Building Details

Year built 2019

Listing Agency: Desert Pacific Properties Show Phone

Listed By: Paula Turner · License #00702492 Show Phone

Added: Dec 8, 2025 Changed: Oct 2 Last Checked: Oct 17 at 7:06PM

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MLS# 219139756

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

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Investment Insights

Based on property information with market context.

This licensed cannabis facility contains 45,553 square feet of improvements on 8.14 net acres. Built in 2019, the property includes 15,553 square feet designated for pharma-grade manufacturing and distribution, along with 27,400 square feet of mixed-light cultivation space. The cultivation area is configured with 10 bays and 70 lights per bay.

Located at 13300 Little Morongo Road in Desert Hot Springs, California, the property is identified within the City of Desert Hot Springs and includes no city manufacturing tax. The site combines cultivation, manufacturing, and distribution functions within one operating facility.

Key Highlights

• 45,553 SF licensed cannabis facility on 8.14 net acres
• 15,553 SF pharma‑grade manufacturing and distribution area
• 27,400 SF mixed‑light cultivation space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$454,233

Cap Rate

7.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,084,660 $9.1M

Cap Rate 7%

$6,489,043 $6.5M

Cap Rate 9%

$5,047,033 $5.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 45,553 SF

Gross rent

$568.5K $12.48/SF

− Vacancy

−$34.1K −$0.75/SF

EGI

$534.4K $11.73/SF

− OpEx

−$80.2K −$1.76/SF

NOI

$454.2K $9.97/SF

Area

Riverside County, CA

Vacancy

6.00%

Lease Rate

$12.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,084,660

Cap Rate 7%

$6,489,043

Cap Rate 9%

$5,047,033

Alternative Uses

Best Use

Warehouse

$6.49M

$5.68M – $7.57M (±1% cap)

NOI $454,233 @ 7.0% cap · market cap 7.63%

Second Best

Industrial

$5.34M

$4.68M – $6.23M (±1% cap)

NOI $374,074 @ 7.0% cap · market cap 6.29%

Theoretical Best

Office A

$13.65M

$11.94M – $15.92M (±1% cap)

NOI $955,284 @ 7.0% cap · market cap 16.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

FoundryWorks - DHS Agricultural Service

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Restaurant Law Firm Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Explore this area Business Placement

Demographics for 92240, CA

40,920

Population

15,977

Households

2.6

Avg Household Size

34

Median Age

15%

College-Educated

78%

High-School Grad

35.7 sq mi

ZIP Area

1,146

Density / Sq Mi

$51,284

Median Household Income

$32,137

Median Earnings

$1,367

Median Rent

$294,200

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Cannabis property - Licensed cannabis property with cultivation, manufacturing, and distribution improvements across a substantial acreage site.

Where is this cannabis property located?

The property is located at 13300 Little Morongo Road Desert Hot Springs, CA.

What is the asking price?

The asking price for this property is $5,950,000.

What are key features of this property?

This property features: 45,553 SF licensed cannabis facility on 8.14 net acres; 15,553 SF pharma‑grade manufacturing and distribution area; 27,400 SF mixed‑light cultivation space