31833 Date Palm Dr Cathedral City, CA 92234
Property profile & analytics
31833 Date Palm Dr, Cathedral City, CA 92234
- Retail properties & Spaces
- 0.95 lot acres
Property ID
US09-4686735
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.
Location Intelligence
Current Use by Public Records
- Jerry's Hot Deal's / Liquidator
- Harbor Freight Tools / Building Supply / Hardware & Home Improvement
Property Details for 31833 Date Palm Dr
- Lot size
- 0.95 lot acres
- Zone code
- PCC
- Property type
- Retail properties & Spaces
- APN
- 678-330-019
- APU
- 678330019
Description
This exceptional 40,000 square foot shopping center in Cathedral City, CA, presents a compelling investment opportunity. Priced at $4,700,000 ($117.50/sq ft), it boasts a 6.70% cap rate and a strong NOI of $314,021. The property sits on a 3.89-acre lot ($31/sq ft land value) and is 100% occupied by two credit-rated tenants: a national retailer, Harbor Freight, and a regional furniture store, Furniture Depot/Jerry's. Harbor Freight, a top 100 US retailer with a Moody's Ba3 credit rating, recently renewed/extended their lease. Furniture Depot/Jerry's is a well-established local business with a strong personal guaranty. The property benefits from a below-market, assumable 4.52% fixed-rate loan for 14 years, offering significant long-term value-add potential due to below-market rents. Strategically located at a main intersection (Date Palm Dr. and Ramon Rd.) with high daily traffic (57,797 vehicles), this center is part of a grocery-anchored shopping center, creating synergistic tenant relationships. The strong demographics, with over 115,784 residents within a 5-mile radius and an average household income of nearly $90,000, further enhance its appeal. This is a stabilized, value-add investment with significant upside potential. The property's APN is 678-330-008 & 678-330-019. Lease type is Net.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,745,000
- ML approach
- $3,805,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cathedral City
- County
- Riverside
- State
- California
- Longitude
- -116.46
- Latitude
- 33.8174
- 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
$28,883
$461,822
$1,835,026
$2,296,848
-
$0.00
$0.00
$0.00
