Furnished Ten-Unit
For Sale
$3,599,890
67590 Jones Road, Cathedral City, CA 92234
Commercial Sale, Cathedral City, CA
Property Size16,500 SF
Lot Size0.71 Acres
Price / SF$218.18
Days on Market424
Property Features for 67590 Jones Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
25
Parking features
Alley, Covered, On Street, Offsite, Garage, Assigned
Security features
Security Lighting
Exterior features
Misting System, Lighting
Subdivision
336 - Cathedral City South
Standard status
Active
APN
681310029
Size
16,500 SF
Lot size
0.71 Acres
Utilities
Utilities
Electricity Available
Heating system
Forced Air, Central
Building Details
Year built
1989
Building materials
Plaster, Stucco
Roof type
Flat, Foam
Listing Agency:
Windermere Real Estate
(760) 660-6444
Listed By:
Slavyan S Panayotov · License #01728794
(760) 408-4824
Added: Aug 20, 2025
Changed: Oct 3
Last Checked: Oct 17 at 3:06AM
MLS# 219151829
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.
This 16,500-square-foot hotel property occupies 0.71 acres and includes 10 furnished units, each configured with two bedrooms and two bathrooms. The units are similar in overall layout, with variations in room arrangement and furnishings, and are positioned on the first and second levels. The property includes 10 attached garages, 4 additional covered parking spaces, and 7 extra parking spaces, including 6 regular spaces and 1 handicapped space. Construction features stucco and plaster, with central forced-air heating, flat and foam roofing, exterior lighting, and a misting system. Built in 1989, the property is currently operated as a hotel, with reported operating capacity of approximately 30%-35%. The site is located one street from Hwy 111 and within walking distance of retail, restaurants, service businesses, car dealerships, and public transportation. The property was previously a condominium complex, and the source information indicates that condominium or timeshare conversion may still be possible. A 9.5% pro forma cap rate is reported.
Key Highlights
- 16,500‑square‑foot hotel on 0.71 acres
- 10 furnished units, each with 2 bedrooms and 2 bathrooms
- 10 attached garages, 4 covered spaces, and 7 extra parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,104
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,022,080
$2.0M
Cap Rate 7%
$1,444,343
$1.4M
Cap Rate 9%
$1,123,378
$1.1M
Market Conditions
NOI Build-Up for 16,500 SF
Gross rent
$247.5K $15.00/SF
− Vacancy
−$34.7K −$2.10/SF
EGI
$212.9K $12.90/SF
− OpEx
−$111.7K −$6.77/SF
NOI
$101.1K $6.13/SF
Area
Riverside County, CA
Vacancy
14.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,022,080
Cap Rate 7%
$1,444,343
Cap Rate 9%
$1,123,378
Alternative Uses
Best Use
Hotel Hospitality
$1.44M
$1.26M – $1.69M
NOI $101,104 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.94M
$4.33M – $5.77M
NOI $346,018 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Hotel - Two-level hospitality property with furnished suites, attached garages, covered parking, and convenient access to area services.
Where is this hotel located?
The property is located at 67590 Jones Road Cathedral City, CA.
What is the asking price?
The asking price for this property is $3,599,890.
What are key features of this property?
This property features: 16,500‑square‑foot hotel on 0.71 acres; 10 furnished units, each with 2 bedrooms and 2 bathrooms; 10 attached garages, 4 covered spaces, and 7 extra parking spaces
