Add Listing
    For Sale
    • 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

    38105 Portola Ave Palm Desert, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    96.75 acres offers ample space for a well-planned community.

    Type:LAND
    Property size:
    4,214,430 SF
    Lot size:
    96.75 Acres
    Added:
    Mar 27, 2024
    Days on Market:
    754
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for 38105 Portola Ave

    General Information

    Standard status
    Active
    Size
    4,214,430 SF
    Lot size
    96.75 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Adam Tischer
    Adam Tischer

    Listing agent Adam Tischer License #01766213

    Listing office Colliers

    Listing date Mar 27, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers

    Overview

    96.75 Acres Available Land

    This property features 96.75 acres of land, offering ample space for a well-planned community. There is an opportunity to further pursue entitlements for a parcel spanning approximately 17.63 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.376
    Latitude
    33.7689

    Nearby Similar for Sale

    • $98,000
      754 SF

      Turnkey Hair Salon Opportunity

      Stylish, fully built-out hair salon in prime location for sale.
      73241 Highway 111, Palm Desert, CA 92260
      View Details
    • $950,000
      3,046 SF

      Palm Desert Multifamily Investment Opportunity

      Three-unit property with a house and duplex on corner lot.
      44858 Santa Anita Avenue, Palm Desert, CA 92260
      View Details
    • $525,000
      1,391 SF

      Palm Desert Office Condominium

      One-story office condo with excellent signage and easy I-10 access.
      73700 Dinah Shore Dr unit: 101, Palm Desert, CA 92211
      View Details
    • $395,000

      Palm Desert Residential Lot

      Vacant lot in gated community ready for construction.
      12 Brentwood Way, Palm Desert, CA 92260
      View Details
    • $862,500
      5,040 SF

      Palm Desert Triplex Investment Opportunity

      Six-unit multifamily property with extensive renovations and strong rental income.
      44408 Acacia Drive, Palm Desert, CA 92260
      View Details
    • $862,500
      5,040 SF

      Palm Desert Triplex: Modernized Investment

      Six-unit property with updated systems and strong rental income.
      44440 Acacia Drive, Palm Desert, CA 92260
      View Details
    • $5,967,000
      19,123 SF

      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
      View Details
    • $9,499,000
      4 SF

      Multifamily Community in Palm Desert

      26-unit multifamily community with rental upside in prime location.
      72805 Parkview Drive, Palm Desert, CA 92260
      View Details
    • $1,250,000

      Palm Desert Vacant Homesite Opportunity

      Vacant homesite in Ironwood Country Club with stunning views.
      49853 Desert Vista Dr, Palm Desert, CA 92260
      View Details
    • $1,050,000
      3,425 SF

      Turnkey Medical Office Condo

      3,425 SF Class A medical office condo for sale.
      41990 Cook St Ste E502, Palm Desert, CA 92211
      View Details
    • $320,000

      Palm Desert Acreage Estate Lot

      2.61 acre estate lot in private gated community.
      Black Hills Road unit: 21, Palm Desert, CA 92260
      View Details
    • $6,999,000

      Landmark El Paseo Corner Property

      Iconic multi-use property in the heart of El Paseo.
      73640 El Paseo, Palm Desert, CA 92260
      View Details

    FAQs

    What type of property is this?
    Land - 96.75 acres offers ample space for a well-planned community.
    Where is this land located?
    The property is located at 38105 Portola Ave Palm Desert, CA.
    What are key features of this property?
    This property features: 96.75 Acres Available; Ample Space for A Well‑Planned Community; Opportunity to Further Pursue Entitlements
    (213) 532-3268 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Tischer
    Adam Tischer
    Real Estate License ID: 01766213
    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!