Commercial Building on Date
For Sale
$900,000
Pending
34820 Date Palm Drive, Cathedral City, CA 92234
COMMERCIAL - Cathedral City, CA
Property Size3,006 SF
Lot Size0.32 Acres
Days on Market110
Property Features for 34820 Date Palm Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
336 - Cathedral City South
Standard status
Pending
APN
673172016
Size
3,006 SF
Lot size
0.32 Acres
Amenities
Perimeter block wall fencing
Front gate
Secure overnight parking
Building Details
Year built
1978
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Paula Turner · License #00702492
(760) 360-8200
Added: Apr 22
Changed: Aug 4
Last Checked: Aug 9 at 6:06PM
MLS# 219146810
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.
Investment Insights
Based on property information with market context.
This commercial building, totaling approximately 3,006 square feet, is situated in Cathedral City, CA. The property benefits from high-traffic frontage on Date Palm Drive, offering strong daily exposure. Currently operating as an auto repair facility, this property is suitable for an owner-user. The lot size is approximately 0.32 acres, providing ample yard space and flexibility. The property features perimeter block wall fencing on three sides, along with a front gate for secure overnight parking. The flexible commercial zoning (PCC) allows for a variety of uses. The established auto repair use presents a potential business opportunity.
Key Highlights
- High‑traffic frontage on Date Palm Dr provides strong daily exposure.
- Rare owner‑user auto repair facility.
- Flexible Commercial Zoning (PCC).
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
Lease Details
Yes
Fenced yard
Yes
Paved road access
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 - 3,006 SF commercial building with high-traffic frontage.
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: High‑traffic frontage on Date Palm Dr provides strong daily exposure.; Rare owner‑user auto repair facility.; Flexible Commercial Zoning (PCC).
