Auto Shop Retail
For Sale
$900,000
Pending
34820 Date Palm Drive, Cathedral City, CA 92234
For sale auto shop/automotive commercial property located in Riverside County.
Property Size3,006 SF
Days on Market65
Property Features for 34820 Date Palm Drive
General Information
Standard status
Pending
Size
3,006 SF
Building Details
Building Size
3,006 SF
Year Built
1978
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Paula Turner · License #00702492
(760) 360-8200
Source:
Evrealestate
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 10 at 4:25AM
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 for-sale auto shop/automotive commercial property is offered as a retail space suited for automotive-related operations. The property is listed with a total size of 3,006 square feet.
The asset is located at 34820 Date Palm Drive in Cathedral City, California, within Riverside County.
All information available at this time indicates the property is being marketed under auto shops and automotive retail/space categories for sale, with the stated building size of 3,006 square feet.
The asset is located at 34820 Date Palm Drive in Cathedral City, California, within Riverside County.
All information available at this time indicates the property is being marketed under auto shops and automotive retail/space categories for sale, with the stated building size of 3,006 square feet.
Key Highlights
- Commercial auto shop/automotive property for sale in Riverside County
- Built in 1978
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
$43,087
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
4.79%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 14%
Hotels & Casinos 7%
Home Improvements & Furnishings 5%
AMPM
Shops & Services
10,853 visits/mo
0.4 miles
ARCO
Shops & Services
7,261 visits/mo
0.4 miles
Denny's
Dining
5,877 visits/mo
0.2 miles
U.S. Bank
Shops & Services
4,298 visits/mo
0.4 miles
Palm Springs Ford
Shops & Services
3,961 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - For sale auto shop/automotive commercial property located in Riverside County.
Where is this auto shop located?
The property is located at 34820 Date Palm Drive 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: Commercial auto shop/automotive property for sale in Riverside County; Built in 1978
