Two Buildings in Opportunity
For Sale
$875,000
68361 Kieley, Cathedral City, CA 92234
Two commercial buildings with multiple bays, ideal for automotive use.
Property Size6,400 SF
Price / SF$145.83
Days on Market186
Property Features for 68361 Kieley
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Industrial
Building Details
Building Size
6,400 SF
Year Built
1980
Listing Agency:
Heath Michael Hilgenberg
Listed By:
Alan Sarrail · License #01837253
(760) 601-3000
Source:
Elliman
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 24 at 5:05PM
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 Heath Michael Hilgenberg
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in an Opportunity Zone, this property features two separate buildings, each exceeding 3,000 square feet. Currently operating as an auto repair business and a separate paint shop, each building includes three bays, bathrooms, an office, and a reception area. The property offers ample parking and storage space. The bike score is 6, indicating it is somewhat bikeable, while the walk score is 16, suggesting car dependence. The transit score is 30, indicating some transit options are available.
Key Highlights
- Located in an Opportunity Zone.
- Two separate buildings included in the sale.
- Each building is over 3,000 sqft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,271
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,420
$985.4K
Cap Rate 7%
$703,871
$703.9K
Cap Rate 9%
$547,456
$547.5K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$74.9K $12.48/SF
− Vacancy
−$4.5K −$0.75/SF
EGI
$70.4K $11.73/SF
− OpEx
−$21.1K −$3.52/SF
NOI
$49.3K $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 Rate 5%
$985,420
Cap Rate 7%
$703,871
Cap Rate 9%
$547,456
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.43M
NOI $86,003 @ 7.0% cap · market cap 9.83%
Second Best
Industrial
$703.9K
$615.9K – $821.2K
NOI $49,271 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,825 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Palm Springs Lincoln Collision — 69 200 CA-111, Cathedral City, CA 92234
- Palm Springs Lincoln Service — 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
- IA Prep + Design — 36777 Sunair Plaza, Cathedral City, CA 92234
Frequently Asked Questions
What type of property is this?
Auto shop - Two commercial buildings with multiple bays, ideal for automotive use.
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: Located in an Opportunity Zone.; Two separate buildings included in the sale.; Each building is over 3,000 sqft.
