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    Property profile & analytics

    68945 Perez Rd Cathedral City, CA 92234

    • Retail space
    • 29,232 SF
    • 1.72 lot acres
    For Sale
    View listing
    $7,950,000
    Value Estimation
    Last Sale
    Nov 30, 2022
    $5,550,000
    Location Intelligence
    Property ID
    US09-1593540
    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

    • Pam's Party Rentals & Event Planning Company / Event Planner
    • JS Furniture & Mattresses / Furniture Store

    Property Details for 68945 Perez Rd

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    1.72 lot acres
    Property size
    29,232 SF
    Property type
    Retail space
    APN
    687-330-027
    APU
    687330027

    Description

    This exceptional 29,416-square-foot industrial property, located at 68945 Perez Rd, Cathedral City, CA 92234, presents a unique investment opportunity. Situated in the vibrant Perez Road arts and design corridor, this single-story building boasts a prime location in the Coachella Valley. The property, built in 1999 and renovated in 2023, features a mix of flex, warehouse, and showroom space, ideal for a variety of businesses. Currently, four of the building's eight suites are available, ranging from 3,075 to 18,503 contiguous square feet. The largest contiguous space available is 18,503 square feet. The building features a 17-foot ceiling height and is constructed with concrete exterior and load-bearing walls, ensuring durability and longevity. The ample concrete parking lot complements the high-quality construction. The property sits on 1.72 acres of land and is zoned I-1. Its convenient location, modern amenities, and flexible space make it an attractive option for businesses seeking a well-maintained and strategically located industrial space in Riverside County. The property's address is 68945 Perez Rd, with a cross street of Date Palm Drive, and its APN is 687-330-027. One tenant, Caliber Collision, has occupied part of the building since 1995.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,945,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,275,000
      6.5%
      $5,260,000
      7%
      $5,170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,095,000
      Geo Method
      $5,270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,360,000
      Retail
      $5,475,000
      Mixed-Use
      $5,545,000
      Hospitality
      $6,105,000
      Educational
      $5,630,000
      Residential Income
      $5,325,000
      Energy
      $4,810,000
      Income-Based Land
      $5,785,000
      Food Service
      $5,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.46
    Latitude
    33.7818
    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
    $68,976
    $1,132,200
    $4,528,800
    $5,661,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      27620 Landau Blvd Ste, Unit 1

      RETAIL STORES (PERSONAL SERVICES)
      27620 Landau Blvd Ste, Cathedral City, CA 92234-5540
      View Details
    • Value Estimation by Request
      4.39 Acres

      35325 Date Palm Dr Ste, Unit 136

      STORE, RETAIL OUTLET • 4.39 Acres
      35325 Date Palm Dr Ste, Cathedral City, CA 92234-7031
      View Details
    • Value Estimation by Request
      0.01 Acres

      34040 Date Palm Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      34040 Date Palm Dr, Cathedral City, CA 92234-6809
      View Details
    • Value Estimation by Request
      0.01 Acres

      34040 Date Palm Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      34040 Date Palm Dr, Cathedral City, CA 92234-6809
      View Details
    • Value Estimation by Request
      0.01 Acres

      34010 Date Palm Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      34010 Date Palm Dr, Cathedral City, CA 92234-6809
      View Details
    • Value Estimation by Request
      0.01 Acres

      34010 Date Palm Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      34010 Date Palm Dr, Cathedral City, CA 92234-6809
      View Details

    Similar Nearby for Sale

    • $2,200,000
      10,629 SF

      Cathedral City Live/Work Opportunity

      Prime Retail & Residential Space
      68766 Perez Rd, Cathedral City, CA 92234
      View Details
    • $1,575,000
      7,000 SF

      Retail Building on Large Lot

      7,000 SF retail building on a 0.91-acre lot.
      30900 Date Palm Dr, Cathedral City, CA 92234
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    • $1,350,000

      Mixed-Use Commercial Property on Highway

      Single-level commercial property with highway frontage in downtown Cathedral City.
      68555 Palm Canyon Dr, Cathedral City, CA 92234
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    • $12,000,000
      80,633 SF

      Cathedral City Retail Giant

      80,633 SF Storefront, 7.51 Acres
      35900 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • Contact for pricing
      6,000 SF

      Retail Pads For Sale/Lease

      Retail pads available across from Agua Caliente Casino.
      111 & Date Palm Dr, Cathedral City, CA 92234
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      Grocery Anchored Retail Property

      Retail property anchored by a grocery store for sale.
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    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • $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
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    68945 Perez Rd
    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
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