Turnkey Cannabis Manufacturing
13300 Little Morongo Road, Desert Hot Springs, CA 92240
For Sale
$5,950,000
Licensed turnkey cannabis facility with mixed-light grow bays and pharma-grade manufacturing/distribution space on 8.14 net acres.
Property Size45,553 SF
Lot Size8.14 Acres
Price / SF$130.62
Days on Market284
Property Features for 13300 Little Morongo Road
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Listing Agency:
Desert Pacific Properties
Listed By:
Paula Turner · License CA #00702492
(760) 360-8200
Source:
Exitrealty
Added: Feb 4
Changed: Nov 10
Last Checked: Nov 10 at 5:46AM
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 Desert Pacific Properties
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Investment Insights
Based on property information with market context.
This for-sale property includes a 45,553 SF licensed, turnkey cannabis facility plus an additional 15,553 SF manufacturing/distribution space described as pharma grade. The site also features 27,400 SF of mixed light cultivation with 10 bays and 70 lights per bay, supporting a dedicated, operational layout.
The property is located at 13300 Little Morongo Rd in Desert Hot Springs, CA, on 8.14 net acres with room to grow and expand. Public remarks note there is no city manufacturing tax in Desert Hot Springs.
A range of improvements are in place to support both cultivation and manufacturing/distribution uses, and the seller will consider a lease with an option to purchase.
The property is located at 13300 Little Morongo Rd in Desert Hot Springs, CA, on 8.14 net acres with room to grow and expand. Public remarks note there is no city manufacturing tax in Desert Hot Springs.
A range of improvements are in place to support both cultivation and manufacturing/distribution uses, and the seller will consider a lease with an option to purchase.
Key Highlights
- 45,553 SF licensed, turnkey cannabis facility
- 15,553 SF manufacturing/distribution space for pharma‑grade products
- 27,400 SF mixed‑light grow area with 10 bays and 70 lights per bay
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
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
NOI $454,233 @ 7.0% cap · market cap 7.63%
Second Best
Industrial
$5.34M
$4.68M – $6.23M
NOI $374,074 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$13.65M
$11.94M – $15.92M
NOI $955,284 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
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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
$294,200
Median Home Value
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Market
Average Price Trend$/SF for Cannabis Properties in Riverside County, CA
Properties on Market for Cannabis Properties in Riverside County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Cannabis property - Licensed turnkey cannabis facility with mixed-light grow bays and pharma-grade manufacturing/distribution space on 8.14 net acres.
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, turnkey cannabis facility; 15,553 SF manufacturing/distribution space for pharma‑grade products; 27,400 SF mixed‑light grow area with 10 bays and 70 lights per bay
