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    31655 Date Palm Dr Cathedral City, CA 92234-3140
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    Property profile & analytics

    31655 Date Palm Dr Cathedral City, CA 92234-3140

    View on Map
    • Grocery and convenience stores
    • 57,654 SF
    • 2.50 lot acres
    Off-Market
    Property ID
    US09-3357756
    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.
    Value Estimations
    $6,955,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fred Loya Insurance / Insurance Agency
    • Oportun / Loan Service
    • ATM / Atm
    • MoneyGram / Bank / Credit Union
    • Cardenas Markets / Specialty Food Shop / Supermarket

    Property Details for 31655 Date Palm Dr

    Year built
    1992
    Construction
    TILT-UP CONCRETE
    Lot size
    2.50 lot acres
    Property size
    57,654 SF
    Zone code
    A2
    Property type
    Grocery and convenience stores
    APN
    678-330-035
    APU
    678330035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.459
    Latitude
    33.8185
    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
    $47,406
    $2,523,884
    $1,243,327
    $3,767,211
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,030,000
      42,630 SF

      69255 Ramon Rd

      GROCERY, SUPERMARKET • 42,630 SF
      69255 Ramon Rd, Cathedral City, CA 92234-3346
      View Details
    • Value Estimation
      $2,215,000
      13,969 SF

      30025 Date Palm Dr

      GROCERY, SUPERMARKET • 13,969 SF
      30025 Date Palm Dr, Cathedral City, CA 92234-2822
      View Details
    • Value Estimation by Request
      2,546 SF

      68258 Ramon Rd

      CONVENIENCE STORE • 2,546 SF
      68258 Ramon Rd, Cathedral City, CA 92234-3315
      View Details
    • Value Estimation
      $1,335,000
      5,748 SF

      68395 Ramon Rd

      GROCERY, SUPERMARKET • 5,748 SF
      68395 Ramon Rd, Cathedral City, CA 92234-3380
      View Details
    • Value Estimation by Request

      68525 Ramon Rd Ste A103

      CONVENIENCE STORE
      68525 Ramon Rd Ste A103, Cathedral City, CA 92234-3377
      View Details
    • Value Estimation by Request

      68655 Ramon Rd

      GROCERY, SUPERMARKET
      68655 Ramon Rd, Cathedral City, CA 92234-3333
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Retail Building on Large Lot

      7,000 SF retail building on a 0.91-acre lot.
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      Retail Building on Date Palm

      Two-suite retail building in Cathedral City, great location.
      32475 Date Palm Dr, Cathedral City, CA 92234
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    • Contact for pricing

      Retail Building on Date Palm

      7,000 SF retail building on a 0.91-acre lot.
      30900 Date Palm Dr, Cathedral City, CA 92234
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    • $3,973,000
      5,237 SF

      Retail Space For Sale

      Retail space available, 5.25% CAP rate, 5,237 SqFt.
      69050 Vista Chino, Cathedral City, CA 92234
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    Similar Nearby for Lease

    • $4,400 /Mo

      Cathedral City Retail Property

      Retail property with attention-getting curb appeal in Cathedral City.
      68845 Perez Rd, Cathedral City, CA 92234
      View Details
    • $1.35 SF/Yr

      High-Traffic Retail Space Available

      Remodeled retail suites in high-profile Canyon Plaza East shopping center.
      67-555 East Palm Canyon Dr, Cathedral City, CA 92234
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    • Contact for pricing

      Perez Road Retail/Industrial Space

      Retail and industrial spaces available for lease on Perez Road.
      68956 Perez Rd, Cathedral City, CA 92234
      View Details
    • $0.95 SF/Yr

      Perez Road Industrial Showroom/Warehouse

      Multi-tenant industrial showroom/warehouse in the Perez Road arts and design corridor.
      68945 Perez Rd, Cathedral City, CA 92234
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    • $5,695 /Mo
      3,153 SF

      Former Firehouse in Downtown Cathedral

      Iconic firehouse for lease with flexible zoning and high visibility.
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    • $3,680 /Mo

      Retail Space in Vista Chino Village

      Retail space available in a busy shopping center.
      27800 Landau Blvd, Cathedral City, CA 92234
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    Cathedral City, CA 92234-3140
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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
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    31655 Date Palm Dr, Cathedral City, CA, 92234
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