34131 Date Palm Dr Cathedral City, CA 92234-6884
Property profile & analytics
34131 Date Palm Dr Cathedral City, CA 92234-6884
- Medical Office Space
- 5,500 SF
- 0.59 lot acres
Property ID
US09-1729176
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
- Cathedral City Family Medical / Physician
- Family Medical Clinic / Medical Clinic
- Cathedral City Family Medical: Ali Uzma R MD / Physician
- Dr. Robert S. Robbins, MD / Physician
- DIET-MED / Medical Clinic
Property Details for 34131 Date Palm Dr
- Year built
- 2000
- Construction
- WOOD
- Lot size
- 0.59 lot acres
- Property size
- 5,500 SF
- Zone code
- CTR
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 687-440-007
- APU
- 687440007
Description
This exceptional investment opportunity presents a 5,470 square foot, Class B, two-tenant medical building situated on a 26,136 square foot lot in Cathedral City, CA. The property, built in 2000, boasts 100% occupancy with a strong tenant roster. Cathedral City Family Medical Clinic, a well-established practice with a 16-year history at this location, recently signed a four-year lease extension. Coachella Valley Optometry, a regional brand, is on a new 10-year lease, with a projected grand opening in Q4 2024. Both tenants operate under triple-net (NNN) leases, featuring 3% annual rent escalations, minimizing landlord responsibilities. The property enjoys high visibility at a hard corner intersection of major retail arteries, providing excellent access and exposure. It's strategically located as an outparcel to the thriving Cathedral City Marketplace, a 170,000 square foot shopping center anchored by Food4Less, and benefits from over 1.1 million annual visitors. The property offers 30 parking spaces and is conveniently located near Highway 11 and I-10, providing easy access to the Coachella Valley and its significant tourism revenue (over $8 billion annually). The asking price is $2,270,000, representing a 6.00% cap rate and $415 per square foot. The property's proximity to Disney's Cotino mixed-use development further enhances its long-term growth potential. This is a stabilized investment with a proven track record and significant upside. The property's APN is 687440007.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $25,705,000
- ML approach
- $25,705,000
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
- 33.8
- 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
$11,114
$217,305
$662,790
$880,095
-
$0.00
$0.00
$0.00
