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Financial
Distress signals
Property profile

68686 Summit Dr Cathedral City, CA 92234

FOR SALE
Retail space
Property ID
US09-3248491
3,200 SF 0.4 ac lot Built 1978
Last sale Apr 2021 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 6,214-square-foot industrial property, located at 68686 Summit Drive in Cathedral City, California (zip code 92234), presents a unique investment opportunity. Built in 1970, this single-story building sits on a 0.4-acre lot and is zoned IP, allowing for flexible use. The property features multiple roll-up doors and boasts excellent street-front visibility, making it ideal for a variety of businesses. The large, secure, fenced yard provides ample space for storage or…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$16k
Tax billed · 2024
Assessed value$1.27M
Assessed land$424k
Assessed improvement$849k
Effective rate1.22%

Value estimate

· Oct 2026
$1.16M
$1.04M – $1.28M
AI approach$1.20M
Submarket $/SF estimate$1.64M
NOI build-up
Gross scheduled income$134k
Vacancy & credit loss−$7k
Operating expenses−$38k
NOI · 6.14% cap applied$89k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$313/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$186 – $512
Qualifying comparables7

Cap rate analysis

How does the asset earn?
6.14%
$89k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IP
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.8
Dental Office20.2
Wholesale Shop18.0

Location

68686 Summit Dr Cathedral City, CA 92234
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
34051 Date Palm, Cathedral City, CA 92234-6860 $25,705,000 Sep 2024 4,000 SF
35871 Date Palm, Cathedral City, CA 92234-6656 $1,951,500 Mar 2023 4,022 SF
68490 Dinah Shr, Cathedral City, CA 92234-4509 $2,368,500 Dec 2022 2,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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