Auto Repair Business
For Sale
$875,000
68361 Kieley, Cathedral City, CA 92234
Two buildings with bays, offices, and parking for sale.
Property Size6,400 SF
Lot Size0.42 Acres
Price / SF$136.72
Days on Market150
Property Features for 68361 Kieley
General Information
Standard status
Active
Size
6,400 SF
Lot size
0.42 Acres
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
KELLER WILLIAMS-LA QUINTA
(760) 601-3000
Listed By:
ALAN SARRAIL · License #01837253
Source:
Corcoran
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 KELLER WILLIAMS-LA QUINTA
Investment Insights
Based on property information with market context.
Located within an Opportunity Zone, this property features two separate buildings available for sale. Each building offers over 3,000 square feet of space and includes 3 bays, bathrooms, an office, and a reception area. Currently operating as an auto repair business and a separate paint shop, the property provides options for various business uses. The property offers ample parking and storage space. The total property size is 6,400 square feet.
Key Highlights
- Opportunity Zone location offers potential tax benefits and investment incentives.
- Two separate buildings, each over 3,000 sqft, provide flexibility for various business uses.
- Each building includes 3 bays, bathrooms, office, and reception area, suitable for auto‑related or other businesses.
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
$52,556
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
6.01%
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%
$1,051,120
$1.1M
Cap Rate 7%
$750,800
$750.8K
Cap Rate 9%
$583,956
$584.0K
Market Conditions
NOI Build-Up for 6,400 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
$79.9K $12.48/SF
− Vacancy
−$4.8K −$0.75/SF
EGI
$75.1K $11.73/SF
− OpEx
−$22.5K −$3.52/SF
NOI
$52.6K $8.21/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /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%
$1,051,120
Cap Rate 7%
$750,800
Cap Rate 9%
$583,956
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,736 @ 7.0% cap · market cap 10.48%
Second Best
Industrial
$750.8K
$657.0K – $875.9K
NOI $52,556 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,213 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
52k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 14%
Home Improvements & Furnishings 5%
Hotels & Casinos 4%
AMPM
Shops & Services
10,853 visits/mo
0.5 miles
Toyota of the Desert
Shops & Services
7,435 visits/mo
0.4 miles
ARCO
Shops & Services
7,261 visits/mo
0.5 miles
Taco Bell
Dining
7,194 visits/mo
0.4 miles
Quick Quack Car Wash
Shops & Services
4,596 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
- Palm Springs Lincoln Service — 69 200 CA-111, Cathedral City, CA 92234
- IA Prep + Design — 36777 Sunair Plaza, Cathedral City, CA 92234
- Palm Springs Lincoln Collision — 69 200 CA-111, Cathedral City, CA 92234
- Gonzalez General Auto Repair — 68365 Commercial Rd, Cathedral City, CA 92234
- J&E Auto Body & Paint — 36839 Bankside Dr, Cathedral City, CA 92234
Frequently Asked Questions
What type of property is this?
Auto shop - Two buildings with bays, offices, and parking for sale.
Where is this auto shop located?
The property is located at 68361 Kieley Cathedral City, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Opportunity Zone location offers potential tax benefits and investment incentives.; Two separate buildings, each over 3,000 sqft, provide flexibility for various business uses.; Each building includes 3 bays, bathrooms, office, and reception area, suitable for auto‑related or other businesses.
