Multi-Tenant Commercial Building For
68031 Ramon Rd, Cathedral City, CA 92234
Call to check price and availability
17,776 SF multi-tenant building with cannabis tenants.
Type:Retail
Property size:
17,776 SFPrice / SF:
$236/SF- Added:
- Jan 7, 2026
- Days on Market:
- 172
- Last Refresh:
- Mar 17 at 1:20 pm
Property Features for 68031 Ramon Rd
General Information
- Standard status
- Active
- Size
- 17,776 SF
- Property subtype
- Retail
Listing office Wilson Meade Commercial Real Estate (760) 779-8827
Listing date Jan 7, 2026
Source Crexi
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 Wilson Meade Commercial Real Estate
HighLights
- Prime location at a signalized corner on Ramon Road.
- Fully stabilized asset with long‑term tenants, including a licensed cannabis dispensary and consumption lounge, a state‑permitted cannabis testing laboratory, and a quick‑service restaurant.
- Significant capital improvements completed, including new HVAC systems, upgraded elevator, refreshed exterior paint, professional desert landscaping, and a comprehensive security system.
- Tenants have made substantial improvements.
- Rare opportunity to own cannabis‑zoned real estate.
- ±17,776 square foot multi‑tenant commercial building suitable for 1031 exchange or portfolio expansion.
Overview
This multi-tenant commercial building offers approximately 17,776 square feet of space in Cathedral City, situated on a signalized corner along Ramon Road. This location provides a direct link between Downtown Palm Springs and the I-10 freeway. The building has undergone capital improvements, including new HVAC systems, an upgraded elevator, refreshed exterior paint, desert landscaping, and a security system. The property is currently occupied by three long-term tenants: a licensed cannabis dispensary and consumption lounge, a state-permitted cannabis testing laboratory, and a quick-service fried chicken restaurant. The cannabis operators have made tenant improvements, demonstrating commitment to the location. This property offers infrastructure, compliance, and tenant stability. It is suited for investors seeking a 1031 exchange or looking to expand their portfolio with an income-producing asset.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $384.0k | $21.60 |
| − Vacancy | −$20.0k | −$1.12 |
| EGI | $364.0k | $20.48 |
| − OpEx | −$109.2k | −$6.14 |
| NOI | $254.8k | $14.33 |
17,776 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.64M
$3.18M – $4.25M
NOI $254,797 @ 7.0% cap · market cap 6.07%
Second Best
Specialty Retail
$3.20M
$2.80M – $3.74M
NOI $224,138 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$5.33M
$4.66M – $6.21M
NOI $372,777 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Dank DePot
(Bike/Boat/Book/etc) Store
Smoke Shop
(Bike/Boat/Book/etc) Store
Landau Laboratories, Inc ...
Laboratory
Leafwell - Medical Marijuana ...
Medical Clinic
Cluckin Bun
Take-out & Catering
Similar Places Nearby
- Century Plaza Shopping Center — 68535 Ramon Rd, Cathedral City, CA 92234
- Ramon Plaza — 68100 Ramon Rd, Cathedral City, CA 92234
- Cardenas — 31755 date palm dr, cathedral city, ca 92234
- Cathedral Village Shopping Center — 69115 Ramon Rd, Cathedral City, CA 92234
- Gentry Plaza — 68535 Ramon Rd, Cathedral City, CA 92234
Location Insight
- Map
- Local Demand
- City
- Cathedral City
- County
- Riverside
- State
- California
- Longitude
- -116.4748682
- Latitude
- 33.8153996
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 17,776 SF multi-tenant building with cannabis tenants.
Where is this shopping center located?
The property is located at 68031 Ramon Rd Cathedral City, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Prime location at a signalized corner on Ramon Road.; Fully stabilized asset with long‑term tenants, including a licensed cannabis dispensary and consumption lounge, a state‑permitted cannabis testing laboratory, and a quick‑service restaurant.; Significant capital improvements completed, including new HVAC systems, upgraded elevator, refreshed exterior paint, professional desert landscaping, and a comprehensive security system.
