Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Dillon Road Desert Hot Springs, CA 92240

    View on Map
    Claim this Listing
    For Sale
    $2,430,000

    LAND - Desert Hot Springs, CA

    Lot size:
    0.17 Acres
    Added:
    Sep 24, 2024
    Days on Market:
    583
    Last Refresh:
    Apr 29 at 4:06 am

    Property Features for Dillon Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Jennifer L Allen

    Listing agent Jennifer L Allen License #01442955

    Listing office Bennion Deville Homes 71-691 Highway 111 Rancho Mirage Office, Rancho Mirage, CA

    Listing date Sep 24, 2024

    MLS# 219117326 Listing URL

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Desert Hot Springs Land Development

    This offering comprises 54 lots within the Hot Springs Rancho Estates development, situated directly off Dillon Road in Desert Hot Springs, California. The location provides views of the San Jacinto Mountains. These lots present a development opportunity for residential housing construction in a growing area, with several new homes already established nearby. Utilities are accessible in proximity to the lots, which also benefit from paved road access. The location is centrally positioned across from the freeway and within minutes of Palm Springs. Each lot is approximately 7,500 square feet, or approximately 0.17 acres. Prospective buyers are advised to conduct their own due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Desert Hot Springs
    County
    Riverside
    State
    California
    Longitude
    -116.516458
    Latitude
    33.926767

    Nearby Similar for Sale

    • $598,000
      2,400 SF

      Desert Hot Springs Commercial Building

      Two-story commercial building in central location with parking.
      66595 Pierson Boulevard, Desert Hot Springs, CA 92240
      View Details
    • $525,000

      Desert Hot Springs Commercial Land

      Commercial land in growing Desert Hot Springs, business-friendly city.
      22215 Palm Drive, Desert Hot Springs, CA 92240
      View Details
    • $885,000

      Desert Hot Springs Land Opportunity

      Large land parcel in growing Desert Hot Springs.
      0 Oasis Drive, Desert Hot Springs, CA 92240
      View Details
    • $1,650,000
      5,328 SF

      Prime Corner Retail Building

      5,328 SF building on a prime corner lot.
      11940 Palm Drive, Desert Hot Springs, CA 92240
      View Details
    • $1,650,000
      3,500 SF

      Boutique Hotel with Expansion Potential

      Award-winning Desert Hot Springs hotel with geothermal mineral water well.
      12689 Eliseo Rd, Desert Hot Springs, CA 92240
      View Details
    • $285,000

      Desert Hot Springs Land Opportunity

      1.6 acres in rapidly growing Desert Hot Springs.
      Pierson Boulevard, Desert Hot Springs, CA 92240
      View Details
    • $446,000
      1,500 SF

      Desert Hot Springs Income Property

      Fully occupied triplex with updated units and strong rental demand.
      66338 2nd St, Desert Hot Springs, CA 92240
      View Details
    • $465,000
      2,040 SF

      Desert Hot Springs Commercial Building

      Vacant, renovated commercial building in downtown Desert Hot Springs.
      66201 Pierson Boulevard, Desert Hot Springs, CA 92240
      View Details
    • $389,000
      952 SF

      Desert Hot Springs Investment Duplex

      Income-generating duplex with potential for expansion in Desert Hot Springs.
      66385 Cahuilla, Desert Hot Springs, CA 92240
      View Details
    • $799,000
      2,188 SF

      Desert Hot Springs Income Property

      Fourplex with studio, mineral water well, and swimming pool.
      67780 Arena Blanca Road, Desert Hot Springs, CA 92240
      View Details
    • $48,000

      Desert Hot Springs Corner Lot

      Corner lot in Desert Hot Springs, ideal for investment.
      65613 Sycamore Road, Desert Hot Springs, CA 92240
      View Details
    • $69,000

      Desert Hot Springs Land Opportunity

      1.24 acres in Desert Hot Springs, California. Zoned MU-N.
      Mollies Avenue, Desert Hot Springs, CA 92240
      View Details

    FAQs

    What type of property is this?
    Land - 54 residential lots in booming Desert Hot Springs area.
    Where is this land located?
    The property is located at Dillon Road Desert Hot Springs, CA.
    What is the asking price?
    The asking price for this property is $2,430,000.
    What are key features of this property?
    This property features: 54 Lots Offered Together: Ideal for large‑scale residential development.; Prime Location: Directly off Dillon Road in Desert Hot Springs, near the freeway.; Booming Area: Located in an area experiencing residential growth with new homes being built.
    (760) 835-1605
    We can help!
    Listing Contact
    Jennifer L Allen
    Real Estate License ID: 01442955
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!