Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Agua Caliente Title is generated by Realmo AI

    69020 East Palm Canyon Drive, Cathedral City, CA 92234

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail/commercial space with high visibility and abundant parking.

    Type:Retail
    Added:
    Jan 27, 2026
    Days on Market:
    109
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 69020 East Palm Canyon Drive

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 69020 East Palm Canyon Drive Contact us

    We can help!

    Listing Contact
    Steve Bernier

    Listing agent Steve Bernier License #CA RE Lic. #02241836

    Listing office

    Listing date Jan 27, 2026

    Source Nmrk

    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 Steve Bernier

    HighLights

    • Prime location at the corner of E. Palm Canyon & Date Palm, across from Agua Caliente Casino.
    • Exceptional traffic counts: approximately 42,655 vehicles per day on E. Palm Canyon and 17,226 on Date Palm.
    • Huge pylon sign opportunity for an anchor tenant.
    • Excellent frontage and visibility on E. Palm Canyon Drive (Highway 111).
    • Abundant parking.
    • Dock loading available.

    Overview

    This retail/commercial space is available for lease at the corner of E. Palm Canyon and Date Palm, directly across from Agua Caliente Casino. The location offers frontage and visibility, abundant parking, and dock loading. A pylon sign opportunity is available for an anchor tenant. The property is situated on E. Palm Canyon Drive (Highway 111) in central Cathedral City, between Palm Springs and Rancho Mirage. Traffic counts are approximately 42,655 vehicles per day on E. Palm Canyon and 17,226 on Date Palm.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Salsas Restaurant Restaurant

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.46
    Latitude
    33.7788

    Nearby Similar for Lease

    • $8,576/Mo
      5,360 SF

      Retail Building on Date Palm

      Two-suite retail building in Cathedral City, renovated in 2026.
      32475 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $0.95 SF/Yr
      29,416 SF

      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
    • $3,680/Mo
      1,260 SF

      Retail Space in Vista Chino

      Retail space available in a busy, anchored shopping center.
      27800 Landau Boulevard, Cathedral City, CA 92234
      View Details
    • $3 SF/Yr
      6,823 SF

      Retail/Medical Office Endcap Space

      Prime endcap available for restaurant, retail, or medical office.
      69-020 Ramon Road, Cathedral City, CA 92270
      View Details
    • $3,680/Mo

      Retail Space in Vista Chino Village

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

      Ramon Road Retail Space

      Retail space undergoing renovations in Cathedral City.
      68225 Ramon Road, Cathedral City, CA 92234
      View Details
    • Contact for pricing

      Medical/Office Space in Cathedral City

      Medical/Office property in central Cathedral City neighborhood, available immediately.
      37086 Cathedral Canyon Dr., Cathedral City, CA 92234
      View Details
    • $4,400/Mo
      50,262 SF

      Cathedral City Retail Property

      Retail property with attention-getting curb appeal in Cathedral City.
      68845 - 68895 Perez Rd, Cathedral City, CA 92234
      View Details
    • $2 SF/Yr
      155 SF

      Cathedral City Office Space

      Office space available for lease in Cathedral City.
      35325 Date Palm Dr, Cathedral City, CA
      View Details
    • Contact for pricing
      16,507 SF

      Perez Road Retail/Industrial Space

      Retail and industrial spaces available for lease on Perez Road.
      68956 Perez Rd, Cathedral City, CA 92234
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail/commercial space with high visibility and abundant parking.
    Where is this retail space located?
    The property is located at 69020 East Palm Canyon Drive Cathedral City, CA.
    What are key features of this property?
    This property features: Prime location at the corner of E. Palm Canyon & Date Palm, across from Agua Caliente Casino.; Exceptional traffic counts: approximately 42,655 vehicles per day on E. Palm Canyon and 17,226 on Date Palm.; **Huge pylon sign opportunity for an anchor tenant.**
    (213) 596-2281
    We can help!
    Listing Contact
    Steve Bernier
    Real Estate License ID: CA RE Lic. #02241836
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    69020 East Palm Canyon Drive, Cathedral City, CA 92234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!