Single-Level Mixed-Use Commercial
68555 E Palm Canyon Dr Cathedral City, CA 92234
For Sale
$999,900
Pending
Single-level detached building on a lot with alley access, multiple entrances, and refurbished AC systems.
Property Size2,412 SF
Days on Market304
Property Features for 68555 E Palm Canyon Dr
General Information
- Standard status
- Pending
- Size
- 2,412 SF
Listing Agency:
OZA Realty
(760) 272-1284
Listed By:
Jose Espinoza · License #01754045
(760) 272-1284
Source:
Exprealty
Added: Sep 23, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:32AM
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 OZA Realty
Investment Insights
Based on property information with market context.
Single-level detached mixed-use commercial building currently owner-occupied as a law office. The property includes two main entrances, with rear handicap access, and a front door facing State Highway 111. Both AC systems were recently refurbished and are operating like new.
The site provides approximately 15 to 16 dedicated parking spaces and includes alley access. The lot has an approximately 52.67-foot frontage along E Palm Canyon Drive (State Highway 111) and is described as having mixed-use commercial zoning; the buyer should verify all permitted uses with the City, including potential restaurant use. The surrounding area is noted for retail and dining activity, with Cathedral City Hall across the street.
The offering is a 2,412-square-foot building representing approximately 40% lot coverage.
The site provides approximately 15 to 16 dedicated parking spaces and includes alley access. The lot has an approximately 52.67-foot frontage along E Palm Canyon Drive (State Highway 111) and is described as having mixed-use commercial zoning; the buyer should verify all permitted uses with the City, including potential restaurant use. The surrounding area is noted for retail and dining activity, with Cathedral City Hall across the street.
The offering is a 2,412-square-foot building representing approximately 40% lot coverage.
Key Highlights
- Single‑level mixed‑use commercial property with highway frontage on East Palm Canyon Dr (State Highway 111) in downtown Cathedral City
- Detached 2,412 SF building with approx. 40% lot coverage, alley access, and 15–16 dedicated parking spaces
- Zoned mixed use commercial; buyer to verify permitted uses with the City (potential restaurant use mentioned)
Financial Insights For Office B
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 | $55.3k | $22.92 |
| − Vacancy | −$4.8k | −$1.97 |
| EGI | $50.5k | $20.95 |
| − OpEx | −$12.6k | −$5.24 |
| NOI | $37.9k | $15.71 |
2,412 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$541.4K
$473.7K – $631.6K
NOI $37,897 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$493.9K
$432.2K – $576.2K
NOI $34,573 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$722.6K
$632.3K – $843.0K
NOI $50,582 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flickinger Philip H ...
Law Firm
Supreme Interiors & Carpeting
Interior Design
FAQs
What type of property is this?
Office building - Single-level detached building on a lot with alley access, multiple entrances, and refurbished AC systems.
Where is this office building located?
The property is located at 68555 E Palm Canyon Dr Cathedral City, CA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Single‑level mixed‑use commercial property with highway frontage on East Palm Canyon Dr (State Highway 111) in downtown Cathedral City; Detached 2,412 SF building with approx. 40% lot coverage, alley access, and 15–16 dedicated parking spaces; Zoned mixed use commercial; buyer to verify permitted uses with the City (potential restaurant use mentioned)
