%
$1,203,057
$1.2M
Cap Rate 9%
$935,711
$935.7K
Market Conditions
NOI Build-Up for 5,360 SF
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.
Gross rent
$122.9K $22.92/SF
− Vacancy
−$10.6K −$1.97/SF
EGI
$112.3K $20.95/SF
− OpEx
−$28.1K −$5.24/SF
NOI
$84.2K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,684,280
Cap Rate 7%
$1,203,057
Cap Rate 9%
$935,711
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,214 @ 7.0% cap · market cap 6.51%
Second Best
Retail
$1.10M
$960.4K – $1.28M
NOI $76,829 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,404 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail building ideal for owner/user or investment.
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 $1,294,000.
What are key features of this property?
This property features: High traffic location on Date Palm Drive (50,351 cars per day).; 6,560 SF multi‑tenant retail building suitable for owner/user or investment.; Suite B renovated in 2020 with over $500,000 in upgrades.
