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    Retail Building on Date Palm Title is generated by Realmo AI

    32475 Date Palm Dr, Cathedral City, CA 92234

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    For Lease
    $8,576/Mo $19 SF/Yr (calc)

    COMMERCIAL - Cathedral City, CA

    Type:Retail
    Property size:
    5,360 SF
    Lot size:
    0.41 Acres
    Added:
    Apr 21, 2025
    Days on Market:
    390
    Last Refresh:
    May 15 at 6:06 am

    Property Features for 32475 Date Palm Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Security features
    Security
    Standard status
    Active
    APN
    680292027
    Size
    5,360 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1991
    Floors in Building
    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 Apr 21, 2025

    MLS# 219128826

    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.
    • Two suites provide flexibility for owner/user or investment with rental income potential.
    • Renovated in 2026 to accommodate multiple uses, including medical or retail.
    • Easy access to I‑10 and Highway 111.
    • Located in an Opportunity Zone, offering potential tax incentives.
    • Less than 4 miles to Palm Springs International Airport.

    Overview

    This 5,360 square-foot, two-suite retail building is located on Date Palm Drive in Cathedral City. The suites were renovated in 2026 to accommodate multiple uses. The property is suitable for an owner/user or investment, offering the flexibility to occupy a portion of the space and lease out the remainder, or utilize the entire building. The location is suitable for a medical office or retail business. Situated on Date Palm Drive, a major corridor, the property provides convenient access to I-10 and Highway 111. The location benefits from high traffic counts of 50,351 cars per day. Palm Springs International Airport is less than 4 miles away. The 0.41-acre property is located in an Opportunity Zone, potentially offering tax incentives. The NNN charge is to be determined, but is estimated at $1.75 per square foot per month.
    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

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    FAQs

    What type of property is this?
    Retail space - Two-suite retail building in Cathedral City, renovated in 2026.
    Where is this retail space located?
    The property is located at 32475 Date Palm Dr Cathedral City, CA.
    What is the lease rate?
    The lease rate is $8,576 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on Date Palm Drive with 50,351 cars per day.; Two suites provide flexibility for owner/user or investment with rental income potential.; Renovated in 2026 to accommodate multiple uses, including medical or retail.
    (760) 360-8200
    We can help!
    Listing Contact
    Susan Harvey
    Susan Harvey
    Real Estate License ID: 00957590
    Learn More
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    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.

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