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    68766 Perez Rd Cathedral City, CA 92234

    Sponsored
    For Sale
    $2,200,000

    Prime Retail & Residential Space

    Property size:
    10,629 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Cathedral City property presents a rare live/work opportunity, encompassing a fully improved 10,629 square foot building on a 0.34-acre lot (APN 687-162-011). The property, built in 1981 and zoned IP, features a two-story building with three units. The ground floor offers approximately 8,000 square feet of retail space, currently partially occupied. One vacant 2,000 square foot suite is ideal for an artist studio, retail, or flex industrial use. A second ground floor unit, approximately 6,000 square feet, is leased and fully improved as an animal care facility, complete with kennels, a dog salon, and outdoor recreation areas. Upstairs, a 3-bedroom, 2-bathroom residential unit boasts high-end finishes, a spacious living area, a chef's kitchen, and a private patio with stunning views. This multi-tenant building offers a unique blend of commercial and residential space, perfect for an owner-user seeking a combined live/work environment. The asking price is $2,200,000, translating to $206.98 per square foot of net rentable space (4,629 sq ft). This investment opportunity is situated at 68766 Perez Rd, Cathedral City, CA 92234, in Riverside County. The property's Class B designation reflects its solid construction and functionality. Don't miss this chance to acquire a truly unique and versatile property in a desirable location.

    Property Features for 68766 Perez Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,629 SF
    Class
    B
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • $2,200,000 asking price for this Cathedral City, CA retail property.
    • 10,629 total square feet, with 4,629 square feet of net rentable space.
    • Located at 68766 Perez Rd, Cathedral City, CA 92234 (APN: 687‑162‑011).
    • Class B, multi‑tenant storefront property with one vacant and two leased units.
    • Features a 3‑bed/2‑bath apartment and approximately 8,000 square feet of ground floor retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Animal Rescue By ... Animal Rescue Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -116.4619416
    Latitude
    33.7843282

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail & Residential Space
    Where is this individual retail property located?
    The property is located at 68766 Perez Rd Cathedral City, CA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price for this Cathedral City, CA retail property.; 10,629 total square feet, with 4,629 square feet of net rentable space.; Located at 68766 Perez Rd, Cathedral City, CA 92234 (APN: 687-162-011).
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    Cathedral City, CA 92234
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    Realmo Value Estimation

    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.

    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.

    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
    68766 Perez Rd Cathedral City, CA 92234
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