Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Building on Date Palm Title is generated by Realmo AI

    32475 Date Palm Dr, Cathedral City, CA 92234

    View on Map
    Claim this Listing
    For Sale
    $1,294,000

    COMMERCIAL - Cathedral City, CA

    Type:Retail
    Property size:
    6,560 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $197/SF
    Added:
    Mar 11, 2025
    Days on Market:
    432
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 32475 Date Palm Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    680292027
    Size
    6,560 SF
    Lot size
    0.41 Acres

    Building Details

    Year built
    1991
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Susan Harvey
    Susan Harvey

    Listing agent Susan Harvey License #00957590

    Listing office Desert Pacific Properties 44267 Monterey Ave Ste. A, La Quinta, CA

    Listing date Mar 11, 2025

    MLS# 219126308

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Date Palm Drive with 50,351 cars per day.
    • Renovated in 2026 to accommodate multiple uses, ideal for medical or retail.
    • Two‑suite building offering flexibility for owner/user or investment.
    • Located in an Opportunity Zone, offering potential tax incentives.
    • Easy access to I‑10 and Highway 111.
    • Less than 4 miles to Palm Springs International Airport.

    Overview

    This 6,560 square foot two-suite retail building is located on Date Palm Drive in Cathedral City. The property is suitable for an owner/user or investment. The suites were renovated in 2026 and can accommodate multiple uses. The location is suitable for a medical office or retail. Date Palm Drive is a major corridor with access to I-10 and Highway 111. The location has traffic counts of 50,351 cars per day. The property is less than 4 miles from Palm Springs International Airport. It is located in an Opportunity Zone, with potential for tax incentives. The lot size is 0.41 acres.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.15M
    NOI $103,068 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.47M
    NOI $103,068 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.06M
    NOI $103,068 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $150.4k $22.92
    − Vacancy −$12.9k −$1.97
    EGI $137.4k $20.95
    − OpEx −$34.4k −$5.24
    NOI $103.1k $15.71
    6,560 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.47M
    $1.29M – $1.72M (±1% cap)
    NOI $103,068 @ 7.0% cap · market cap 7.97%
    Second Best
    Retail
    $1.34M
    $1.18M – $1.57M (±1% cap)
    NOI $94,029 @ 7.0% cap · market cap 7.27%
    Theoretical Best
    Office A
    $1.97M
    $1.72M – $2.29M (±1% cap)
    NOI $137,569 @ 7.0% cap · market cap 10.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    2 River Labs ... Laboratory Tax Debt Relief Tax Preparation ARTHIEL barbershop and beauty ... Barber Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.458608
    Latitude
    33.812503

    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
    • $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
    • $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
    • $625,000
      4,000 SF

      Established Restaurant with Liquor License

      Profitable restaurant and catering business with Type 47 liquor license.
      69032 East Palm Canyon Drive, Cathedral City, CA 92234
      View Details
    • $10,950,000
      19,868 SF

      New Multifamily Units in Cathedral City

      19 multifamily units under construction, prime location, Q1 2026 completion.
      68550 Grove Street, Cathedral City, CA 92234
      View Details
    • $875,000
      6,000 SF

      Two Buildings in Opportunity Zone

      Two commercial buildings with multiple bays, ideal for automotive use.
      68361 Kieley, Cathedral City, CA 92234
      View Details
    • $155,000

      Resort-Style Living in Cathedral City

      Luxury RV in an all-age resort community.
      69411 Ramon, Cathedral City, CA 92234
      View Details

    FAQs

    What type of property is this?
    Retail space - Two-suite retail building in Cathedral City, great location.
    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 with 50,351 cars per day.; Renovated in 2026 to accommodate multiple uses, ideal for medical or retail.; Two‑suite building offering flexibility for owner/user or investment.
    (760) 360-8200
    We can help!
    Listing Contact
    Susan Harvey
    Susan Harvey
    Real Estate License ID: 00957590
    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
    32475 Date Palm 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!