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    68350 Commercial Rd Cathedral City, CA 92234-7603
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    Property profile & analytics

    68350 Commercial Rd, Cathedral City, CA 92234-7603

    View on Map
    • Manufacturing properties
    • 7,296 SF
    • 0.48 lot acres
    Off-Market
    Last Sale Jul 18, 2022
    $3,500,000
    Property ID
    US09-1271370
    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
    $3,430,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Straight Forward Roadside Assistance / Auto Repair Shop

    Property Details for 68350 Commercial Rd

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    0.48 lot acres
    Zone code
    CBP2
    Property type
    Manufacturing properties
    APN
    687-312-018
    APU
    687312018

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,355,000
      ML approach
      $3,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,040,000
      Market price range: $1.57M - $3.04M
      AI Estimate
      $2,146,000
      Market price range: $377k - $2.15M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,430,000
      Current use
      RESTAURANT
      $4,530,000
      Change: +86% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,150,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $2,285,000
      Change: -6% Conversion: Moderate
      WAREHOUSE, STORAGE
      $2,155,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.469
    Latitude
    33.7825
    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
    $45,869
    $714,000
    $2,856,000
    $3,570,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      MANUFACTURING (LIGHT)
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    • Value Estimation
      $5,140,000
      50,262 SF

      68845 Perez Rd

      MANUFACTURING (LIGHT)
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      View Details
    • Value Estimation
      $6,490,000
      56,471 SF

      68625 Perez Rd, Unit 68625

      MANUFACTURING (LIGHT)
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      View Details
    • Value Estimation
      $1,100,000
      5,000 SF

      68753 Smt Dr

      MANUFACTURING (LIGHT)
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      View Details
    • Value Estimation
      $5,420,000
      26,400 SF

      68703 Perez Rd

      MANUFACTURING (LIGHT)
      68703 Perez Rd, Cathedral City, CA 92234-7221
      View Details
    • Value Estimation
      $1,165,000
      3,900 SF

      68300 Kieley Rd

      MANUFACTURING (LIGHT)
      68300 Kieley Rd, Cathedral City, CA 92234-7205
      View Details

    Similar Nearby for Sale

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    • New
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      Perez Road Retail/Industrial Space

      Retail and industrial spaces available for lease on Perez Road.
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    • $0.95 SF/Yr

      Perez Road Industrial Showroom/Warehouse

      Multi-tenant industrial showroom/warehouse in the Perez Road arts and design corridor.
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      Former Firehouse in Downtown Cathedral

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      Golden Mile Shopping Center Space

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      Industrial Showroom/Warehouse Space For Rent

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      View Details
    • $1.35 SF/Yr

      High-Traffic Retail Space Available

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    Cathedral City, CA 92234-7603
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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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