Freestanding Retail
For Sale
Contact for pricing
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 Market51
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: Oct 11
Last Checked: Oct 14 at 11:04PM
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
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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.
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 / Yr
$79,853
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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
