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Property profile & analytics
FOR LEASE
Retail space
68945 Perez Rd Cathedral City, CA 92234
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1593540
For Lease
1 / 130
$5,875,000
68945 Perez Rd, Cathedral City, CA 92234
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Property summary
AI-generated overview
This exceptional 29,416-square-foot industrial property, located at 68945 Perez Rd, Cathedral City, CA 92234, presents a unique investment opportunity. Situated in the vibrant Perez Road arts and design corridor, this single-story building boasts a prime location in the Coachella Valley. The property, built in 1999 and renovated in 2023, features a mix of flex, warehouse, and showroom space, ideal for a variety of businesses. Currently, four of the building's eight suites are available, ranging from 3,075 to 18,503 contiguous square feet. The largest contiguous space available is 18,503 square feet. The building features a 17-foot ceiling height and is constructed with concrete exterior and load-bearing walls, ensuring durability and longevity. The ample concrete parking lot complements the high-quality construction. The property sits on 1.72 acres of land and is zoned I-1. Its convenient location, modern amenities, and flexible space make it an attractive option for businesses seeking a well-maintained and strategically located industrial space in Riverside County. The property's address is 68945 Perez Rd, with a cross street of Date Palm Drive, and its APN is 687-330-027. One tenant, Caliber Collision, has occupied part of the building since 1995.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Construction
CONCRETE
Total area
29,232 SF
Lot
1.72 ac (74,923 SF)
APN
687-330-027
UPID
US09-1593540
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pam's Party Rentals & Event Planning Company Event Planning Wedding Service
-
JS Furniture & Mattresses Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.89M
CAP Approach
CAP
$6.45M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$5.88M
Owner & transaction history
Jump Management Co LLC · 3 yrs held
Jump Management Co LLC
since 2022
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.7M
+6.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cathedral City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cathedral City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,945,000
ML approach
$5,890,000
CAP Approach
CAP Return
Estimation
6%
$6,985,000
6.5%
$6,445,000
7%
$5,985,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,165,000
Current use
INDUSTRIAL (GENERAL)
$9,730,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,635,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$5.88M
Range $5.29M – $6.46M · ±10% · vs last sale $5.55M (Nov 30 2022)
Last sale anchor
$5.55M
Nov 30 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$68,976
Tax year 2024
Assessed value
$5,661,000
Assessed 2024
Previous assessed
$5,661,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,132,200
Assessed improvement
$4,528,800
Applied tax rate
19.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1991
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
29,232 SF
Lot
1.72 ac (74,923 SF)
APN
687-330-027
UPID
US09-1593540
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.2M
INDUSTRIAL (GENERAL)
Est. value
$9.7M
WAREHOUSE, STORAGE
Est. value
$8.6M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Jump Management Co LLC
Entity
Mailing address
35381 BCH RD, DANA POINT, CA 92624-1707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$5,550,000
Jump Management Co LLC
Cat City 2 LLC
Grant Deed
$3,950,000 · Cat City 2 LLC
Jun 9, 2021
—
Cat City 2 LLC
—
Deed
related
$1,500,000 · Trinity Mortgage LLC
Apr 22, 2020
—
Cat City 2 LLC
—
Deed
related
$2,750,000 · Trinity Mortgage Fund LLC
Mar 29, 2018
$4,800,000
Cat City 2 LLC
Silver Creek Valley Cf LP
Grant Deed
$2,900,000 · Trinity Mortgage Fund LLC
May 2, 2012
—
Nfsp Management LLC
Brandenburg Eric Trust
Grant Deed
—
Mar 7, 2012
$4,000
Brandenburg Eric Trust
Brandenburg Trust
Grant Deed
related
—
Feb 2, 2012
—
Brandenburg Trust
North First Street Properties
Grant Deed
—
Apr 19, 2007
—
Silver Creek Valley-cf
Silver Creek Valley
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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