Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    68350 Commercial Rd Cathedral City, CA 92234-7603

    • Manufacturing properties
    • 7,296 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Jul 18, 2022
    $3,500,000
    Value Estimations
    $3,325,000
    Show details
    Cap Rate Potential
    2.8%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-1271370
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Straight Forward Roadside Assistance / Towing Service

    Property Details for 68350 Commercial Rd

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    0.48 lot acres
    Property size
    7,296 SF
    Zone code
    CBP2
    Property type
    Manufacturing properties
    APN
    687-312-018
    APU
    687312018

    Description

    This vacant 7,680 square foot industrial building in Cathedral City, CA, presents a unique opportunity. Situated on a 0.48-acre lot at 68350 Commercial Rd, 92234, this 1988-built structure boasts a 16-foot ceiling height, one loading dock, and ample parking (3.51 spaces per 1,000 sq ft—approximately 15 spaces total). The property is zoned for industrial use and features a gated, secure rear yard. Previously used as a cannabis volatile manufacturing and distribution facility (Type-7), the existing layout is well-suited for cultivation or manufacturing businesses. The building offers significant power capacity (buyer to verify 4,000 amps and an 8,000-amp transformer on-site). This compliant property allows for immediate occupancy or reconfiguration to meet specific needs, saving time and money on build-out. The asking price is $2,950,000. Existing equipment is available for separate purchase. This is an ideal opportunity for a business seeking a ready-to-use or easily adaptable industrial space with substantial power and a convenient location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,355,000
      ML approach
      $3,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,040,000
      Market price range: $1.57M - $3.04M
      AI Estimate
      $2,146,000
      Market price range: $377k - $2.15M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.469
    Latitude
    33.7825
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $45,869
    $714,000
    $2,856,000
    $3,570,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $950,000
      50,263 SF

      68845 Perez Rd

      MANUFACTURING (LIGHT) • 50,263 SF
      68845 Perez Rd, Cathedral City, CA 92234-7254
      View Details
    • Value Estimation
      $455,000
      4,026 SF

      68342 Kieley Rd

      MANUFACTURING (LIGHT) • 4,026 SF
      68342 Kieley Rd, Cathedral City, CA 92234-7205
      View Details
    • Value Estimation
      $455,000
      5,600 SF

      68688 Perez Rd

      MANUFACTURING (LIGHT) • 5,600 SF
      68688 Perez Rd, Cathedral City, CA 92234-7216
      View Details
    • Value Estimation
      $560,000
      7,680 SF

      68721 Smt Dr

      MANUFACTURING (LIGHT) • 7,680 SF
      68721 Smt Dr, Cathedral City, CA 92234-7349
      View Details
    • Value Estimation
      $520,000
      7,676 SF

      36385 Bankside Dr

      MANUFACTURING (LIGHT) • 7,676 SF
      36385 Bankside Dr, Cathedral City, CA 92234-7624
      View Details
    • Value Estimation
      $355,000
      5,148 SF

      68314 Kieley Rd

      MANUFACTURING (LIGHT) • 5,148 SF
      68314 Kieley Rd, Cathedral City, CA 92234-7205
      View Details

    Similar Nearby for Sale

    • $7,950,000
      29,416 SF

      Cathedral City Industrial Portfolio

      High-yield multi-tenant NNN investment.
      68945 Perez Rd, Cathedral City, CA 92234
      View Details
    • $1,200,000
      4,026 SF

      Remodeled Coachella Valley Warehouse

      Freestanding, remodeled warehouse with secure yard and upgraded power.
      68342 Kieley Rd, Cathedral City, CA 92234
      View Details
    • $829,000
      1,806 SF

      Mid-Century Modern Multi-Unit Property

      Three-unit property with pool, valley, and mountain views.
      39091 Paradise Way, Cathedral City, CA 92234
      View Details
    • $87,000
      0.05 Acres

      Cathedral City Paved Lot

      Premium paved lot with shade structure near golf course.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $60,000
      720 SF

      Cathedral City Home in Senior Community

      Two-bedroom home in 55+ community with amenities and convenient location.
      2 Harrison St, Cathedral City, CA 92234
      View Details
    • $144,900
      0.05 Acres

      Golf Course View Land

      Prime lot with golf course views in Cathedral City.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      80,633 SF

      Prime Retail Space - Riverside County

      80,633 SF freestanding retail building on 7.51 acres
      35900 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $1,575,000
      5,360 SF

      Retail Building on Date Palm

      Multi-tenant retail building ideal for owner/user or investment.
      32475 Date Palm 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 Perez Rd, Cathedral City, CA 92234
      View Details
    • $21 SF/Yr
      81,315 SF

      Canyon Plaza East: Retail Spaces Available

      Cathedral City retail center; prime location, high traffic.
      67555 Palm Canyon Dr, Cathedral City, CA 92234
      View Details
    • $27 SF/Yr
      100,000 SF

      Cathedral City Retail Center Investment

      Prime Retail Space Available, High Traffic
      69115 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $3,200 /Mo

      Cathedral City Office/Retail Space

      Versatile 1,531 sq. ft. office/retail space for lease.
      28401 Date Palm Dr, Cathedral City, CA 92234
      View Details
    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.
    68350 Commercial Rd
    Cathedral City, CA 92234-7603
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.