Two-Unit Tilt-Up Flex
For Sale
$1,200,000
68739 Summit Drive, Cathedral City, CA 92234
Commercial Sale, Cathedral City, CA
Property Size7,729 SF
Lot Size0.36 Acres
Price / SF$155.26
Days on Market87
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
Amenities
fenced parking area
Building Details
Year built
1973
Listing Agency:
Desert Pacific Properties
Listed By:
Paula Turner
(760) 360-8200
Added: Jul 27
Changed: Oct 21
Last Checked: Oct 21 at 9:06PM
MLS# 219154701
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.
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Investment Insights
Based on property information with market context.
This 7,729-square-foot flex property contains two units in a tilt-up industrial building on a 0.36-acre site. The front unit is configured for cannabis manufacturing, and the suites can be arranged flexibly. A fenced parking area is also on the property. The building dates to 1973.
The property is located in Cathedral City, California, at 68739 Summit Drive. Cannabis-related equipment and a license are offered separately for sale.
The property is located in Cathedral City, California, at 68739 Summit Drive. Cannabis-related equipment and a license are offered separately for sale.
Key Highlights
- Two‑unit, 7,729‑square‑foot tilt‑up industrial building
- 0.36‑acre site with fenced parking area
- Front unit built out for cannabis manufacturing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,070
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,541,400
$1.5M
Cap Rate 7%
$1,101,000
$1.1M
Cap Rate 9%
$856,333
$856.3K
Market Conditions
NOI Build-Up for 7,729 SF
Gross rent
$96.5K $12.48/SF
− Vacancy
−$5.8K −$0.75/SF
EGI
$90.7K $11.73/SF
− OpEx
−$13.6K −$1.76/SF
NOI
$77.1K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,541,400
Cap Rate 7%
$1,101,000
Cap Rate 9%
$856,333
Alternative Uses
Best Use
Warehouse
$1.10M
$963.4K – $1.28M
NOI $77,070 @ 7.0% cap · market cap 6.42%
Second Best
Industrial
$906.7K
$793.4K – $1.06M
NOI $63,469 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,083 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
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
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- 3Ten Cuisine — 37219 bankside dr, cathedral city, ca 92234
- New Leaf Catering — 69032 E Palm Canyon Dr, Cathedral City, CA 92234
Frequently Asked Questions
What type of property is this?
Flex space - A fenced parking area serves the building, with flexible suite configurations for industrial and service commercial uses.
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 $1,200,000.
What are key features of this property?
This property features: Two‑unit, 7,729‑square‑foot tilt‑up industrial building; 0.36‑acre site with fenced parking area; Front unit built out for cannabis manufacturing
