Entity Owned Property summary
AI-generated overview
This vacant 7,680 square foot industrial building in Cathedral City, CA, presents a unique opportunity. Situated on a 0.48-acre lot at 68350 Commercial Rd, 92234, this 1988-built structure boasts a 16-foot ceiling height, one loading dock, and ample parking (3.51 spaces per 1,000 sq ft—approximately 15 spaces total). The property is zoned for industrial use and features a gated, secure rear yard. Previously used as a cannabis volatile manufacturing and distribution facility (Type-7), the existing layout is well-suited for cultivation or manufacturing businesses. The building offers significant power capacity (buyer to verify 4,000 amps and an 8,000-amp transformer on-site). This compliant property allows for immediate occupancy or reconfiguration to meet specific needs, saving time and money on build-out. The asking price is $2,950,000. Existing equipment is available for separate purchase. This is an ideal opportunity for a business seeking a ready-to-use or easily adaptable industrial space with substantial power and a convenient location.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
TILT-UP CONCRETE
Total area
7,296 SF
Lot
0.48 ac (20,908 SF)
Zoning code
CBP2
APN
687-312-018
UPID
US09-1271370
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
-
Auto Repair Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$3.36M
Owner & transaction history
since 2026
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
CBP2 · Cathedral City, CA
Top alternative use upside
Restaurant
$4.5M
+86.5%
Auto repair, garage
$3.2M
+29.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.36M
Value range
$3.02M – $3.69M
±10% around blend
Estimated value / SF
$460 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$3.02M
blend $3.36M
$3.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,296 SF
Lot area
0.48 ac
Year built
1988
Stories
1
APN
687-312-018
Zoning
CBP2
Assessed value
$3,570,000
Annual tax
$45,869
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.90M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.3 mi away · 5,127 SF
6.7 mi away · 7,506 SF
6.7 mi away · 6,279 SF
14.5 mi away · 5,155 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.36M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$333
+38%
Submarket 29 sales
$333
+38%
County 1211 sales
$223
+106%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $460/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+86%
vs current-use indication
Auto Repair, Garage
Industrial (general) · current use
Retail Stores
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.50M
Move the market yield to see immediate price impact.
Value / SF
$480
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$221k
$4.41M
$3.15M
$2.45M
$245k
$4.90M
$3.50M
$2.72M
$270k
$5.39M
$3.85M
$2.99M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.00M
0.3 mi · Apr 2026 · $260/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,869
Tax year 2024
Assessed value
$3,570,000
Assessed 2024
Previous assessed
$3,570,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$714,000
Assessed improvement
$2,856,000
Applied tax rate
19.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,296 SF
Lot
0.48 ac (20,908 SF)
Zoning code
CBP2
APN
687-312-018
UPID
US09-1271370
Jurisdiction
RIVERSIDE
Zoning & alternative use
CBP2 · Cathedral City, CAZoning CBP2 · permitted uses
CBP2 · Cathedral City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CBP2
Jurisdiction
Cathedral City, CA
Recorded code
CBP2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBP2 in Cathedral City, CA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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