Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    68766 Perez Rd Cathedral City, CA 92234

    • Retail space
    • 6,480 SF
    • 0.35 lot acres
    For Sale
    View listing
    $2,200,000
    Last Sale
    May 09, 2022
    $1,865,000
    Value Estimations
    Cap Rate Potential
    4.6%
    Retail space
    Location Intelligence
    Property ID
    US09-0758835
    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

    • Animal Rescue By Rick&Eva Inc. / Animal Rescue Service

    Property Details for 68766 Perez Rd

    Year built
    1976
    Construction
    TILT-UP CONCRETE
    Lot size
    0.35 lot acres
    Property size
    6,480 SF
    Zone code
    M1
    Property type
    Retail space
    APN
    687-162-011
    APU
    687162011

    Description

    This exceptional Cathedral City property presents a rare live/work opportunity, encompassing a fully improved 10,629 square foot building on a 0.34-acre lot (APN 687-162-011). The property, built in 1981 and zoned IP, features a two-story building with three units. The ground floor offers approximately 8,000 square feet of retail space, currently partially occupied. One vacant 2,000 square foot suite is ideal for an artist studio, retail, or flex industrial use. A second ground floor unit, approximately 6,000 square feet, is leased and fully improved as an animal care facility, complete with kennels, a dog salon, and outdoor recreation areas. Upstairs, a 3-bedroom, 2-bathroom residential unit boasts high-end finishes, a spacious living area, a chef's kitchen, and a private patio with stunning views. This multi-tenant building offers a unique blend of commercial and residential space, perfect for an owner-user seeking a combined live/work environment. The asking price is $2,200,000, translating to $206.98 per square foot of net rentable space (4,629 sq ft). This investment opportunity is situated at 68766 Perez Rd, Cathedral City, CA 92234, in Riverside County. The property's Class B designation reflects its solid construction and functionality. Don't miss this chance to acquire a truly unique and versatile property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,000,000
      ML approach
      $2,035,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,550,000
      6.5%
      $1,430,000
      7%
      $1,325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,250,000
      Market price range: $1.21M - $3.32M
      AI Estimate
      $1,560,000
      Market price range: $376k - $1.97M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,030,000
      Current use
      AUTO REPAIR, GARAGE
      $2,800,000
      Change: +38% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,155,000
      Change: +6% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,915,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.462
    Latitude
    33.7843
    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
    $24,824
    $437,456
    $1,602,189
    $2,039,645
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      0.80 Acres

      34351 Date Palm Dr Ste J

      RETAIL STORES (PERSONAL SERVICES) • 0.80 Acres
      34351 Date Palm Dr Ste J, Cathedral City, CA 92234-6841
      View Details
    • Value Estimation
      $320,000
      0.01 Acres

      34040 Date Palm Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      34040 Date Palm Dr, Cathedral City, CA 92234-6809
      View Details
    • Value Estimation
      $280,000
      0.01 Acres

      34010 Date Palm Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      34010 Date Palm Dr, Cathedral City, CA 92234-6809
      View Details
    • Value Estimation by Request

      68469 Palm Cyn Dr

      RETAIL STORES (PERSONAL SERVICES)
      68469 Palm Cyn Dr, Cathedral City, CA 92234-5424
      View Details
    • Value Estimation by Request

      68600 Perez Rd

      STORE, RETAIL OUTLET
      68600 Perez Rd, Cathedral City, CA 92234-7216
      View Details
    • Value Estimation
      $235,000
      6.64 Acres

      68100 Ramon Rd Ste A9

      STORE, RETAIL OUTLET • 6.64 Acres
      68100 Ramon Rd Ste A9, Cathedral City, CA 92234-3389
      View Details

    Similar Nearby for Sale

    • $2,200,000
      10,629 SF

      Cathedral City Live/Work Opportunity

      Prime Retail & Residential Space
      68766 Perez Rd, Cathedral City, CA 92234
      View Details
    • Contact for pricing
      6,000 SF

      Retail Pads For Sale/Lease

      Retail pads available across from Agua Caliente Casino.
      111 & Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $12,000,000
      80,633 SF

      Cathedral City Retail Giant

      80,633 SF Storefront, 7.51 Acres
      35900 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $1,350,000

      Mixed-Use Commercial Property on Highway

      Single-level commercial property with highway frontage in downtown Cathedral City.
      68555 Palm Canyon Dr, Cathedral City, CA 92234
      View Details
    • $1,575,000
      7,000 SF

      Retail Building on Large Lot

      7,000 SF retail building on a 0.91-acre lot.
      30900 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $33,660,000
      179,165 SF

      Grocery Anchored Retail Property

      Retail property anchored by a grocery store for sale.
      34091-34351 Date Palm Dr, Cathedral City, CA 92234
      View Details

    Similar Nearby for Lease

    • $1,575,000
      5,360 SF

      Retail Building on Date Palm

      Multi-tenant retail building ideal for owner/user or investment.
      32475 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $3,200 /Mo

      Cathedral City Office/Retail Space

      Versatile 1,531 sq. ft. office/retail space for lease.
      28401 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $4,400 /Mo
      50,262 SF

      Cathedral City Retail Property

      Retail property with attention-getting curb appeal in Cathedral City.
      68845 Perez Rd, Cathedral City, CA 92234
      View Details
    • $10 SF/Yr
      80,633 SF

      Prime Retail Space - Riverside County

      80,633 SF freestanding retail building on 7.51 acres
      35900 Date Palm Dr, Cathedral City, CA 92234
      View Details
    • $27 SF/Yr
      100,000 SF

      Cathedral City Retail Center Investment

      Prime Retail Space Available, High Traffic
      69115 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $21 SF/Yr
      81,315 SF

      Canyon Plaza East: Retail Spaces Available

      Cathedral City retail center; prime location, high traffic.
      67555 Palm Canyon Dr, Cathedral City, CA 92234
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    68766 Perez Rd
    Cathedral City, CA 92234
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.