Two-Suite Retail
32475 Date Palm Drive, Cathedral City, CA 92234
For Sale
New
$1,394,000
Pending
Commercial Sale, Cathedral City, CA
Property Size6,560 SF
Lot Size0.41 Acres
Days on Market1
Property Features for 32475 Date Palm Drive
General Information
Property type
Property subtype
Subdivision
Standard status
APN
Size
Lot size
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Desert Pacific Properties
Listed By:
Susan Harvey · License CA #00957590
(760) 360-8200
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 219156044
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 6,560-square-foot retail building contains two suites, both renovated in 2026. The property was built in 1991 and occupies a 0.41-acre parcel on Date Palm Drive in Cathedral City.
Date Palm Drive is identified as a major corridor, with access to I-10 and Highway 111. Traffic is reported at 50,351 cars per day, and Palm Springs International Airport is less than 4 miles away. The property is within an Opportunity Zone.
Date Palm Drive is identified as a major corridor, with access to I-10 and Highway 111. Traffic is reported at 50,351 cars per day, and Palm Springs International Airport is less than 4 miles away. The property is within an Opportunity Zone.
Key Highlights
- Two‑suite retail building totaling 6,560 square feet
- Both suites renovated in 2026
- 0.41‑acre parcel on Date Palm Drive
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
50,351 VPD
Traffic count
Yes
Highway access
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
$420,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Riverside County, CA
Properties on Market for Retail space in Riverside County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Renovations completed in 2026 support a range of potential configurations across the two suites.
Where is this retail space located?
The property is located at 32475 Date Palm Drive 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: Two‑suite retail building totaling 6,560 square feet; Both suites renovated in 2026; 0.41‑acre parcel on Date Palm Drive
