Commercial Building on Date
For Sale
$900,000
Pending
34820 Date Palm Dr, Cathedral City, CA 92234
3,006 SF commercial building with high-traffic frontage.
Property Size3,006 SF
Lot Size0.32 Acres
Days on Market179
Property Features for 34820 Date Palm Dr
General Information
Standard status
Pending
Size
3,006 SF
Lot size
0.32 Acres
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
Desert Pacific Properties Inc
Listed By:
Rebecca Ramirez · License #02050799
(760) 766-0517
Source:
Elliman
Added: Apr 24
Changed: Sep 4
Last Checked: Aug 7 at 5:57AM
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 Inc
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Investment Insights
Based on property information with market context.
This commercial building offers approximately 3,006 square feet of space on a lot of approximately 0.32 acres. The property benefits from high-traffic frontage on Date Palm Drive, providing strong daily exposure. It is currently configured as an established auto repair facility, presenting a rare opportunity for an owner-user. The property is secured with perimeter block wall fencing on three sides and a front gate, allowing for secure overnight parking. The flexible commercial zoning (PCC) offers various possibilities. The location has a Walk Score of 55, indicating it is somewhat walkable, and a Bike Score of 44, meaning it is somewhat bikeable.
Key Highlights
- High‑traffic frontage on Date Palm Dr provides strong daily exposure.
- Rare owner‑user auto repair facility.
- +/-3,006 SF commercial building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,087
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,740
$861.7K
Cap Rate 7%
$615,529
$615.5K
Cap Rate 9%
$478,744
$478.7K
Market Conditions
NOI Build-Up for 3,006 SF
Gross rent
$64.9K $21.60/SF
− Vacancy
−$3.4K −$1.12/SF
EGI
$61.6K $20.48/SF
− OpEx
−$18.5K −$6.14/SF
NOI
$43.1K $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%
$861,740
Cap Rate 7%
$615,529
Cap Rate 9%
$478,744
Alternative Uses
Best Use
Retail
$615.5K
$538.6K – $718.1K
NOI $43,087 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$352.6K
$308.6K – $411.4K
NOI $24,685 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$900.5K
$788.0K – $1.05M
NOI $63,038 @ 7.0% cap · market cap 7.00%
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
528
Businesses Nearby
108k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 34%
Shops & Services 28%
Electronics 1%
Food 4 Less
Groceries
40,584 visits/mo
0.3 miles
dd's DISCOUNTS
Shops & Services
15,927 visits/mo
0.4 miles
Jack in the Box
Dining
15,693 visits/mo
0.3 miles
Circle K
Shops & Services
7,668 visits/mo
0.3 miles
IHOP
Dining
7,461 visits/mo
0.4 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
Similar Off Market Nearby
- Performance Plus Automotive — 36033 Campbell St, Cathedral City, CA 92234
- South West Towing — 36069 Campbell St, Cathedral City, CA 92234
- Cat City Auto Body Inc — 68314 Kieley Rd, Cathedral City, CA 92234
- Palm Springs Kia Service Center — 68130 Kyle Rd suite a, Cathedral City, CA 92234
- Elite Tire and Automotive, Smog Check near — 68350 Kieley Rd, Cathedral City, CA 92234
Frequently Asked Questions
What type of property is this?
Auto shop - 3,006 SF commercial building with high-traffic frontage.
Where is this auto shop located?
The property is located at 34820 Date Palm Dr Cathedral City, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑traffic frontage on Date Palm Dr provides strong daily exposure.; Rare owner‑user auto repair facility.; +/-3,006 SF commercial building.
