Retail
For Sale
Contact for pricing
69040 RAMON RD, Cathedral City, CA 92234
Commercial building constructed in 2000 for retail use.
Property Size4,312 SF
Price / SF$429.04
Days on Market116
Property Features for 69040 RAMON RD
General Information
Standard status
Active
Size
4,312 SF
Class
A
Property subtype
Retail
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$123,723
Building Details
Year Built
2000
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Triwell Properties Inc
Listed By:
Trevor Harris · License #01722291
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Aug 30 at 6:56PM
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 Triwell Properties Inc
Investment Insights
Based on property information with market context.
The property is a 4,312-square-foot retail space constructed in 2000. It is located at 69040 Ramon Road in Cathedral City, California, with the listed address identifying the property within the 92234 ZIP code.
Key Highlights
- 4,312 SF retail space
- Constructed in 2000
- Located at 69040 Ramon Road, Cathedral City, CA 92234
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,807
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,236,140
$1.2M
Cap Rate 7%
$882,957
$883.0K
Cap Rate 9%
$686,744
$686.7K
Market Conditions
NOI Build-Up for 4,312 SF
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.
Gross rent
$93.1K $21.60/SF
− Vacancy
−$4.8K −$1.12/SF
EGI
$88.3K $20.48/SF
− OpEx
−$26.5K −$6.14/SF
NOI
$61.8K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,236,140
Cap Rate 7%
$882,957
Cap Rate 9%
$686,744
Alternative Uses
Best Use
Retail
$883.0K
$772.6K – $1.03M
NOI $61,807 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,426 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
411k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 27%
Groceries 21%
Home Improvements & Furnishings 3%
Cardenas Market
Groceries
50,144 visits/mo
0.2 miles
Stater Bros. Markets
Groceries
37,322 visits/mo
0.2 miles
McDonald's
Dining
31,672 visits/mo
0.2 miles
Starbucks
Dining
25,867 visits/mo
0.1 miles
Dollar Tree
Shops & Services
20,454 visits/mo
0.5 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial building constructed in 2000 for retail use.
Where is this retail space located?
The property is located at 69040 RAMON RD Cathedral City, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 4,312 SF retail space; Constructed in 2000; Located at 69040 Ramon Road, Cathedral City, CA 92234
