Tilt-Up Industrial Building with Fenced
New
For Sale
$1,800,000
68739 Summit Drive, Cathedral City, CA 92234
COMMERCIAL - Cathedral City, CA
Property Size7,729 SF
Lot Size0.36 Acres
Price / SF$232.89
Days on Market4
Property Features for 68739 Summit Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
336 - Cathedral City South
Standard status
Active
APN
687162003
Size
7,729 SF
Lot size
0.36 Acres
Building Details
Year built
1973
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Paula Turner · License #00702492
(760) 360-8200
Added: Jul 27
Changed: Jul 29
Last Checked: Jul 30 at 7:06PM
MLS# 219150831
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit tilt-up industrial building offers fenced parking and flexible suite configurations for a variety of industrial, warehouse, and commercial users. The front unit is built out for cannabis manufacturing, and cannabis license and equipment are listed as available for sale.
The property totals 7,729 square feet and sits on a 0.36-acre lot.
Built as a two-unit structure with a dedicated fenced parking area, the layout supports multiple tenancy or an owner-user setup depending on how suites are configured.
The property totals 7,729 square feet and sits on a 0.36-acre lot.
Built as a two-unit structure with a dedicated fenced parking area, the layout supports multiple tenancy or an owner-user setup depending on how suites are configured.
Key Highlights
- 2‑unit tilt‑up industrial building built in 1973
- Front unit built out for cannabis manufacturing, with cannabis license and equipment available for sale
- Fenced parking area included on site
Financial Insights For Warehouse
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 | $96.5k | $12.48 |
| − Vacancy | −$5.8k | −$0.75 |
| EGI | $90.7k | $11.73 |
| − OpEx | −$13.6k | −$1.76 |
| NOI | $77.1k | $9.97 |
7,729 SF · lease $12.48/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.10M
$963.4K – $1.28M
NOI $77,070 @ 7.0% cap · market cap 4.28%
Second Best
Industrial
$906.7K
$793.4K – $1.06M
NOI $63,469 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,083 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- New Leaf Catering — 69032 E Palm Canyon Dr, Cathedral City, CA 92234
- 3Ten Cuisine — 37219 bankside dr, cathedral city, ca 92234
Frequently Asked Questions
What type of property is this?
Flex space - Two-unit tilt-up industrial property includes fenced parking and flexible suite configurations for a range of industrial users.
Where is this flex space located?
The property is located at 68739 Summit Drive Cathedral City, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 2‑unit tilt‑up industrial building built in 1973; Front unit built out for cannabis manufacturing, with cannabis license and equipment available for sale; Fenced parking area included on site
