31033 Date Palm Dr Cathedral City, CA 92234-3014
This exceptional 14.23-acre mixed-use property, known as Date Palm Plaza, presents a compelling redevelopment opportunity in the thriving city of Cathedral City, California. Currently classified as a Class C shopping center, the 124,305 square foot property boasts a prominent location at the Date Palm exit off Interstate 10, providing unparalleled access to the entire Coachella Valley. The site features a former Walmart building, now anchored by Big 5 Sporting Goods, and offers 533.41 feet of frontage on Date Palm Drive. Ample reciprocal parking is available. The property's PLC zoning permits a wide range of uses, including retail, warehouse, medical facilities, storage, multi-family residential, and government offices. Its strategic location near the "Golden Mile" shopping center, anchored by Cardenas, further enhances its desirability. This established center presents a prime development opportunity for investors seeking a high-impact project in a rapidly growing market. The asking price is $13,900,000.
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Big 5 Sporting Goods (Bike/Boat/Book/etc) Store
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Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.