Freestanding Retail
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For Sale
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68580 Ramon Rd, Cathedral City, CA 92234
CPS-zoned commercial property with freestanding construction near Palm Springs Airport.
Property Size5,571 SF
Price / SF$260.28
Days on Market6
Property Features for 68580 Ramon Rd
General Information
Standard status
Active
Size
5,571 SF
Total Parking Spaces
15
Property subtype
Retail
Zoning
CPS
Building Details
Buildings
1
Listing Agency:
Newmark Pacific Downtown LA
Listed By:
Steve Bernier · License #02241836
Source:
Crexi
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 9:59AM
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 Newmark Pacific Downtown LA
Investment Insights
Based on property information with market context.
This freestanding retail building contains 5,571 square feet and is offered for sale. The property is designated CPS zoning and provides a standalone commercial format for retail-oriented use.
Located at 68580 Ramon Rd in Cathedral City, California, the building is 2 miles from Palm Springs Airport. The property address is 68580 Ramon Rd, Cathedral City, CA 92234.
Located at 68580 Ramon Rd in Cathedral City, California, the building is 2 miles from Palm Springs Airport. The property address is 68580 Ramon Rd, Cathedral City, CA 92234.
Key Highlights
- 5,571 SF freestanding retail building
- CPS zoning designation
- Located 2 miles from Palm Springs Airport
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
$79,853
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
5.51%
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%
$1,597,060
$1.6M
Cap Rate 7%
$1,140,757
$1.1M
Cap Rate 9%
$887,256
$887.3K
Market Conditions
NOI Build-Up for 5,571 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
$120.3K $21.60/SF
− Vacancy
−$6.3K −$1.12/SF
EGI
$114.1K $20.48/SF
− OpEx
−$34.2K −$6.14/SF
NOI
$79.9K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /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%
$1,597,060
Cap Rate 7%
$1,140,757
Cap Rate 9%
$887,256
Alternative Uses
Best Use
Retail
$1.14M
$998.2K – $1.33M
NOI $79,853 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,828 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
189k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Groceries 27%
Dining 21%
Home Improvements & Furnishings 5%
Cardenas Market
Groceries
50,144 visits/mo
0.4 miles
Panda Express
Dining
17,216 visits/mo
0.4 miles
Circle K
Shops & Services
13,784 visits/mo
0.5 miles
Quick Quack Car Wash
Shops & Services
11,550 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
9,652 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.
Frequently Asked Questions
What type of property is this?
Retail space - CPS-zoned commercial property with freestanding construction near Palm Springs Airport.
Where is this retail space located?
The property is located at 68580 Ramon Rd Cathedral City, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 5,571 SF freestanding retail building; CPS zoning designation; Located 2 miles from Palm Springs Airport
