68725 Ramon Rd
4,565 SF 100% Leased Retail Building Cathedral City, CA 92234 $2,498,000 ($547/SF) 3.96% Cap Rate
EXECUTIVE SUMMARY
Prime Retail and Auto-Related Commercial Investment. This property stands out as a unique opportunity in today’s market, where building new under current zoning restrictions is nearly impossible. Ideal for a savvy investor seeking a return with upside growth potential or an owner-operator envisioning their own auto-related business hub. Each tenant covers there own maintenance and repairs with each suite separately metered. Newer roof.
Situated in one of the highest traffic areas of the Greater Palm Springs Area, this property guarantees maximum exposure to local and transient customers, making it an unmatched investment choice. Don’t miss out on this rare opportunity to own a premier auto-related commercial property in a rapidly growing region.
Key Features:
• 11 Service Bays with convenient roll-up doors.
• 14 Parking Spaces for customer and tenant ease.
• Separately Metered
• High Traffic Location on a trophy corner lot, ensuring maximum visibility and accessibility.
• 100% Occupancy History, highlighting consistent demand and income stability.
Situated in one of the highest traffic areas of the Greater Palm Springs Area, this property guarantees maximum exposure to local and transient customers, making it an unmatched investment choice. Don’t miss out on this rare opportunity to own a premier auto-related commercial property in a rapidly growing region.
Key Features:
• 11 Service Bays with convenient roll-up doors.
• 14 Parking Spaces for customer and tenant ease.
• Separately Metered
• High Traffic Location on a trophy corner lot, ensuring maximum visibility and accessibility.
• 100% Occupancy History, highlighting consistent demand and income stability.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,565 SF
Building Class
C
Year Built
1986
Price
$2,498,000
Price Per SF
$547
Cap Rate
3.96%
NOI
$98,943
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
C1
Parking
14 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Security System
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 680-271-041 | Total Assessment | $1,450,171 (2023) |
| Land Assessment | $209,939 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,240,232 (2023) | Tax Year | 2024 |
