Property profile

31033 Date Palm Dr Cathedral City, CA 92234

OFF-MARKET
Strip malls
Property ID
US09-3617500
9.23 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Lot 9.23 ac (402,058 SF)
APN 678-330-057
UPID US09-3617500

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Mobile Phone Store Electronics & Wireless Store

Location

31033 Date Palm Dr Cathedral City, CA 92234-3014
Cathedral City metro Census 44926 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2017
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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