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    68945 Perez Rd. Cathedral City, CA 92234

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    For Lease
    $0.95 SF/Yr

    Multi-tenant industrial showroom/warehouse in the Perez Road arts and design corridor.

    Type:Industrial Showroom/Warehouse Building
    Property size:
    29,416 SF
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 25 at 8:42 pm

    Property Features for 68945 Perez Rd.

    General Information

    Standard status
    Active
    Size
    29,416 SF
    Property subtype
    Industrial Showroom/Warehouse Building

    Building Details

    Year Built
    1995

    Spaces For Lease

    at 68945 Perez Rd. Contact us

    We can help!

    Listing Contact
    Michael Lyle
    Michael Lyle

    Listing agent Michael Lyle License #CalDRE #02002995

    Listing office Coldwell Banker Commercial Lyle & Associates

    Listing date Mar 5, 2026

    Source Cbclyle

    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 Coldwell Banker Commercial Lyle & Associates

    Overview

    Perez Road Industrial Showroom/Warehouse

    The property at 68945 Perez Rd. is a 29,416 SF multi-tenant industrial showroom/warehouse building situated in the Perez Road arts and design corridor in Cathedral City, CA. The building contains eight units, with one unit currently available, Suite 4, offering 6,748 SF. The property is positioned in Cathedral City, CA, within the Coachella Valley submarket, near Palm Springs. It is located along the Perez Road corridor, adjacent to Highway 111, which serves as the primary thoroughfare connecting the Coachella Valley cities. The property is near the intersection of Perez Road and Date Palm Drive, next to Dunn Edwards Paint. The surrounding area includes showrooms, light industrial businesses, offices, and retail spaces. The new Agua Caliente Casino is one block away. Perez Road in Cathedral City has been a design and art hub for over 30 years. The property features prominent signage due to its frontage on Perez Road. Parking is available at a ratio of 4 per 1000 SF. The building features 17 FT ceiling heights throughout. The property is under new ownership and management. It is adjacent to Dunn Edwards Paints and Caliber Collision.
    Location Intelligence

    Current Use by Public Records

    Pam's Party Rentals ... Event Planning JS Furniture & Mattresses Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cathedral City Mini Warehouse — 68300 kieley rd, cathedral city, ca 92234
    • S&D Receiving & Installation Warehouse — 36660 Bankside Dr Unit H, Cathedral City, CA 92234
    • StorWise Self Storage — 68300 kieley rd, cathedral city, ca 92234
    • Extra Space Storage — 69100 Converse Rd, Cathedral City, CA 92234
    • Extra Space Storage — 36000 Cathedral Canyon Dr, Cathedral City, CA 92234

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.459
    Latitude
    33.7818

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    FAQs

    What type of property is this?
    Warehouse - Multi-tenant industrial showroom/warehouse in the Perez Road arts and design corridor.
    Where is this warehouse located?
    The property is located at 68945 Perez Rd. Cathedral City, CA.
    What is the lease rate?
    The lease rate is $0.95 SF/Yr.
    What are key features of this property?
    This property features: Located in the established Perez Road arts and design corridor.; One block from the new Agua Caliente Casino.; Excellent parking ratio at 4 per 1000 SF.
    (760) 774-6533
    We can help!
    Listing Contact
    Michael Lyle
    Michael Lyle
    Real Estate License ID: CalDRE #02002995
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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