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    69115 Ramon Rd Cathedral City, CA 92234

    Sponsored
    For Lease
    $27 SF/Yr

    Prime Retail Space Available, High Traffic

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional Class A retail property, Cathedral Village Shopping Center, presents a unique investment opportunity in the thriving Cathedral City market. Located at the highly visible and heavily trafficked intersection of Date Palm Drive and Ramon Road in Riverside County, this 100,000 square foot neighborhood center boasts a strong tenant mix anchored by Stater Bros Market and Rite Aid. The property features nine buildings, all single-story structures, built in 2000, and is zoned for commercial use. Currently, there are two suites available, offering flexible space options. A prime 2,070 square foot pad space is available on Date Palm Drive, ideal for high-visibility businesses. Additionally, a 1,200 square foot in-line space, previously occupied by GNC, is ready for immediate occupancy. The center's diverse tenant roster includes well-established national and local businesses such as Bank of America, America's Tire, KFC, Carl's Jr./Green Burrito, Leslie's Pool Supply, Liberty Tax, Cricket, SuperCuts, Pacific Sound, Pizza Peel, La Michoacana All Natural Fruit, Super Schwarma, Borrego Community Health, Edoko Sushi, and Zen Spa. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 2,070 square feet. This property offers a compelling combination of strong location, established tenancy, and flexible space options, making it an ideal investment for discerning buyers. The total vacant space currently available is 3,270 square feet.

    Property Features for 69115 Ramon Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Class
    A
    Total Rate
    225000

    Building Details

    Year Built
    2000
    Buildings
    9
    Stories
    1

    Unit(s) available at that property

    Space
    32280 Date Palm Dr
    Size
    2,070 SF
    Rate per SF
    $27

    We can help!

    Listing Contact
    Laurel Hortick
    Laurel Hortick

    Learn more

    Property Insight Report

    HighLights

    • Class A, 100,000 SF grocery‑anchored retail center in Cathedral City, CA.
    • 1,200 - 2,070 SF available; 3,270 SF total vacant space.
    • Located at the high‑traffic intersection of Date Palm & Ramon Roads.
    • Anchored by Stater Bros. Market and Rite Aid; other tenants include Bank of America, America's Tire, and numerous others.
    • Single‑story building, built in 2000, with multiple suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Swiss Donuts Donut Shop Cathedral Village Shopping ... Shopping Mall Easy Bad Credit ... Loan Agency Elviras Taqueria Mexican Restaurant Osburn's Pool Maintenance ... Swimming Pool Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.4571794
    Latitude
    33.8137047

    Nearby Comparable

    • $1,575,000
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      Retail Building on Date Palm

      Multi-tenant retail building ideal for owner/user or investment.
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      Retail/Medical Office Endcap Space

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      Cathedral City Office Space

      Office space available for lease in Cathedral City.
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      Prime Retail Space - Riverside County

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      35900 Date Palm Dr, Cathedral City, CA 92234
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      Palm Springs Retail Space Available

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    Nearby Similar for Lease

    • $4,200 /Mo
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      Resort Living with Dual Masters

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      Prime Retail Space - Riverside County

      80,633 SF freestanding retail building on 7.51 acres
      35900 Date Palm Dr, Cathedral City, CA 92234
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    • $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
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    • $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
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    • $1,575,000
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      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
    • $3 SF/Yr
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      Retail/Medical Office Endcap Space

      Prime endcap available for restaurant, retail, or medical office.
      69-020 Ramon Rd, Cathedral City, CA 92270
      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
    • $2 SF/Yr
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      Cathedral City Office Space

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

    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space Available, High Traffic
    Where is this neighborhood center located?
    The property is located at 69115 Ramon Rd Cathedral City, CA.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Class A, 100,000 SF grocery-anchored retail center in Cathedral City, CA.; 1,200 - 2,070 SF available; 3,270 SF total vacant space.; Located at the high-traffic intersection of Date Palm & Ramon Roads.
    Request Owner's contact information
    69115 Ramon 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
    69115 Ramon Rd Cathedral City, CA 92234
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    We can help!
    Listing Contact
    Laurel Hortick
    Laurel Hortick
    Real Estate License ID: LFOB
    Learn more
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