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    68956 Perez Rd Cathedral City, CA 92234

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    For Lease
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    Retail and industrial spaces available for lease on Perez Road.

    Property Features for 68956 Perez Rd

    General Information

    Standard status
    Active

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    Listing Contact
    Cameron Rawlings
    Cameron Rawlings
    Source: Crexi

    Listing Agency: Wilson Meade Commercial Real Estate Listing Agent: Cameron Rawlings

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Perez Road Retail/Industrial Space

    Located at the corner of Perez Road and Date Palm Drive, this property offers spaces available for lease, ranging from 1,664 to 16,507 square feet. The endcap anchor space, suitable for a retail showroom, provides 8,709 square feet with frontage on both Date Palm Drive and Perez Road. Additionally, there are four smaller units available, ranging from 1,664 to 2,144 square feet. The property is zoned Light Industrial, allowing for a variety of uses.
    Location Intelligence

    Current Use by Public Records

    Halko milk (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    New Leaf Catering, 3Ten Cuisine

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.4584427
    Latitude
    33.7822993

    Nearby Similar for Lease

    • $0.95 SF/Yr

      Perez Road Industrial Showroom/Warehouse

      Multi-tenant industrial showroom/warehouse in the Perez Road arts and design corridor.
      68945 Perez Rd, Cathedral City, CA 92234
      View Details
    • $1.35 SF/Yr

      High-Traffic Retail Space Available

      Remodeled retail suites in high-profile Canyon Plaza East shopping center.
      67-555 East Palm Canyon Dr, Cathedral City, CA 92234
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    • $3,680 /Mo
      1,260 SF

      Retail Space in Vista Chino

      Retail space available in a busy, anchored shopping center.
      27800 Landau Blvd, Cathedral City, CA 92234
      View Details
    • $2.00 SF/Yr

      Ramon Road Retail Space

      Retail space undergoing renovations in Cathedral City.
      68225 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $5,695 /Mo
      3,153 SF

      Former Firehouse in Downtown Cathedral

      Iconic firehouse for lease with flexible zoning and high visibility.
      36805 Cathedral Canyon Dr, Cathedral City, CA 92234
      View Details
    • $3 SF/Yr

      Retail/Medical Office Endcap Space

      Prime endcap available for restaurant, retail, or medical office.
      69-020 Ramon Rd, Cathedral City, CA 92270
      View Details
    • Contact for pricing

      Retail Building on Date Palm

      Multi-tenant retail building in Cathedral City, fully leased.
      32475 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • Contact for pricing

      Retail Space Near Agua Caliente

      Retail/commercial space with high visibility and abundant parking.
      69020 East Palm Canyon Dr, Cathedral City, CA 92234
      View Details
    • $4,400 /Mo

      Cathedral City Retail Property

      Retail property with attention-getting curb appeal in Cathedral City.
      68845 Perez Rd, Cathedral City, CA 92234
      View Details
    • Contact for pricing
      574 SF

      Cathedral City Office Space

      Office space available for lease in Cathedral City.
      35325 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • Contact for pricing

      Renovated Retail Building on 7.51 Acres

      Recently renovated 80,633 SF retail building on 7.51 acres.
      35900 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • Contact for pricing

      Prime Retail Suites in Cathedral City

      Office and retail suites in downtown business corridor for rent.
      67555 E Palm Canyon Dr, Cathedral City, CA 92234
      View Details

    FAQs

    What type of property is this?
    Flex space - Retail and industrial spaces available for lease on Perez Road.
    Where is this flex space located?
    The property is located at 68956 Perez Rd Cathedral City, CA.
    What are key features of this property?
    This property features: - Prime corner location at Perez Road and Date Palm Drive.; - **Large 8,709 SF endcap anchor space with frontage on two major roads.**; - Flexible space options: 1,664 SF - 16,507 SF available for lease.
    (760) 779-8827
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    68956 Perez Rd Cathedral City, CA 92234
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    Cathedral City, CA 92234
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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
    68956 Perez Rd Cathedral City, CA 92234
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    Listing Contact
    Cameron Rawlings
    Cameron Rawlings
    Real Estate License ID: 02102158
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