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

    16600 Aqueduct Road Sky Valley, CA 92241

    View on Map
    Claim this Listing
    Pending
    $115,000

    LAND - Sky Valley, CA

    Lot size:
    5.00 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    12
    Last Refresh:
    May 4 at 8:06 am

    Property Features for 16600 Aqueduct Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    645140004
    Lot size
    5.00 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Catherine Marcy
    Catherine Marcy

    Listing agent Catherine Marcy

    Listing office HomeSmart 431 S Palm Canyon Dr, Palm Springs, CA

    Listing date Apr 23, 2026

    MLS# 219146811 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

    Sky Valley Land Opportunity

    This property features 5 acres of land in Sky Valley, California. The location offers paved road access at the intersection of Lyons Blvd and Aqueduct Rd. A water meter is present on site. An existing homestead is on the property but is not habitable and lacks power and bathroom facilities. The value is primarily in the land itself. The surrounding neighborhood includes upscale view homes. The property is suitable for a ranch retreat, offering fresh air, wide open spaces, and peaceful surroundings. Sky Valley, an area of 37 square miles, is described as an up-and-coming area for desert living, providing a country environment for a rustic lifestyle. The aerial photo boundary lines are approximate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Sky Valley
    County
    Riverside
    State
    California
    Longitude
    -116.312
    Latitude
    33.8584

    Nearby Similar for Sale

    • $175,000

      Expansive Land Parcel in Sky Valley

      4.78-acre agricultural land with panoramic views, convenient location.
      Dillon Road, Sky Valley, CA 92241
      View Details
    • $118,000

      Land in Sky Valley, CA

      4.75-acre parcel ideal for custom ranch home in Sky Valley.
      1 Smith Road, Sky Valley, CA 92241
      View Details
    • $169,000

      Sky Valley 2.5-Acre Land Parcel

      2.5-acre lot with mountain views and multiple development possibilities.
      Helms Road, Sky Valley, CA 92241
      View Details
    • $140,000

      Sky Valley Five Acre Sanctuary

      Rare five-acre parcel with panoramic views in Sky Valley, CA.
      Henry Road, Sky Valley, CA 92241
      View Details
    • $299,000

      Sky Valley View Property

      Five-acre Sky Valley lot with panoramic views.
      23551 Henry Road, Sky Valley, CA 92241
      View Details
    • $79,900

      Sky Valley Land Opportunity

      4.3 acres in Sky Valley, create your custom ranch.
      1 Rudderow Lane, Sky Valley, CA 92241
      View Details
    • $175,000

      Land Near Joshua Hills Park

      7.74 acre parcel near Palm Springs with utilities.
      Dillon Road, Sky Valley, CA 92241
      View Details
    • $103,050

      Sky Valley 5-Acre Land Parcel

      5-acre lot with views and utilities nearby in Sky Valley.
      Safari Road, Sky Valley, CA 92241
      View Details
    • $99,000

      Expansive Sky Valley Vacant Land

      Five-acre vacant land in Sky Valley near Palm Springs.
      0 No address, Sky Valley, CA 92241
      View Details
    • $149,999

      LAND - Sky Valley, CA

      Penny Lane, Sky Valley, CA 92241
      View Details
    • $100,000

      Sky Valley Land Parcel

      Large parcel with mountain views near Palm Springs.
      Dowell Ln & Kinsmith Ave, Sky Valley, CA 92241
      View Details
    • $360,000

      Sky Valley Land Opportunity

      Two 10-acre parcels in a mineral water area.
      20 Acres Merganzer Trl, Sky Valley, CA 92241
      View Details

    FAQs

    What type of property is this?
    Land - 5 acres of land in Sky Valley with water meter.
    Where is this land located?
    The property is located at 16600 Aqueduct Road Sky Valley, CA.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: 5 acre parcel in desirable Sky Valley; Water meter already on site; Paved road access
    (760) 272-0753
    We can help!
    Listing Contact
    Catherine Marcy
    Catherine Marcy
    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

    Thank You for Inquiry

    16600 Aqueduct Road, Sky Valley, CA 92241

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!