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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    36630 Sunair Plz Cathedral City, CA 92234-7620

    • Manufacturing properties
    • 2,565 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    May 19, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3731949
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 36630 Sunair Plz

    Year built
    1960
    Construction
    TILT-UP CONCRETE
    Lot size
    0.91 lot acres
    Property size
    2,565 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    687-311-014
    APU
    687311014

    Description

    This exceptional ±2.15-acre industrial property in Cathedral City, CA, presents a unique investment opportunity. Located at 36630 Sunair Plaza, this gated complex boasts a main building of approximately 3,300 square feet and a secondary storage building of approximately 2,650 square feet, totaling approximately 5,950 square feet of vacant space. Built in 1960, the property features three access points to Sunair Plaza and potential access via Cathedral Canyon Drive, offering ample space for outdoor storage or future development. The property is zoned CBP-2, allowing for a wide range of commercial and industrial uses, including automobile repair, parcel delivery, wholesale businesses, storage, light manufacturing, and many more with a Conditional Use Permit (CUP). Permitted uses with a CUP include outdoor storage, auto body shops, car washes, mini-warehouses, manufacturing, restaurants with drive-thrus, and more. This prime location enjoys high visibility near the intersection of East Palm Canyon Road and Cathedral Canyon Drive, experiencing approximately 46,490 vehicles per day. The property's proximity to major national and regional tenants, including Enterprise Rent-A-Car, Mike Thompson's RV Super Store, and others, further enhances its appeal. The property's APN is 687-311-014, and it is situated in Riverside County, CA, zip code 92234. This versatile property offers significant upside potential for owner-users and developers seeking to capitalize on Cathedral City's growth. The property is available for purchase or lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.468
    Latitude
    33.7827
    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
    $10,770
    $420,340
    $139,485
    $559,825
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $5,170,000
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    • Value Estimation
      $955,000
      4,026 SF

      68342 Kieley Rd

      MANUFACTURING (LIGHT) • 4,026 SF
      68342 Kieley Rd, Cathedral City, CA 92234-7205
      View Details
    • Value Estimation
      $1,115,000
      5,600 SF

      68688 Perez Rd

      MANUFACTURING (LIGHT) • 5,600 SF
      68688 Perez Rd, Cathedral City, CA 92234-7216
      View Details
    • Value Estimation
      $1,750,000
      7,680 SF

      68721 Smt Dr

      MANUFACTURING (LIGHT) • 7,680 SF
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    • Value Estimation
      $1,635,000
      7,676 SF

      36385 Bankside Dr

      MANUFACTURING (LIGHT) • 7,676 SF
      36385 Bankside Dr, Cathedral City, CA 92234-7624
      View Details
    • Value Estimation
      $620,000
      5,148 SF

      68314 Kieley Rd

      MANUFACTURING (LIGHT) • 5,148 SF
      68314 Kieley Rd, Cathedral City, CA 92234-7205
      View Details

    Similar Nearby for Sale

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      Cathedral City Industrial Portfolio

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    Similar Nearby for Lease

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      Cathedral City Office Space

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      Prime Retail Space - Riverside County

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      Versatile 1,531 sq ft space suitable for various businesses.
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      View Details
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    Cathedral City, CA 92234-7620
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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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